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This is how ATMs work to buy and sell bitcoin in Ecuador: “yes there are enough people who arrive for cryptocurrencies”

Summary by El Universo
In Ecuador, cryptocurrencies are not legal tender or a recognized means of payment; however, there is no law or norm prohibiting the purchase and sale of crypto (abbreviated cryptocurrencies), which are speculative goods that have reached high prices in international markets. Therefore, there are already ATMs in the country that allow the purchase or sale of cryptocurrencies such as bitcoin, litecoin, dash and others.

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In Ecuador, cryptocurrencies are not legal tender or a recognized means of payment; however, there is no law or norm prohibiting the purchase and sale of crypto (abbreviated cryptocurrencies), which are speculative goods that have reached high prices in international markets. Therefore, there are already ATMs in the country that allow the purchase or sale of cryptocurrencies such as bitcoin, litecoin, dash and others.

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El Universo broke the news in on Wednesday, January 15, 2025.
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