Cryptocurrency ATM installed in Zimbabwe

[warning_btc]

Its good news for crypto and Zimbabwe also, this country reminds me of some financial problems with national currency

[Bill205]

News like these shows us how far bitcoin and other cryptocurrencies have gone and the level of penetration it has is impressive, it is only a matter of time before all countries will have cryptocurrency ATMs everywhere.

[freesia_pnp888]

do they ever need it cuz so far i know that their currency is terribly low and almost useless, but i hope bitcoin could help them out a bit

[MCJamison1987]

one more constructive development

[WesternCowboyBibop]

Perfect news, I really hope that bitcoin and other cryptos atm can installed over the world.

[cloudproject]

wow that was a nice news that news development of bitcoin uses in any country that will bring the poppularity of bitcoin itself, hope it can relase in many country and still many people will also intresting on it

[TTITA]

Good news for people in Zimbabwe regions. Hopefully with closer of the presence Bitcoin in Zimbabwe regions can boost the economy of the people, and surely it can be easier to open the gates of the economy's commerce society to the digital world.

[Violet_Imps]

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.

That's great! We have over 300 here in California, which gets crypto out there and makes it tangible for those like me who feel the need to have something to show for it. Super excited for Zimbabwe!

[extrimals]

This is interesting news. I doubt that this ATM will be in demand. Or is it a method to lure tourists and bitcoin owners to this country. Even in Zimbabwe has an ATM and in my country there is no

[Gufeng]

It is always great to hear news from that part of the world, I heard about whole city, that is functioning on the Ethereum payments there

[Gtrust233]

hope it will be more countries

[Fawez]

Also in Johannesburg in South Africa, everyone will have the opportunity to buy Bitcoins with cash from this weekend thanks to the launch of one of the Bitcoin machines (if not the first) in Africa.

As you may know, the African continent's banking network is not yet sufficiently developed (it is estimated that 135 million people in Africa have no bank accounts) and many of them in the Bitcoin community believe that the presence of Bitcoin in Africa could have a positive impact on the local population.

[walemil]

This will be great if true because there was a contradictory news from Zimbabwe in the sense that the country's reserve bank order the other banks not to process any cryptocurrency related transactions. The country's currency suffered a lot to inflation and it will be good if they can see cryptocurrency option as a step in the right direction.

[Violet_Imps]

As you may know, the African continent's banking network is not yet sufficiently developed (it is estimated that 135 million people in Africa have no bank accounts)

This is an opportunity to develop Africa by basically 'banking the un-bankable' and tapping into the potential investors that African has.

[Chicryptomama]

For a country that has no exact fiat currency of its own,the introduction of a bitcoin ATM machine will allow crypto enthusiasts insert us dollars which are then converted to the volumes of bitcoin that they want.This is a good step geared towards the right direction.

[aiviaa485]

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.

[taksrkanah]

I think this is good news, maybe open the eyes of people who say bitcoin fraud, bitcoin instead of currency, bitcoin is just a pyramid scheme, in this way people will know that bitcoin is useful for real world. And with ATM bitcoin, ordinary people would be easier to buy bitcoins in small quantities without the risk of being cheated by intermediaries.

[zelenkova]

In the African countries very large inflation due to strong and not under control corruption! In these countries, crypto coins have become very popular! for residents of these countries, it is very important to have an alternative currency that will not be strongly supported by inflation! I'm not surprised that the first ATMs will appear in these countries!Bitcoin is a glitch of hope for preserving your savings! I am sure that with the arrival of the crypto market in African countries, they will change the economic situation in these countries! Now the development and distribution of the crypto market takes place in large steps, in a few years the crypto-ATMs will be around the world and on every corner! In a few years we will not even notice the arrival of these ATMs! there will be a feeling that these crypto ATMs have stood here for life! the world is changing very quickly, the existing business and the country, very quickly must adapt to the changing world!

[iv4n]

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.

[chriskins]

It's a good one, if only it will be used effectively and respectfully for the purpose it was created and installed for.
It will boast the knowledge about the crypto world.