While Colombia is not a country that has embraced cryptocurrencies compared to Venezuela or some African countries, it is the country with the second most cryptocurrency ATMs in the Latam region. The reason behind this could be that Colombia has a high percentage of cash usage. This makes cryptocurrency ATMs a very important tool for adoption in the country.
Colombia, Crypto ATM Haven
There is a cryptocurrency ATM boom going on in Colombia right now, being this is the country that hosts the second-highest number of these ATMs in the region. Columbia was in first place until not so long ago, before El Salvador made its bitcoin bet and declared the leading cryptocurrency legal tender. Currently, there are 50 cryptocurrency ATMs in Colombia, but the reasons for this boom are still not clear to some.
Colombia has not been especially known for its cryptocurrency adoption, and its involvement with cryptocurrencies at a government level was limited to a regulatory sandbox that exchanges ar
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