The director of the firm Athena Bitcoin, said that the machine installed in the Colombian city of Cucuta, is a "help" for Venezuelans who cross the border to the coffee nation.
Uh yeah, no. 10% is highway robbery. This is another example of people in desperate circumstances being shamelessly ripped off by corporations. As such, it represents the very worst of predatory capitalism.
On top of this, using one's phone for financial transactions is a serious security risk, given that all mobile devices are inherently less secure than a PC. Overall, I personally would never consider using an ATM setup of this type, even if they were available here in Argentina.
RE: Cryptographic ATMs in Latin America