With the Argentinian Peso facing high inflation, Bitcoin ATM developers have sensed opportunity to create an on-ramp for Argentinians looking for an alternative store of value, and are planning to install Bitcoin ATMs in the country.

US-based Athena Bitcoin has begun the race by installing an ATM in Buenos Aires last month, while Odyssey Group has plans to install 150 ATMs by the end of 2018. Latin America has become a boon for these companies, and the two companies combined have plans to install more than 1500 ATMs in Argentina by the end of 2019.

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