Bitcoin ATM set up in Mexico’s Senate Building

Mexico’s Senate building now houses the nation’s 14th Bitcoin (BTC) ATM, an indication of the nation’s growing curiosity about Bitcoin. The ATM was placed on Tuesday using the support of countless legislators, including Miguel Angel Mancera, mind from the parliamentary number of the Party from the Democratic Revolution (PRD).

Senator and blunt crypto enthusiast Indira Kempis shared her excitement in the development on Twitter, proclaiming that “for freedom, inclusion and financial education in Mexico.”

Based on Gold coin ATM Radar data, the nation already had 13 such machines in Mexico City, Tijuana, Cancún, Guadalajara, Culiacán, San Miguel de Cozumel, and Aguascalientes.

Following the BTC ATM was installed, a nearby news report from El Heraldo de Mexico mentioned the PRD representative noted that Bitcoin has surpassed the transaction amount of payments made through traditional payment systems like PayPal, Visa, and MasterCard.

Related: Brazil’s Senate approves ‘Bitcoin law’ to manage cryptocurrencies

Mexico’s curiosity about cryptocurrency has selected up momentum in recent several weeks. Based on Triple A’s crypto possession data for 2021, 40% of Mexican firms are curious about adopting blockchain and cryptocurrency for some reason. Of the group, 71% are focused on cryptocurrency usage.

In addition, the data implies that Mexico’s major cryptocurrency exchange, Bitso, saw a 342 percent rise in buying and selling volume in 2020. The exchange also offers over a million users (92% are Mexicans).

In Feb, reported by Cointelegraph, Nuevo León condition senator Indira Kempis mentioned that she’s certain that Bitcoin ought to be a legitimate currency in Mexico because its usage might help expand financial inclusion around the globe. However, millionaire and Bitcoin advocate Ricardo Salinas believes it will likely be an “uphill fight” to achieve this because his nation’s mentality is simply too determined by its fiat control, that they known as “fiat fraud.”

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