South Africa set to Launch fully-functional Bitcoin ATM

crypto1010

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Quote from: GBCrypto1 on June 28, 2018, 04:29:17 AM

South Africa is set to launch the first fully functional bitcoin ATM in the nation. Way back in 2014, the country had launched a similar ATM. But the ATM wasn't fully operational and had to be shut down. Read on to know more!

Source : https://coinfrenzy.io/south-africa-bitcoin-atm/

Great news hope this could start a chain reaction and possibly get other countries on the continent to get themselves some bitcoin atms and generally just get involved with cryptocurrencies, crypto is really here to stay

Soots

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Quote from: Nahl on June 30, 2018, 12:12:28 PM

reading that article and apparently South Africa has a good purpose from installed bitcoin ATM that they want to increase the popularity and cryptocurrencies users in that country and i think this is good effort from them while many countries does not like the popularity of cryptocurrencies but they open their mind to accept crypto

Typically if this bitcoin atm will be implemented with other countries, this will bring huge potentials for the demand of bitcoin to increase. These current era of cryptocurrency doesn't seem to be popular since those countries who still don't have proper knowledge how the system really works. With the help of its community to promote through atm, no wonder every people appreciates the usefulness of bitcoin.

Kprawn

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I Googled a bit and I found this :

https://cointelegraph.com/news/south-africa-tops-bitcoin-google-searches-worldwide-in-adoption-spike {AUG 17, 2017} and

then again, https://cryptovest.com/news/south-africans-emerge-as-most-active-in-googling-bitcoin/ in {15 January, 2018}

So there are constant interest in Bitcoin over a extended period of time. Roll Eyes

I hope they will become one of the leaders in the

Crypto currencies industry, because it looks like a great holiday destination. Grin

ImTree

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Everyday reading those topics I became less worried about the bitcoins future, because I see whole world boiling about bitcoin and other cryptos, daily some crypto-related events take place in the world.

posi

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Vave.com - Crypto Casino

Quote from: izanagi narukami on June 30, 2018, 12:26:14 PM

It's become the revolutionary move from Africa because their government are brave enough to launch bitcoin ATM meanwhile my government still not open minded about bitcoin so they still against with bitcoin.
With this good news, I can expect more for bitcoin in the future !

I strongly agreed to what you said because Africa country implementing bitcoin ATM will beef up others Europe, Asian, oceania and south america countries which are still ignorant about the potential of bitcoin.

JohnDcosta

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This is indeed a good news. If more and more countries engage in the market of crypto currency, then this will act like a means for the market to grow more, attract more investors and will improve the market furthermore. This is also a sign that crypto will replace tangible currency soon.

Heidim

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Quote from: RyhaniFoyej on June 29, 2018, 02:30:18 PM

South Africa has total 4 Bitcoin ATM machine. I have an information.

Johannesburg 1 ATM

Nelspruit 1 ATM

Pretoria 2 ATM

Is it true?

Nope, this is not true. Back in 2014 there were one but back then not many people even knew about Bitcoin. I think this time around it will be a whole new ball game. I for one cannot wait.

JohnnyKallahan

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That's a great news. it's so great to see that South Africa is stepping forward towards cryptocurrency. I hope that through cryptocurrency they will be able to improve their lot to a large extent.

kangen riko

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Africans have long used bitcoin as a real means of payment and the existence of bitcoin ATMs will make it easier for people to make bitcoin shipments. In Thailand, Indonesia and some other developing countries there is also ATM bitcoin and bitcoin usage as a real means of payment is evidence that bitcoin has been trusted by the public at large.

shadyrifles

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Quote from: GBCrypto1 on June 28, 2018, 04:29:17 AM

South Africa is set to launch the first fully functional bitcoin ATM in the nation. Way back in 2014, the country had launched a similar ATM. But the ATM wasn't fully operational and had to be shut down. Read on to know more!

Source : https://coinfrenzy.io/south-africa-bitcoin-atm/

Sout Africa is one of the few countries which support cryptocurrencies and continuously making efforts to increase the popularity of cryptocurrencies. The country has set to launch the first fully functional bitcoin ATM.

The main point is that South Africa is not the only country in Africa to launch a Bitcoin ATMs, there are many other African countries interested and planning to launch fully functional bitcoin ATMs. According to a report, South Africa show that more than 300,000 users were involved in cryptocurrency transaction at the end of 2017. There is also past surveys which have that 47% of South Africa’s population is willing to invest in Bitcoins and other cryptocurrencies.

muslol67

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A nice news. These Bitcoin ATMs are spreading day by day. Its use will be very helpful. I hope soon to come to every country.

Liternyy

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South Africa, in which crypto currency is very popular among citizens, will receive its first bitcoin-ATM.
It is worth noting that 14 years ago, a crypto cash machine was already installed in South Africa, but after some time after installation, the ATM was dismantled, as it was not in demand by residents. Now South Africa is the leader among the countries of the continent in the field of taxation of virtual currencies.
A spokesman for Northwood Spar, who will install ATM, said that now is the time to install it in South Africa, since the crypto currency at the peak of popularity in this country

Greed Dev

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I was very surprised to learn that South Africa is starting to deploy Bitcoin ATM. This is the best news in June. Maybe this is the reason why bitcoin prices increased in today

MrCrank

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Wow, Bitcoin ATM in South Africa is very good news!
I'm interested, will be popular this idea?
Will be good if you post video too

izanagi narukami

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It's become the revolutionary move from Africa because their government are brave enough to launch bitcoin ATM meanwhile my government still not open minded about bitcoin so they still against with bitcoin.
With this good news, I can expect more for bitcoin in the future !

coupable

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As you can imagine, how popular Bitcoin is in South Africa that leads to great updates like supporting bitcoin ATMs after the first failed try in 2014. Mati Greenspan, who is an analyst at online trading platform eToro once said that there was a noticeable surge of South African Bitcoin traders on the eToro platform:

Quote

“In South Africa, the number of new users trading bitcoin through eToro rose by 671% from January to the end of November last year over the same period in 2016, more than the 574% overall growth”

This chart shows how much the growth of South-african bitcoin traders in the eToro platform compared to the number of traders in Brazil and Czech Republic

The last news about adopting bitcoin ATMs will help to enlarge the crypto community in South Africa as it shows that the government want to control the crypto use in the country. In last December the South African Revenue Service (SARS) said it was in discussions with a number of technology companies to enable it to track cryptocurrency trades more efficiently so we expect more news before the release of the first ATM.

Nahl

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reading that article and apparently South Africa has a good purpose from installed bitcoin ATM that they want to increase the popularity and cryptocurrencies users in that country and i think this is good effort from them while many countries does not like the popularity of cryptocurrencies but they open their mind to accept crypto

liamnorthcoins

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Quote from: GBCrypto1 on June 28, 2018, 04:29:17 AM

South Africa is set to launch the first fully functional bitcoin ATM in the nation. Way back in 2014, the country had launched a similar ATM. But the ATM wasn't fully operational and had to be shut down. Read on to know more!

Source : https://coinfrenzy.io/south-africa-bitcoin-atm/

This is supposed to be good news if it was pushed through. Surely if this was fully functional this would have helped so much the economy of South africa especially that the market of bitcoin and cryptocurrency was in peak last year and hopefully this year could catch up or even higher..The South africaN government must rethink and do something about to put this project back and operational!

farnandezetn

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Thank you for the article. I hope that this time they will be able to make it perfect. As it is a very good project of fully functional Bitcoin ATM. I believe that it has a very good future.

suzanne5223

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The launching of the first fully bitcoin ATM in South Africa will boost the level of crypto currency in Africa and I will be more than happy if everything went out all well cause I heard South Africa was also among the crypto currency friendly county in Africa.

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