Bitcoin and Shiba Inu are part of the major cryptocurrencies that have been enjoying a smooth adoption rate by businesses in recent times.
Cardenas Markets, one of the largest Hispanic grocery chains in the United States with 59 stores in three Southwestern states, recently collaborated with Coin Cloud, a U.S.-based provider of DCM and crypto ATMs.
This partnership will allow customers to exchange cryptocurrencies for cash at all Latino-network stores through Crypto ATMs and DCMs from Coin Cloud. Furthermore, customers will also have access to over 40 digital assets, including Bitcoin, DOGE, Shiba Inu and ETH.
Interestingly, the top grocery chain store targeting the Hispanic community operates in populated areas such as California, Arizona and Nevada. The first test of the service will take place in Las Vegas.
Could Latinos be Adopting Crypto Faster?
According to a survey, American Hispanics use cryptocurrencies far more than other adult populations in the country. In addition, the data also confirmed that they mostly use crypto as a means of payment rather than a means of savings. Therefore, the introduction of ATMs in Hispanic stores is a welcome development.
Central American and South American countries like Venezuela and El Salvador have made history by accepting cryptocurrency as a legal tender. However, countries like Mexico and Brazil are still keeping their interest in the digital assets open.