Topic: Bitcoin ATM Machine in Nigeria. (Read 725 times)
i think the hacker will attack this machine soon
this is another news that prove bitcoin is really adopting in mass country and a country like nigeria is using blockchain technology and bitcoin greatly proved bitcoin is really strong.this kind of development news is good for bitcoin.
awesome news if it woks then it is advantage for bitcoin users also it will boost the popularity of bitcoin here in Nigeria
a news of the development of the crypto currency that is increasing rapidly, of course and other countries will make it like Nigeria and other countries.
I think it is used as a quick access to bitcoin, I imagine it will facilitate future use and create a certain degree of familiarity that will give a little more confidence to people who want to invest in bitcoin, as saying "hey! look! we are so legitimate that we have an ATM".
Bitcoin is a digital currency that is decentralized with no regulatory control. Over the years a number of Bitcoin ATM boot have sprang up in some developed and emerging economies. Since bitcoin is a digital currency I don't understand the rationale behind the creation of bitcoin ATM with so many crypto exchanges around the globe.
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?
Well, that's a good thing if that's the case. However, we should also consider that Nigeria, in reality, is not one of the richest nor technologically inclined countries around the world. No offense to them, I am just stating that because if a person would see that a not so advanced country would invite changes and improvements related to the cryptocurrency market, I don't think people would give it much attention. Imagine if the same action was done by the US, I think the whole world would go nuts. However, on a positive note, it's a good step towards better cryptocurrency recognition.
On the one hand, this is a very convenient thing because everyone can safely exchange their money for bitcoins. But few people will use it, I think. After all, while the use of cryptocurrency is not very developed and most of the population is not familiar with it. But I think this is a good step towards development. And perhaps this will significantly accelerate the use of cryptocurrency by many people.
That is a good development to have a bitcoin ATM in a third world country such as Nigeria and that will make cryptocurrency readily available for it users, and as a decentralized currency without any regulations it offers the total financial freedom to it users. This news is a good news having a decentralized ATM for bitcoin transactions in Nigeria.
Nigeria is one of the countries in Africa that dare to legalize bitcoin if it is true they apply bitcoin atm. maybe it has a good impact on the country so I think it's a good thing and the country of Nigeria can participate in developing bitcoin.
Looking in the news for the past 1-2 years, one will know the government doesnt support it. The lack of support is due to ignorance considering the news read. The trade of fiat to bitcoin on remitano was recently stopped through the bank. The on-ground presence of crytocurrency trade in the country is not what the community prepare for now but other cryptocurrency/altcoins are creating more platforms in Africa.
From you title I thought that bitcoin ATM has been established in Nigeria already I know Nigeria has also gotten involved in cryptocurrency but not to the extent of having a bitcoin ATM in there country
Really doesn't know yet which organization set-up this ATM machine and who are those that will behind it and managing it. Though bitcoin ATM machine is just like all normal ATM machine that will be used to exchange one fiat directly into bitcoin and vice-versa and this is going to bring a lot of great development into the country crypto sensitization and publicity.
there must be someone responsible for this, for example, where might install an ATM without any responsibility. this is certainly very good news that can be used in buying and selling
of course all of that really requires the person responsible. because something is always there in the process, and the process must be managed properly. so we should be happy with the news that is currently available. because we can see that bitcoin is getting more and more developed, so we don't need to be surprised by the ATMs in Nigeria. Moreover, the bitcoin ATM will always be available in each country.
Two years ago the Bitcoin ATM was one of the most popular hardware devices Bitcoin had to offer. While miners remain financial viable, Bitcoin ATMs have sadly been left behind as the cryptocurrencies further innovates and integrates into current systems. Found in railways and shops a Bitcoin ATM would be tucked away in most cases gathering dust and increasing maintained costs forcing many to cease offering its services.
ATM Machines anywhere in the world is essential to all bitcoin users. But seem to risky too because bitcoin is very expensive and we cannot assure how secure to transact in a atm machine. There must be someone who is there to assist or to watch over while doing an atm transaction. But bitcoin atm is one way of making access to easily withdraw your digital money and convert to fiat.
Bitcoin is a digital currency that is decentralized with no regulatory control. Over the years a number of Bitcoin ATM boot have sprang up in some developed and emerging economies. Since bitcoin is a digital currency I don't understand the rationale behind the creation of bitcoin ATM with so many crypto exchanges around the globe.
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?
ATMs are ok, but I think in these situations where it's affordable to hire real people it's better to have a kiosk with a realy staff member that people can speak to and receive help from. In place like the US of course it's quite different. But people should try to take advantage of their human resources first when they can.
Since nigeria is one of the poorest countries around the globe(sorry for being hard but thats how a have learned about nigeria)maybe its more appropriate for them to use atm than hire real people that may cost more expensive than a ATM machines
And mybe this is those place who’s the machine is usable nowadays as the cryptocurrency are getting more and more accessible via online than physical offerings
Bitcoin ATM Machine build up in Nigeria it is good news for all Bitcoin users Because Nigeria is the under developing country at this time if bitcoin provide this service so Nigerian people join the bitcoin .
Bitcoin development is not yet accepted by the Nigeria Government . Most Nigerians are scared about the internet of things , they believe much on physical cash than digital cash. although if accepted it will be a very big bull Run . Nigeria is a marketing ground for any technology to expand and grow rapidly . in my opinion plant ATM Machines in strategy location , all Nigerian will take Bitcoin to the mainstream for global recognition.
Of course there will be benefits later, even though I have never seen a Bitcoin ATM machine with both eyes directly in Nigeria. I am sure that there must be a good goal, of course there will be those responsible for preparing or managing the machine. And this is generally good news for bitcoin users.
there must be someone responsible for this, for example, where might install an ATM without any responsibility. this is certainly very good news that can be used in buying and selling
Having an ATM bitcoin creates the advantage that includes the economy, currency, higher income population for Nigeria, most importantly providing one of the easiest ways to buy and sell Bitcoin as a safety net. A familiar machine that many people have used in the traditional sense.
Bitcoin ATMs serve as easy access to your bitcoin account to easily convert them to cash without any hassle, you simply insert card then cash out the desired amount. The only problem with this is the conversion factor, we know that bitcoin is fluctuating really sharp, so exchanges maybe in high or low. Don't worry, by the time bitcoin is very stable and mainstream, these ATM are really good help.
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