Bitcoin exchange Paxful is betting big on the LatAm market. The exchange has partnered with Medellín-based blockchain company CoinLogiq to bring cryptocurrency ATMs in Colombia.

There will be 20 crypto ATMs under this plan. The machines will be available in the most important cities throughout Colombia such as Bogota (the capital) and Medellin. The ATMs will allow users to make transactions in BTC and fiat in a fast and convenient way. Currently, it is difficult and tedious to trade Bitcoin for cash. These will not be the first set of Cryptocurrency ATMs in Colombia. However, this move will represent a major expansion of technology.

The users can access the Paxful Kiosk. It is integrated into each ATM machine which will allow customers to buy bitcoin using different payment methods. It includes online transfers, gift cards, and other more traditional methods like cash and credit and debit cards. Also, users can send and receive money using cryptocurrency through the ATMs.

Magdiela Rivas, Paxful’s Manager for Latin America, said that the partnership between Paxful and CoinLogiq will help the adoption and acceptance of cryptocurrencies among Colombians and Latin Americans in general. She also said the partnership will extend to Peru. Peru will get 25 new crypto ATMs in important points of the main cities throughout the country as per the source.