Panamanian crypto-teller machine TigoCTM has added Dash to its roster of cryptocurrencies for sale and purchase over its network in Latin America.
With a new partnership, Dash will see its partner TigoCTM, a crypto teller machine company, add the cryptocurrency to its network of ATMs that already provides bitcoin and other digital currencies to adopters and new users in Panama and Latin America.
TigoCTM CEO Cindy Zimmerman sees reason for cryptocurrencies to flourish in Latin America among unbanked or underbanked users in Latin America, particularly in countries like Venezuela where economic instability and uncertainty is well publicized. The chief executive revealed that many of TigoCTM’s customers do not trust nor want to use the banking system locally.
In statements, Zimmerman said:
We started this company in Panama because there was no way for anyone there to convert cash into cryptocurrency, and after the financial crisis in Venezuela took hold, the demand for an alternative way of accessing money quickly grew.
For example, the bolivar has recently seen 100% year over year inflation; bitcoin has been more stable than some local fiat currencies.