Bitcoin ATM placed in Mexico’s Senate building

Campaigners hope the BTC ATM will give Mexican lawmakers their first taste of bitcoin

An employee is reflected as she cleans the screen of a bitcoin ATM in a shop in Mexico City                                 
An employee’s face is reflected in the screen of a bitcoin ATM as she cleans it in Mexico City – Photo: Alamy
                                

The latest addition to the Mexican Senate building is a bitcoin (BTC) ATM, which marks the country’s 14th BTC ATM. 

It was installed to help with the efforts of Congress of the Union Senator Indira Kempis who hopes to make BTC legal tender in Mexico through a bill she is planning to present later this year.

Bitcoin ATM manufacturer ChainBytes in co-operation with ATM operator Axolotl Bitcoin installed the BTC ATM, which had already received the support of several legislators, including Miguel Ángel Mancera, head of the Party of the Democratic Revolution (PRD).

The BTC ATM, which was installed on 26 April, is the first to be placed in the Mexican Senate building. Kempis has also added red laser eyes to her Twitter profile picture, which is a trend among BTC bulls who believe the lead crypto will continue to soar in price.

Giving Mexican lawmakers their first taste of BTC

The BTC ATM will give Mexican lawmakers their first taste of BTC, allowing them to experience BTC transactions first hand. Senator Kempis said she hopes it will allow other senators and lawmakers to become more familiar with BTC transactions and see the benefits that mass adoption of BTC can bring to Mexico.

During its first week, the BTC ATM will remain on the first floor of the Mexican Senate, after which it will be moved to Kempis’s office and made available for future Senate workshops and events.

‘We are seeing interest, will, curiosity and participation’

Jose Rodriguez, CEO of Axolotl Bitcoin, said: “We are excited with the current openness in the Mexican Senate, and with Senator Indira Kempis’s effort to bring this bitcoin ATM and help towards a bitcoin regulation that could detonate the bitcoin and fintech industry in Mexico as it has happened in other countries.

“I have been meeting with regulators and central banks for the last 10 years, and finally we are seeing interest, will, curiosity and participation with regulators and lawmakers in Mexico.”

Eric Grill, CEO of ChainBytes, said: “We are thrilled to be a part of such a historic moment for Mexico. We hope that by placing our ChainBytes ATM in the senate building, we will help lawmakers get familiar with the technology and hopefully aid their decision to accept bitcoin as a legal tender in Mexico.

“We are excited and honoured to be here – and we are doing our best to help these lawmakers understand the advantages of bitcoin.”

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