Bitcoin ATM Machine in Nigeria.

[HadaMichiko]

is the ATM machine safety? in my country they don't use bitcoin like that. they just buy things in the website or face to face

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[basyang]

Bitcoin is a digital currency that is decentralized with no regulatory control. Over the years a number of Bitcoin ATM boot have sprang up in some developed and emerging economies. Since bitcoin is a digital currency I don't understand the rationale behind the creation of bitcoin ATM with so many crypto exchanges around the globe.
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?

Wow. Its good to hear but there is also a negative effect of it in the society. ATM machine is anywhere, we can see it in every banks corner. Its my first time to heard about negiria's bitcoin ATM. It means the crypto there is fully accepted. Many people are still curious about this thing because there is many questions in our mind but we could not also know how to answer.

[Batuta]

That is not new, i've seen some people posting on social medias a photo of Bigcoin ATM machines located at Japan, Korea  and China one year ago.

[cpoer2011]

That's great if there is Bitcoin ATM Machine in Nigeria. That's mean in Nigeria people aware of Bitcoin and it will grow up every day. The Bitcoin community will grow up as well and I hope there will be more Bitcoin ATM around the world.

[calandra78]

That is not new, i've seen some people posting on social medias a photo of Bigcoin ATM machines located at Japan, Korea  and China one year ago.

Bitcoin ATMs are installed in many countries in the world. Current distribution of installations across the country can be found on the Bitcoin ATM number chart by Continent's State ATM or Bitcoin installation.

[Thyristor]

Bitcoin legalize in Nigeria? Bitcoins ATM machine setup possible only btc friendly country and i think randomly it's setup very difficult because btc banning countries not deserving it. Nigeria not a btc regulated country i think, but it's business is very popular in this country.

[Kocret02]

Nigeria is one of the countries in Africa that dare to legalize bitcoin if it is true they apply bitcoin atm. maybe it has a good impact on the country so I think it's a good thing and the country of Nigeria can participate in developing bitcoin.

[coinwizard_]

For reasons unknown there are many scams originating from Nigeria, not crypto related but phone and email scams. An atm machine there will help with legitimate and immoral purposes, either way it will do well

[OSEIBOATENG]

Bitcoin ATM machines has been one of the innovations that has really helped the world the cryptocurrency world in every dimension and this is because it has made withdrawals very easy even for the laymen. 

[karloscimot]

I feel very happy, bro. there is a bitcoin ATM machine. Hopefully this will be a fresh breeze for bitcoin so that the name Bitcoin and Bitcoin enthusiasts will increase. as well as the price of bitcoin is getting better soon

[Iceblast]

this is a big change for a country in the African continent to dare to speculate by giving atm machines. I think maybe if in Nigeria the government had legalized crypto and dared to think about speculation in the future so it would affect the presence of atm machines in Nigeria.

[hulla]

Nigeria is one of the countries in Africa that dare to legalize bitcoin if it is true they apply bitcoin atm. maybe it has a good impact on the country so I think it's a good thing and the country of Nigeria can participate in developing bitcoin.

I believed this news is baseless cause there no proof that some Bitcoin ATM was indeed implemented in Nigeria and the last time I checked their government don't totally support or ban cryptocurrency but they called it gambling. However, the OP of this thread was asking about the organisation behind the setup of cryptocurrency ATM machine and what will be the benefits if one is setup in Nigeria.

[akungagal]

i think the benefits are to help Nigerian people to buy Bitcoin legally, directly and quickly. Surely it will be more practical than before. because as i know, Nigeria is one country that uses Cryptocurrency and bitcoin for their businesses and encourages cross-border trade and payments.

so, bitcoin ATM will help to simplify their work.

[Kasliono]

Bitcoin is a digital currency that is decentralized with no regulatory control. Over the years a number of Bitcoin ATM boot have sprang up in some developed and emerging economies. Since bitcoin is a digital currency I don't understand the rationale behind the creation of bitcoin ATM with so many crypto exchanges around the globe.
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?

First of all, bitcoin ATM is not a new thing. And the main purpose of bitcoin ATM has been made to make easy transaction to change our money into bitcoin. In my opinion, the organisation which is responsible to setup this ATM machine is the organisation which from an exchange or market. And absolutely the benefit is the market will get more user and also can get fee from the user.

[Cryptogames999]

Decision has a positive effect
But let's be realistic
Nigeria is a poor country and its digital currency market is small

We need such decisions in other countries

So Nigeria had a Bitcoin ATM Machine? I ahev never seen them in our Country, but looking later to utilize.

[maulana rifai]

Nigeria is one of the countries in Africa that dare to legalize bitcoin if it is true they apply bitcoin atm. maybe it has a good impact on the country so I think it's a good thing and the country of Nigeria can participate in developing bitcoin.

there is a great bitcoin ATM that will certainly help the local community to make transactions. with bitcoin being easier to use, more and more people will believe in bitcoin and I'm sure many people will hunt for bitcoin.

[frowsiter]

Bitcoin is a digital currency that is decentralized with no regulatory control. Over the years a number of Bitcoin ATM boot have sprang up in some developed and emerging economies. Since bitcoin is a digital currency I don't understand the rationale behind the creation of bitcoin ATM with so many crypto exchanges around the globe.
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?

Benefits mate, benefits of setting it up!

Any person who has set it up will earn some commission whenever the machine will be used by other traders. Also the importance of ATM machine is that you dont have to go online, open up your wallet and deposit fiat money over it, wait for its confirmations and then buy your desired currency.

Well, when you will be using an ATM machine you will have advantage of doing it almost instantly. You can deposit the cash at the machine and buy the desired currency with few clicks.

[harimauagam]

there must have been a lot of people to do bitcoin transactions in the country because the atm has been set in that country and very many people invest in it.

[doodle07]

This is a great development in the crypto community, it slowly embrace by the people and use it. Bitcoin automated teller machine is such an awesome idea to reach some countries that have interest in bitcoin. Its an improvement that will continue to spread in the whole world.

[proTECH77]

Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?

Some major organization responsible for the production of ATM machine are sa follows to mention but few:
1] Bitaccess :: Read more about them: https://www.crunchbase.com/organization/bitaccess
2] COVAULT :: Read more about them: https://covaultbtm.com/blog/best-bitcoin-atm-machine

As we all know that, most country in Africa are underdeveloped and Nigeria is among them, so, there is no point of mounting Bitcoin ATM Machine in a country were the said Bitcoin is not embrace by the Government, is of no advantage to such country.