Topic: Bitcoin is getting more adopted in my Country - page 6. (Read 1058 times)
That is one downside of an Bitcoin ATM, the fees are very high, I checked https://coinatmradar.com/countries/ and it seems that it is not listed yet, so this is fairly new in Nigeria. We have two in my country, we just have one as well this year and pretty much bitcoin is gaining ground here but I'm not sure if people are really using this ATM's around.
In my country there are many crypto enthusiats and bitcoin users especially among the young generation.
The main problem is there is no clear legislations regarding the use of cryptos. Therefore, no one would take the risk of buying a bitcoin ATM as it can be seized by authorities.
The main problem is there is no clear legislations regarding the use of cryptos. Therefore, no one would take the risk of buying a bitcoin ATM as it can be seized by authorities.
I don't really see it as adoption, it's more like enabling the Nigerians to get some BTC in an easier manner. A little but sweet development for BTC in your country, and I'm happy to know you've now got an option to purchase and sell in a physical way.
Lol, your perspective tho. However, it is clearly adoption because if it is not being adopted by the people in the country, why then would someone bring a Bitcoin ATM?
Well, I believe that an analysis was done and observing that people are moving into cryptocurrency, hence the step was taken.
I feel very inspired right now. I just came across a video in which there's a Bitcoin ATM in the country! I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).
I don't really see it as adoption, it's more like enabling the Nigerians to get some BTC in an easier manner. A little but sweet development for BTC in your country, and I'm happy to know you've now got an option to purchase and sell in a physical way.But considering the population of Nigeria, the pretty bad economy situation out there and the country's size (~4x larger than Romania, the country I live in), I believe most people will still head towards online exchanges. It's just more convenient. An ATM will obviously help though and is better than nothing. Here we have quite a few ATMs but I still feel like there aren't enough & the fees are pretty large (speaking about the withdrawal fee), nor are there enough shops yet. I still have to find European merchants if I ever want to buy anything with it.
EDIT: I've checked a few websites and apparently the only BTC-related thing you can find in Nigeria is this new ATM and a few online exchanges. I think I'm too used to hearing about new ATMs and I just didn't notice & understand that they literally don't have any BTC service over there. With that being said, I'm glad to know the crypto community out there got a little boost with this ATM.
I feel very inspired right now. I just came across a video in which there's a Bitcoin ATM in the country! I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).
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