After eight months of having legally adopted the cryptocurrencythe community of The Savior prepares for the new creation of the national technology development company K1, a Bitcoin ATM (BTC) that will facilitate the management of top-up of the cryptoactive in the wallets digital of the citizen.
Edgar Borja, the CEO of K1 offered an exclusive to the El Salvador Newspaperin which he explained that This new project will allow the Salvadoran community to recharge bitcoins to their digital wallets.
The wallets that will be included in the ATM system will be all those that make up the Lighting network and the Chivo Walletwhich was the one that the government of El Salvador initially enabled when the Bitcoin Law was adopted in the country for a more efficient adoption of cryptocurrency at a social level.
The ATM will be called “K1 mini” and the company plans to make its official launch at the end of this month of February. Although, there are currently two available, on a trial basis, in the House of Bitcoin.
The invention of this new product also comes with the intention of opening a space for people who are still venturing into the medium and therefore their transactions are still small. The K1 mini ATM will be accepting a maximum of USD 1 to a minimum of USD 0.05, money that will be converted into Bitcoin and will be stored in the person’s wallet.
“We are designing a low cost and placement product. We are trying to reach people who work with small transactions or who are trying to learn and cannot risk with $10 or $20, which is something significant for many people in the population, but are willing to learn and save with $1 or $0.25 ” explained Borja for the web portal Diario El Salvador.
The goal of the technology firm for this year is to install up to 5,000 K1 minis nationwide. And the value for its acquisition will be USD 1,500, in addition, those who acquire one of these ATMs will be free to add their own value to the commission for use.