Cardenas Markets, which has 59 locations in three southwestern states and is one of the largest Hispanic supermarket chains in the US, has teamed up with Coin Cloud, a US company that makes DCM and crypto ATMs.
Cardenus Markets users will be able to buy and sell cryptocurrencies for cash at all network locations using crypto ATMs and DCM from Coin Cloud. They will offer more than 40 different cryptocurrencies, such as DOGE, SHIB, BTC, and ETH, which are among the most popular. Notably, the biggest Hispanic-market product networks are in big states like California, Arizona, and Nevada. The invention will be tried out for the first time in Las Vegas.
The Hispanic crypto story takes a turn no one saw coming.
In the context of how Spanish-speaking people interact with cryptocurrency, the idea of putting crypto ATMs right in Hispanic supermarkets makes a lot of sense. A poll mentioned in the news release found that Hispanic adults in the US use cryptocurrency more than any other adult group. The study also found that Latinos are more likely to use cryptocurrency as a way to pay for things than as a way to save money.
This fits with the growing trend in Latin American countries like El Salvador to use cryptocurrencies as legal money. Remember that the Salvadoran government explained its decision by saying that most of its people get money from family in the U.S., and that bitcoin was better for this use case than traditional banks, which charge a lot of fees. ways to handle things
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