U.S. company Athena is fully set to supply El Salvador’s new crypto-based economy with 1500 Bitcoin ATMs. The plan was to invest more than $1 million to install cryptocurrency ATMs and also hire staff and operators. Already, Athena has two ATMs of this such in El Salvador being tested. They maintained that the drive for this move is to contribute to the development in the country
Along with installing the new machines it will also hire staff and open an office to carry out operations in El Salvador.
Athena currently operates just two ATMs of this type in El Salvador, one at El Zonte beach as part of an experiment called “Bitcoin Beach” aimed at making the town one of the world’s first crypto economies, and the other in El Tunco, according to CNN.
Athena’s director for Latin America, Matias Goldenhörn, told Reuters that Salvadorian President Nayib Bukele had “presented us with a tough challenge of 1,500 ATMs, we will go for that, but in phases. We are a private company and we want to ensure that our development in the country is sustainable.”
On June 17, Athena posted about its plans to expand in the country in the wake of lawmakers passing a bill to make Bitcoin legal tender. The company tagged President Bukele asking if a thousand machines would be enough. He responded he had set his target on a larger figure.