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Insured Asset-backed Crypto Project, Bitcoin Latinum Partners with OSO ATM to Install ATMs in the United States
Published Nov 03, 2021 07:23AM ET
© Reuters. Insured Asset-backed Crypto Project, Bitcoin Latinum Partners with OSO ATM to Install ATMs in the United States
Leveraging the energy-efficient and inherently faster proof-of-stake [PoS] consensus mechanism, Bitcoin Latinum, the next generation insured asset-backed crypto platform, per a recent press release, has partnered with OSO ATM; arguably the biggest crypto ATM provider to install over 100,000 Bitcoin Latinum [LTNM] ATMs in all the 50 states of the US.
Based on the premier cryptocurrency ecosystem, this insured asset-backed project was developed by Monsoon Blockchain Corporation on behalf of the Bitcoin Latinum Foundation. With a native token, LTNM, the developers refer to it as a faster, safer, and greener version of the premier crypto, Bitcoin. Additionally, LTNM is said to be capable of seamlessly managing thousands of crypto transactions while offering lower costs, faster throughputs, and a scalable network.
Created to accelerate crypto adoption while dispelling the existing bottleneck Bitcoin users have had to deal with since the launch of the network, Bitcoin Latinum has entered into various consortiums with a plethora of trading platforms with the goal being to list its native token on their platforms. Amidst its many partnerships, this current collaboration with OSO ATM, a full-service ATM provider will set the next-gen project on a new path — making crypto more accessible than it is right now — the core vision of Bitcoin Latinum. Besides this, it will help the crypto platform further increase its customer reach.
Per the aforementioned source, this partnership will see OSO ATM install over 100,000 ATMs in all the 50 states of the US.
Commenting on this recent collaboration, Founder of Bitcoin Latinum, Donald Basile told reporters that OSO ATM is working to install over 25,000 of these ATMs before the end of January 2022. This partnership, according to the Founder, will allow crypto holders in different states of the US to conveniently buy and cash out BTC and LTNM, directly aiding the adoption of Bitcoin Latinum.
“Bitcoin Latinum aims to bring the ease of using cryptocurrencies in the United States ...”An Arizona-based company, OSO ATM offers a ton of ATM-based services like customization, installation, equipment sale, and ATM processing in all states of the country. The 5 years partnership with nascent crypto platform, Bitcoin Latinum, will see the company install 60,000 LTNM ATMs across all states within the timeframe. As revealed by the company, a minimum of 8,000 ATMs are expected to be installed before the end of 2022.
COO of OSO ATM, Sam Arikat, commenting on this partnership stated that crypto ATMs are surprisingly picking up in other parts of the world. Citing El Salvador, the first country to adopt Bitcoin as a legal tender, the Chief Operating Officer further stated that these ATMs will enable people to easily transact, trade, swap, and cash out LTNM and BTC.
“Bitcoin Latinum aims to bring the ease of using cryptocurrencies in the United States, and we're extremely proud to be a part of their journey to take these digital currencies to the mainstream audience”, Sam Arikat told reporters.
With a 99.5% retention rate and the existence of a 24-hour tech support team, OSO ATM has cemented its place as one of the leading ATM providers in not only the state of Arizona but the country at large. Furthermore, this alliance with Bitcoin Latinum, the incipient crypto project seeking to offer an alternative to Bitcoin, puts it ahead of others as a truly innovative and change-driven service company.
Striving to increase crypto adoption, Bitcoin Latinum is banking on this partnership and a few of the others entered with trading platforms to proliferate the value of the LTNM token, its native token.
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