- This would have help alot in making Nigerians see how useful bitcoin can be aside being seen as a means of investment, making payment for goods and services with bitcoin will be accepted by many even making international payments
- The chance of falling for p2p scam will be reduced and it may not require more Kyc verification like the CEX depending on the transaction amount or the government regulations.
- The government can generate revenue from this, either through license sales in order for those who has a license to be eligible to set up their bitcoin Atm or through taxes and may be both ways.
Topic: How is Bitcoin ATM machine help in most countries (Read 57 times)
Would preferred the topic to be How will Bitcoin ATM machine help in Nigeria because we are in our local board and outside this, the reason for using Bitcoin Atm may varies from country to country. Some of the ways in which this would be helpful in Nigeria include:
Bitcoin ATM is know as BTMs it's a valuable way for people living in countries where traditional banks and financial services are limited or doesn't exit.this way People can have access to cryptocurrency without the need for bank account or credit card BTMs provide a easy way to covert cash to crypto.
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