Santo Blockchain to deliver 50 Bitcoin ATMs to Panama in 2022

Santo Blockchain has announced it will install 50 Bitcoin ATMs in Panama in early 2022. The country is acquiring these ATMs to keep up with El Salvador's recent adoption of bitcoin as currency, according to a report by Cointelegraph.

Santo Blockchain plans to invest $1 million into Latin America as part of its plan to install 300 Bitcoin ATMs in the region.

"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% to 15% of the Hispanics in the United States that also are unbankable," Frank Yglesias, CEO, Santo Blockchain, said in the report.