Mexico City’s Senate Building Now Has a Bitcoin ATM: Report

Mexico has installed another Bitcoin Automated Teller Machine (ATM), located in the Senate building of the city. Some popular politicians, such as Miguel Ángel Mancera, were behind the move.

According to a local report published last week, the Mexican authorities installed the 14th Bitcoin ATM in the country in the Senate’s building in the capital, hinting at a positive future interaction with the digital asset. The remaining 13 ATMs are located in cities like Cancún, Tijuana, Guadalajara, and Culiacán.

Some of the renowned politicians lobbied for the move, as per the report.

Mexico City’s previous mayor Miguel Ángel Mancera believes Bitcoin has emerged as a successful competitor of leading payment networks such as PayPal and Visa, and is on a path to becoming mainstream.

Indira Kempis, a Mexican Senator, also took to Twitter to highlight the initiative as she clicked a picture standing next to the ATM saying, “To the moon.”

Ricardo Monreal, the President of the Political Coordination Board of the Senate, also argued that Mexico’s government should open its arms to the crypto industry and establish a regulatory framework.

In February, Senator Kempis proposed to make Mexico the second country after El Salvador, where bitcoin is an official means of payment. The Central African Republic made bitcoin legal tender last month.

“We need bitcoin to be legal tender in Mexico because if it is not so if we do not make that decision as El Salvador did, it is very difficult to take action,” she said at the time.

Nearly two weeks ago, Kempis targeted CBDCs, proposing that “only the central bank” could issue a digital currency for Mexico.