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Author Topic: Cryptocurrency ATM installed in Zimbabwe  (Read 1145 times)
StuartJonson
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June 12, 2018, 05:42:31 AM
 #41

This news prove that bitcoin is coming to take its control all over the world.
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June 12, 2018, 05:54:17 AM
 #42

a great development, and very helpful for the people of Zimbabwe and this can raise the price of Bitcoin itself.

but maybe for inflation it is difficult to control, because Bitcoin can only be a medium of exchange, but hopefully in the future Zimbabwean state can stand upright like before.

I doubt that one bitcoin ATM can affect the price, but Its sure a good news when bitcoin is spreading on all continents. Africa is very populated continent, they have a lot of resources if they manage to combine blockchain and their resources they can escape from poverty.
Africa can be one of the leading forces od blockchain in the future, they have man power, they have resources, they have so many deserts where they can build renewable sources of energy, they can build miners. If they manage to organize all that then they will push the price of bitcoin very high. But only if they agree and do something all together, whole continent, only like that they can affect blockchain on larger scales.

I certainly agree with it. Although they have lots of resources whether man powernor technology, still it cannot be compared when it comes to the situation that the government is involve, it is really hard. Also if they pushed something to be done then it will really work out.

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June 12, 2018, 06:03:56 AM
 #43

a great development, and very helpful for the people of Zimbabwe and this can raise the price of Bitcoin itself.

but maybe for inflation it is difficult to control, because Bitcoin can only be a medium of exchange, but hopefully in the future Zimbabwean state can stand upright like before.

I doubt that one bitcoin ATM can affect the price, but Its sure a good news when bitcoin is spreading on all continents. Africa is very populated continent, they have a lot of resources if they manage to combine blockchain and their resources they can escape from poverty.
Africa can be one of the leading forces od blockchain in the future, they have man power, they have resources, they have so many deserts where they can build renewable sources of energy, they can build miners. If they manage to organize all that then they will push the price of bitcoin very high. But only if they agree and do something all together, whole continent, only like that they can affect blockchain on larger scales.

it is not just about the ATM and how many of them there are. it is about what the installation of that one ATM proves. and that is the fact that there was enough demand in that particular place that they had to install an ATM for people to use. in other words it shows that bitcoin adoption is still growing and it is growing fast in places like Zimbabwe. and that growth is going to affect the price and this effect is not going to be in short term. the adoption effects are always visible in the long term. in short term the manipulation is dominant force.

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June 12, 2018, 06:09:58 AM
 #44

this is very good news, hopefully bitcoin or crypto can solve the inflation problem there, and can help also the economy in Zimbabwe country, and I hope also crypto ATM in pairs also in all countries that have legalized crypto.

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June 12, 2018, 06:22:22 AM
 #45

Wow Shocked I just found it, cryptocurrency is growing. This is proves that crytpocurrency not only for developed countries but for all countries and community. I still hope Indonesian (my country) can application this technology like Zimbabwe Smiley

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June 12, 2018, 06:26:42 AM
 #46

Its quite a good gesture that crypto is gaining recognition across the borders, now this is the time for Africa and Zimbabwe seems to be among the African Nations embracing BTC, this is a good development as the Bitcoin Gospel needs to be spread far and wide
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June 12, 2018, 07:04:21 AM
 #47

https://www.iol.co.za/business-report/international/cryptocurrency-atm-installed-in-zimbabwe-14459889
INTERNATIONAL - Cryptocurrency exchange platform Golix has decided to  install a Bitcoin and Litecoin ATM in Harare.

Zimbabwe has a growing interest for cryptocurrencies as well as other countries in the region.

Zimbabwe is a country that was not able to deal with its own currency. The inflation rates reached 79.6 billion percent in 2009, the highest in the world. The 2-way ATM was activated in the first week of April in order to attend the growing demand for these virtual currencies.

Different countries in Africa have decided to deploy crypto-ATMs in their states.

At the moment, only Zimbabwe and Djibouti have functioning crypto cash machines. Zimbabwe had to switch to US dollars due to the fact that its currency suffered from severe inflationary problems. Bitcoin and Litecoin could help Zimbabwe to face the current problems the economy has by providing a trustful means of exchange to the population. The situation is not better years after the inflationary peak.

I think this is one of the good news that I have seen today, but in terms of security, in my opinion, I think their government cannot guarantee the safety of the Cryptocurrency installed in their ATM.
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June 12, 2018, 07:09:51 AM
 #48

https://www.iol.co.za/business-report/international/cryptocurrency-atm-installed-in-zimbabwe-14459889
INTERNATIONAL - Cryptocurrency exchange platform Golix has decided to  install a Bitcoin and Litecoin ATM in Harare.

Zimbabwe has a growing interest for cryptocurrencies as well as other countries in the region.

Zimbabwe is a country that was not able to deal with its own currency. The inflation rates reached 79.6 billion percent in 2009, the highest in the world. The 2-way ATM was activated in the first week of April in order to attend the growing demand for these virtual currencies.

Different countries in Africa have decided to deploy crypto-ATMs in their states.

At the moment, only Zimbabwe and Djibouti have functioning crypto cash machines. Zimbabwe had to switch to US dollars due to the fact that its currency suffered from severe inflationary problems. Bitcoin and Litecoin could help Zimbabwe to face the current problems the economy has by providing a trustful means of exchange to the population. The situation is not better years after the inflationary peak.
The installation of crypto-atm is a good way of acceptance in zimbabwe. Likewise, crypto is a blessing for them that it has been a helping hand for them in their economy. Bitcoin will be as another option to earn aside from their current currency which is unstable
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July 02, 2018, 08:56:41 PM
 #49

Same here in my country Nigeria, Cryptocurrency ATM was installed in JOS Town, it is  really a step for Bitcoin, I think the idea will bring more adoption of bitcoin
ClaytonLWils
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July 02, 2018, 09:20:58 PM
 #50

This is really a great news for both crypto industry and Zimbabwe economy. I guess that people will now get involved in the market and it will grow market circulation. As a result crypto market will get some stability and the inflation rate over there will fall down remarkably.

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July 02, 2018, 09:59:27 PM
 #51

This is getting incredible because it seems with each blessed day the crypto community is getting bigger and bigger. Quite recently it was Kenya who had installed ATM machines that run on bitcoin. I hope other African nations would follow suit to grown this community.

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bere1993
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July 03, 2018, 08:07:27 AM
 #52

what a great news? We all know that zimbabwe has recorded the worst level of inflation of modern history. They have lost their own currency during inflation. I think bitcoin has become a savior for Zimbabwe. Bitcoin has become an international currency.Bitcoin can help nations like zimbabwe even in their worst situations. Whole world should open their eyes and should give the proper place for bitcoin.
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July 03, 2018, 08:40:00 AM
 #53

I hope that this could trigger other countries to take the same stance with Zimbabwe. So it can further increase the popularity of bitcoin. And finally, what is the purpose of creating bitcoin will soon be achieved

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July 03, 2018, 09:07:06 AM
 #54

This is really a great news for both crypto industry and Zimbabwe economy. I guess that people will now get involved in the market and it will grow market circulation. As a result crypto market will get some stability and the inflation rate over there will fall down remarkably.

I wonder what effect the installation of ATMs will have on the economy or high inflation of the whole country. In my opinion, very small. The infaltery will not be reduced only due to the launch of several ATMs. The good side of this is that more and more countries offer the possibility of paying btc from ATMs.
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July 03, 2018, 09:21:05 AM
 #55

It's a good news, according to the article I read zimbabwe has not been producing its currency since 2009, this is due to the ever-increasing inflation and making the dollar controlled the country, hopefully with the increased interest of Zimbabwean community on cryptocurrency can reduce the economic crisis that occurred
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July 03, 2018, 09:23:28 AM
 #56


I would love ecommerce ATMs, you find it very perfect, Hopefully closer to the presence of Bitcoin in Zimbabwe can promote the economy of the people, and certainly it has It is easier to open up the commercial social door of the economy
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July 03, 2018, 09:28:25 AM
 #57

Zimbabwe is the third country after South Africa and Kenya that build bitcoin atm, this is a good development and most likely will be followed by many countries in the continent of Africa
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July 03, 2018, 09:33:53 AM
 #58


I would love ecommerce ATMs, you find it very perfect, Hopefully closer to the presence of Bitcoin in Zimbabwe can promote the economy of the people, and certainly it has It is easier to open up the commercial social door of the economy

ATMs are handy for people who don't want to be buying bitcoin online and they're also good promo for cryptocurrencies as they're like a physical billboards raising the awareness of crypto

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July 03, 2018, 09:37:23 AM
 #59

This news prove that bitcoin is coming to take its control all over the world.

Zimbabwe is really going through financial turmoil from past few years. Infact their own national currency was dissolved some time back and they are using Dollar now as their currency does not have any value. So btc could act as an another currency for them and a better option.

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July 03, 2018, 09:42:01 AM
 #60

This is good news. We should hope that ATM Bitcoin is built in more countries. If this is true, then Bitcoin is probably the most successful and popular in the world

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