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K1, The First Bitcoin ATM Designed And Built In El Salvador

K1, The First Bitcoin ATM Designed And Built In El Salvador

Bitcoin
August 27, 2021 by Editorial Team
19
Edgar Borja, CEO of Kioskos K1, has created the first Bitcoin ATM designed and built in El Salvador. The K1 can act as a host for Bitcoin wallet platforms such as Strike. The machine is fully Strike payment enabled. The kiosk can accept payments in bills and send Bitcoin to a user’s Strike wallet. Strike
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Edgar Borja, CEO of Kioskos K1, has created the first Bitcoin ATM designed and built in El Salvador.

The K1 can act as a host for Bitcoin wallet platforms such as Strike. The machine is fully Strike payment enabled.

The kiosk can accept payments in bills and send Bitcoin to a user’s Strike wallet. Strike is the most popular Bitcoin payment platform in El Salvador and was instrumental in liberating El Salvador from dollars through legalizing Bitcoin as currency.

Users of the K1 can also sell Bitcoin on the machine to receive cash. The ATM sends users a text message as a one time password as a means of authenticating the sender or recipient of the Bitcoin or dollars.



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