Bitcoin ATM and LTNM
Bitcoin Latinum, developed by Monsoon Blockchain Corporation on behalf of the Bitcoin Latinum Foundation, describes itself as the green version of the crypto queen and, as of recently, its native token LTNM is beginning to be listed on crypto-exchanges.
LTNM uses an energy-efficient Proof of Stake consensus algorithm, expected to bring better transaction speeds, lower fees and more security to high-growth markets such as Media, Gaming, Telecommunications and Cloud Computing.
Bitcoin Latinum’s partnership with Arizona-based crypto ATM company OSO ATM aims to gain a presence on 100,000 Bitcoin and LTNM ATMs in all 50 US states as part of its plan towards mass adoption of cryptocurrencies.
In this regard, Arikat, Chief Operating Officer of OSO ATM-Nationwide ATM Company commented:
“The operation of crypto ATMs is picking up pace in other parts of the world as well. In El Salvador for instance, Bitcoin ATMs allow people to transact in the crypto token or convert it to fiat. Bitcoin Latinum aims to bring the ease of using cryptocurrencies in the United States, and we are extremely proud to be a part of their journey to take cryptocurrencies to the mainstream audience”.
The new Bitcoin Latinum ATM plan in detail
Going more specific, the partnership’s plan is for 5 years with the goal of installing 60,000 Bitcoin Latinum ATMs in this period. Not only that, OSO ATM aims to install a minimum of 8,000 ATMs by the end of 2022 in different states across the US.
Donald Basile, the founder of Bitcoin Latinum, also spoke on the matter as follows:
“OSO is aiming to install 25,000 ATMs by the end of January 2022. This partnership will allow the users of different states of the U.S to buy or cash out Bitcoin Latinum and Bitcoin , which will further help in the mass adoption of Bitcoin Latinum”.
Speaking of Bitcoin Latinum, earlier today it announced on Twitter that it has also been listed on HitBTC’s crypto-exchange.
— Bitcoin Latinum (@BitcoinLatinum) October 27, 2021
“Thought you were done with surprises? Well, guess what? LTNM is going to be listed on the 7th exchange, HitBTC! HitBTC ranks in the top 5 in terms of 24 hour volume across 300+ exchanges! With LTNM, you’re in for a treat”.
The current situation of crypto ATMs worldwide
According to Coin ATM Radar’s data, crypto ATMs worldwide now exceed 30,000 installations. Staggering numbers when you consider that at the beginning of 2021, the number of Bitcoin ATMs detected in the world was only 6,373.
Not only that, today, 93% of these crypto ATMs are exactly in North America, compared to 4.5% in Europe, 1% in South America, 0.8% in Asia and 0.1% in Oceania.
In the specific case of South America, El Salvador made headlines this summer when it announced the installation of 200 Bitcoin ATMs. This was even before the famous 7 September 2021, the date on which Bitcoin became legal tender in the country alongside the dollar.