Santo Blockchain Buys 50 Bitcoin ATMs; Plans to Get 300 in 2022
Santo Blockchain is headed to the future, where it plans to spread out Bitcoin ATMs across its geographical location.
The Vietnam-based company has ordered 50 ATMs. They are expected to be shipped at the earliest and arrive in the third week of February 2022. Once arrived, Santo Blockchain has announced that it would go ahead with 300 more Bitcoin ATMs.
Santo Blockchain follows the management system of vertical integration. It functions in the sector of developing blockchain and Cryptocurrency.
Its specific actions include managing, operating, and developing end-to-end BaaS Blockchain As A Service. The company is also involved in developing non-fungible tokens, smart digital contracts, and the Internet of Things.
Acquiring a new kind of technology is challenging, especially when it comes to businesses with smaller operations.
Companies can stay on track with the latest technology with the assistance of Santo Blockchain. The company offers professional assistance along with hosting services to small-scale companies.
The services are supported by its subsidiaries that are located in the Republic of Panama and the Socialist Republic of Vietnam.
Santo Blockchain announced that it had bought 50 Bitcoin ATMs through its official press release. They are scheduled to leave Shenzhen, China, in the third week of February 2022.
Their delivery has been sorted to be completed at the office of Santo Blockchain that is located in the Republic of Panama.
The company has already scheduled the purchase of the next set of 300 Bitcoin ATMs for the year 2022. Investment of $1,000,000 US has already been set aside for this purpose.
All the Bitcoin ATMs will be rolled out based on the plan drafted by its subsidiary Santo Pay de Panama S.A. The multi-national rollout plan will reportedly lay out a draft for Panama, Costa Rica, and Colombia.
Plans drafted by Santo Pay de Panama S.A will cover not just Bitcoin ATMs, but it will also extend to the development of Santo Cryptocurrency Wallet and deployment of Santo Bitcoin Debit Card.
Mr. Frank Yglesias, the Chief Executive Officer of Santo Blockchain, stated in the official press release of the company.
He said that 2022 would be extremely productive, and it will be marked by the year of growth. He added that the company had begun its journey to bring a new wave of banking, commerce, and investment through Cryptocurrency.
The wave will serve benefits to those who are either yet to be banked or cannot be banked. This includes approximately 4000,000,000 people in Latin America.
Frank Yglesias has scheduled a web-based cast for all the shareholders. It will be a pre-recorded video message. Tune in at 11 am EST here.