Santo Mining announced the purchase of 50 Bitcoin ATMs today. According to the details shared by the company, the purchased BTC ATMs will be shipped to the company’s office in the Republic of Panama by the end of the first quarter of 2022.
Over the next 12 months, Santo is planning to buy 300 Bitcoin ATMs through an investment of more than $1 million. Santo Pay de Panama, a subsidiary of the company, will be developing a multinational rollout plan for Panama, Colombia and Costa Rica.
"2022 will be a non-stop year of growth for Santo, as I personally plan for the companies' 2022-year workload schedule. Santo is on a journey to help bring a new wave of crypto banking, investment and commerce to over 400,000,000 people in Latin America that are unbanked or unbankable, including 10%-15% of the Hispanics in the USA that also are unbankable,” Frank Yglesias, the CEO of Santo, said.
Bitcoin ATMs
With growing adoption, the demand for BTC ATMs has increased significantly this year. The United States has the largest number of crypto ATMs in the world. In April 2021, Coinme installed more than 300 BTC ATMs across Florida. The company is now operating over 6,000 crypto ATMs in the region.
Santo aims to take advantage of the increasing demand for Bitcoin ATMs. The company’s shipment of 300 machines in 2022 will increase its global presence.
“The Bitcoin ATM machines will ship out from Shenzhen China around the 3rd week of February 2022. The company’s Subsidiary 'Santo Pay de Panama S.A.' will be developing a multinational rollout plan for Panama, Colombia and Costa Rica, not only with the 300 Bitcoin ATMs but with the Santo Crypto Wallet currently in the development stage, that will be running on the lighting layer 2 networks and later in Q3 2022 the deployment of the Santo Bitcoin debit card,” the company highlighted.
