Bitcoin ATM Machine in Nigeria. - page 5.

cizatext

member

Activity: 952

Merit: 41

Quote from: Kaizam on August 05, 2018, 03:00:07 PM

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?

Nigeria as an underdeveloped countries will wait for some time before having a bitcoin ATM due to the low level of technology and industrialization in Nigeria, because bitcoin ATM is a new development in the bitcoin network and just few developed countries are having bitcoin ATM at the moment and it the responsibility of the blockchain to installe bitcoin ATM since the blockchain is the bitcoin bank.

12tribes

member

Activity: 378

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While this is a welcome news if true, I am yet to find where this ATM is located and I am quite sure the patronage it will receive is going to be staggering. However, there is a snag. While the ATM is to facilitate the speedy transaction, we need to ask who have set this up and what are they into? How does the user interact with the machine. Overall again I think that the cyber security around this kind of unit MUST be airtight.

Marlo Stanfield

sr. member

Activity: 490

Merit: 280

Quote from: Kaizam on August 05, 2018, 03:00:07 PM

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?

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.

nikiknowsnothing

newbie

Activity: 40

Merit: 0

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.

Kaizam

newbie

Activity: 4

Merit: 0

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?

Topic: Bitcoin ATM Machine in Nigeria. - page 5. (Read 725 times)