Mexico is going to install its very first cryptocurrency ATM’s in Tijuana, right below the border from San Diego. The ATM’s will be different from those previously installed around the world, as they will not only have Bitcoins available, but also Litecoins and Dogecoins.
“With (the ATM’s), customers will also be able to buy a limited amount of Litecoins and Dogecoins,” Bitcoin42 wrote on Bitcointalk forums as an official statement. Bitcoin42 is also the name of the company that are building these new ATM’s and the ones in Mexico will be the first they have to show.
The ATM’s will be installed in the BIT center, which stands for Business, Innovation and Technology. 10% of the profits generated by the ATM’s will go to local Tijuana charities and non-profit organizations, with the users deciding which cause the funds should go to.
” Our main objective is a positive contribution to the potential of all living beings to develop, today and in the future. Our business model focuses on cultural, social, ecological, and economical projects that aim to tackle challenges in our society by developing creative solutions. Ethical and social responsibility is important to us. To start, we will be giving 10% of all generated profits to local non-profit associations in Tijuana. Furthermore, customers will be able to choose the cause they want to donate to. Our motto: Think Global, Act Local!” Bitcoin42 said.
The fee schedule is not yet available, but it is believed that the fees will not be very high since the company are trying to help out local communities.