Startups • October 4, 2018, 3:13PM EDT

Over 1,600 cryptocurrency ATMs are coming to Argentina

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The Block

Two companies, Athena Bitcoin and Odyssey Group, announced plans to launch cryptocurrency ATMs in Argentina to meet consumer demand. Argentina's hyperinflation paired with its economic problems has accelerated the adoption of Bitcoin and other cryptocurrencies. Athena Bitcoin plans to launch 30 ATMs by the end of 2018, while Odyssey Group hopes to install 1,600 ATMs by the end of 2019. (Source: Reuters)