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Bitcoin ATM installed in the Senate of Mexico

Mexico’s Senate building is now home to the country’s 14th Bitcoin (BTC) ATM, a sign of the country’s growing interest in Bitcoin. The ATM was installed Tuesday with the support of several lawmakers, including Miguel Ángel Mancera, leader of the party’s parliamentary group. of the Democratic Revolution (PRD). Senator and outspoken cryptocurrency enthusiast Indira Kempis shared her enthusiasm for the development on Twitter, stating, “For freedom, inclusion and financial literacy in Mexico in
. According to Coin ATM Radar, the country already had 13 of these types of machines in Mexico City , Tijuana, Cancún, Guadalajara, Culiacán, San Miguel de Cozumel and Aguascalientes After the installation of the BTC ATM, a local news report from El Heraldo de México noted that the representative of the PRD noted that Bitcoin was already increasing the transaction volume of payments has exceeded traditional payment systems such as PayPal, Visa and MasterCard.Related: Brazilian Senate approves “Bitcoin Law” to regulate cryptocurrencies of this group, 71% focus on cryptocurrency usage. Additionally, data shows that Mexico’s top cryptocurrency exchange, Bitso, saw a 342% increase in transaction volume to
in 2020.

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