The opening ceremony was held within the framework of the CryptoNight event ,organized by the Bitcoin Chile Association. 

Last night, the Bitcoin community of Santiago de Chile enjoyed an expected novelty: the launch of the first cryptocurrency ATM in that country to the public. The inauguration took place within the framework of the CryptoNight event , which brought together more than 150 enthusiasts of digital currencies living in that city.

Last night, after the cycle of conferences, the raffle was given to the attendees to have the opportunity to be the first to use the ATM. The beneficiary of the prize made, without problems and very quickly (as can be seen in the video), a transaction in which he exchanged 10,000 Chilean pesos (CLP) for fractions of Bitcoin . The entire process took less than two minutes.

 

bitcoin atm

 

 

 

 

The president of the Bitcoin Chile Association , Miguel Klagges explained that the cashier, manufactured by the EasyBit company , allows the purchase of 70 different cryptocurrencies , including Bitcoin, Ethereum and Litecoin . The cashier includes a touch screen, a scanner, a printer and a money dispenser. It is important to note that the machine only accepts pesos in cash and can be traded up to a limit of 100,000 Chilean pesos (CLP) per transaction.

The cashier menu offers the options to sell, buy, create a wallet (if the user does not have one). This is very important, because it opens very easy options to people who have never done this kind of transactions and did not have a wallet. When it is created, the machine prints two QR codes, that of the public key and the private one. With the code, the person starts buying.

Klagges informed that, as of today, the cashier will be operative in El Timbre cowork , located in Roman Díaz 445, Providencia (near the Salvador metro). Klagges himself will be there all day today to teach people interested in using the machine.

The representative of the Bitcoin Association explained that the commission charged by the ATM is still to be defined, but until now it is charging the same as other similar machines in the world: 14% for the purchase and 8% for the sale.