The company Tether joins forces with SmartPay to enable, as of November 3, 24,000 ATMs where USDT can be bought and sold in exchange for reais, the Brazilian fiduciary currency.

These ATMs work in a similar way to a conventional ATM in which we withdraw cash, only that we must connect our wallet to them and generally we also need to have an account with the company that provides the ATM.

Brazil already has ATMs, but for Bitcoin, since 2020 in various cities such as Rio de Janeiro and Sao Paulo.

As the trend grows, more and more countries see the arrival of ATMs that allow the purchase of crypto assets on the spot. Although in Argentina, the use of them is not as popular as exchange applications, there are also some ATMs distributed mostly in the capital of the country.

Have you ever used a cryptocurrency ATM?