Cryptocurrency ATM installed in Zimbabwe

[Kingairdrop]

That's some very interesting news from Africa, a lot persons do not think that Africa is a part of the bitcoin and crypto currency revolution, but Africa is very much in. Nice one from Zimbabwe..

Rightly said, a time will come when Africa as a continent will adopt blockchain technology fully and it will become part of our daily lifes. Zimbabwe as set the stone rolling, i see other African countries joining them.

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[F$m@nia]

Zimbabwe is also looking ahead to implement the blockchain technology in their banking system.

[greengate01]

Currency is not responsible for inflation.  Economic / market / industrial / trading / financial are so many reasons which are responsible behind inflation.  Negative trust over the Nation's economy triggers or shoots up inflation.  So if we talk about inflation; we have to solve economic and social problems not mere change of currency will solve the issue.
Bitcoin ATM installation is welcome in Zimbabwe.  This will definitely be advantageous to foreign tourists using bitcoin.  Because they will not have to convert their currency to Zimbabwean currency which is weakening always.  They will have no worry for inflation.
But as far as the citizens of the country; there may not be any change in their economic problems due to bitcoin.  Because if production is low, there is unemployment, low business, low agriculture growth,, lesser exports, more imports what bitcoin will do in it.  It is the people of Zimbabwe and the Government who have to take effective positive steps, work hard to change the negative conditions to positive conditions.

This is a big news that ATM were already installed in Zimbabwe.This would be a great help if this can also be inatalled smoothly to all countries.

[Mandarava]

Good news. Africa is gradually beginning to adapt to the use of crypto currency. This means that soon the same ATMs will appear in other African countries.

[James Smithh]

It can be said that Zimbabwe is a rare country in Africa to invest in 2-way bitcoin ATMs, previously only in a few other countries such as Botswana and South Africa. It is located in the Golix Customer Support Office located in the business district of Harare, Zimbabwe. Users can access this bitcoin 2-way ATM on weekdays from 8am to 3pm, in the future will deploy access to 24-hour access.

[Shirley Monizz]

Yes, as far as I know, Zimbabwe has officially launched the first two-way ATMs that can buy and sell bitcoin and litecoin easily.
This is a really great thing.

[dalvitka]

Bitcoin can become a currency for a country that has lost its own money due to currency inflation and will also bring positive mood to the bitcoin market.

[javascript1539]

Bitcoin has become an international currency at this time. This can enhance the bitcoin reputation in economic discussions.

[EmmaBen]

This is an awesome development and clearly shows that the bitcoin revolution is not border constrained. This will open up new opportunities in Zimbabwe where this revolution has begun. Good news here.

They may have taken a bold decision by adopting cryptocurrency but it is still early to say whether the move is "awesome" or not. The reason for this argument is because cryptocurrency as it is now is still a form of experimental money, and because of this, its future is largely perceived to be uncertain. So basing a national economy on an experimental form of money means uncertainty in the economic progress of such a nation.
While it remains a good thing to embrace the dynamism of time, one should do that in prudent transition.
And I hope the Zimbabwean economic management body takes note of that.

[ansarose1]

Bitcoin industry was so popular nowadays, since many people are making it know to the world, by promoting bitcoin projects and advertising it. This is one of the results of some hardwork by the investors, traders and also bounty hunters. Everybody's work are counted for the development of bitcoin and cryptocurrency.

[Mrengage]

Currency is not responsible for inflation.  Economic / market / industrial / trading / financial are so many reasons which are responsible behind inflation.  Negative trust over the Nation's economy triggers or shoots up inflation.  So if we talk about inflation; we have to solve economic and social problems not mere change of currency will solve the issue.
Bitcoin ATM installation is welcome in Zimbabwe.  This will definitely be advantageous to foreign tourists using bitcoin.  Because they will not have to convert their currency to Zimbabwean currency which is weakening always.  They will have no worry for inflation.
But as far as the citizens of the country; there may not be any change in their economic problems due to bitcoin.  Because if production is low, there is unemployment, low business, low agriculture growth,, lesser exports, more imports what bitcoin will do in it.  It is the people of Zimbabwe and the Government who have to take effective positive steps, work hard to change the negative conditions to positive conditions.

Well said, am seconding your point

[Mrengage]

This is a welcome develop and should encourage other Africa country like Nigeria... The adoption is there when people see the ATM  it will bring more awareness with adoption of the technology as well

Many people in my country(Nigeria) still see bitcoin as a ponzi scheme a machine will make them see that this is a serious project

[gesdan]

damn i want that the bitcoin ATM or cryptocurrencies ATM is installed in my country too, maybe if there are many Bitcoin ATM in the country it makes people, buyer, seller will use bitcoin as their payment system and makes the bitcoin more popular than before

[marcbitcoins]

So It is now clear that Zimbabwe is really supporting Crypto currency investment because of this development in which favor the Bitcoin. We just hope that Crypto will help their economy to become more strong and stable so that the other African nations will also support this investment.

[Chrissanth5524]

Surprisingly, another country accepts the operation of electronic money. Well, installing ATMs for Crypto is a great move because in that you can easily withdraw your money.

[menammeo]

Zimbabwe is a rare country in African countries that invests in this machine. Previously, bitcoin ATMs were only available in a few other countries such as Botswana and South Africa. Located in the Golix Customer Support Office located in the business district of the capital city of Harare, Zimbabwe, users can access this two-way bitcoin ATM on weekdays from 8am to 3pm, will be deployed within 24 hours. Golix's COO states that one of the purposes of bringing ATMs to the country is to provide new customers with a simple crypto market. , the easiest way to buy bitcoin as well as other coding currencies. In fact, many Zimbabweans still do not understand the value of the digital currency or in case they prefer to own bitcoin but encounter Obstacles due to lack of knowledge of this advanced technology. Obviously, two-way ATMs in Zimbabwe will meet the need to make the purchase of pre-encoded money closer to more people, people can access better technology. The new Bitcoin update shows that the currency has gained momentum after a crisis, which is a good sign, and also shows that the bitcoin attraction has never really diminished.

[Arthurian60]

These ATM machines been installed in Zimbabwe is a good thing but Zimbabwe a remote country. While we can't count them out, we should be realistic. Most of the people there wouldn't use it. In a good a way,  the ATM machines will help to spread the word of Bitcoin to all persons.

[Wingleness]

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.

Gradually the global world is embracing the technology now though they were skeptical about it few years ago. Slow and steady, Bitcoin is changing the world and reaching every heart.

[Cryptoreflector_666]

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.

How do these ATMs work? People can cash bitcoin and cryptocurrency directly in them, without intermediaries and banks? This is weird. I will try to study this issue as deeply as possible, but it seems to me that you are confusing something. Recently, I read about the legalization of cryptocurrency in some African countries, but about the installed ATMs for the first time I hear. Thanks.

[Thomson-Winter]

In many countries, ATM coins have been set up, and in my country of residence there are also ATMs but I have not had a chance to try it.