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The first crypto ATMs have already been installed and the remaining will be installed this weekend, Coin Cloud said. These ATMs, unlike others, are bi-directional. This means that customers can buy and sell cryptocurrency with it.
The company has announced that users can purchase cryptocurrencies starting at a minimum of R$10 (~$1.87). For sales, this limit grows to a minimum of R$50 (~$9.36). The ATMs only accept cash, but there is also an accompanying app that allows users to purchase crypto using debit or credit cards. The machines offer an ample supply of over 30 different cryptocurrencies to buy and sell, including Bitcoin, Ethereum, XRP and Litecoin. The machines also offer stablecoins, such as tether and USD coins.
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