Paxful and CoinLogiq Partner to Bring Bitcoin ATMs to Colombia
Despite fluctuations in bitcoin price and interest, bitcoin has consistently been valued higher in Colombia, in terms of volume traded, than in most other nations worldwide. Trading data from LocalBitcoins shows that the volume of bitcoin traded with the Colombian peso has been making consistent gains over the past three years, with the volume returning to levels seen in November 2017 just weeks after a massive price spike and collapse in December 2017.
“Latin America has real heroes in the CoinLogiq crew,” Paxful’s CEO Ray Youssef said in a statement about its partnership with CoinLogiq. “They really care and are focused on real use cases. This is what makes bitcoin real and a part of people’s daily lives. We are proud to work with them.”
In addition to establishing 20 bitcoin ATMs in Colombia, the two companies also plan to install an additional 25 machines in the neighboring nation of Peru. These will be established in the nation’s capital of Lima and in other large cities throughout the country.
The post Paxful and CoinLogiq Partner to Bring Bitcoin ATMs to Colombia appeared first on Bitcoin Magazine.
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