Bitcoin is getting more adopted in my Country

[Reatim]

                      ~snip~

Actually, I haven't used it yet; still anticipating. However, the ATM location is distant from my exact location (maybe an 8 hours drive). But if I get to use it in any way, I'll still give a review based on what I experienced.

i thought you have actually used the machine the way i read your thread lol,but anyway that is too far 8 hours drive.

another question is Does your country has no Banks that offers Crypto atm's?i mean like in my country that there are some banks who has given us cryptonians privilege to use their machines.

but thanks for always sharing your thoughts and experience to us here,it really motivate us more.

[AniviaBtc]

                      ~snip~

Actually, I haven't used it yet; still anticipating. However, the ATM location is distant from my exact location (maybe an 8 hours drive). But if I get to use it in any way, I'll still give a review based on what I experienced.

i thought you have actually used the machine the way i read your thread lol,but anyway that is too far 8 hours drive.

another question is Does your country has no Banks that offers Crypto atm's?i mean like in my country that there are some banks who has given us cryptonians privilege to use their machines.

but thanks for always sharing your thoughts and experience to us here,it really motivate us more.

It is very hassle for us bitcoin users to adjust because here in our country, cryptocurrency is not yet fully adopted and regulated that's why we are having a hard time using it. Otherwise, we will move to a country that's fully adopted the cryptocurrency like Turkey, Singapore, and etc. If that's the only way because i'm pretty sure that it will take too long before my country approves to use it in a daily basis. As people here who uses cryptocurrency increases, the more people here are going outside of this country to completely use it. Most of the ATM's here are only using fiat currency that's why if you're a fan of crypto then you should make your own way.

[panganib999]

That is one downside of an Bitcoin ATM, the fees are very high, I checked https://coinatmradar.com/countries/ and it seems that it is not listed yet, so this is fairly new in Nigeria. We have two in my country, we just have one as well this year and pretty much bitcoin is gaining ground here but I'm not sure if people are really using this ATM's around.

That's how the government get their profit, it is by increasing the transactions fees. They know that the cryptocurrency will make their economy grow due to a large impact of it to the people. Government knows that the mass adoption in bitcoin is constantly increasing and maybe soon, more country will do that.

More country will allow their society to use cryptocurrency but they will make the transaction fees very high. In our country, it is hard to access bitcoin wallets because it is not completely allowed by the government. Most especially thay they are not that knowledgeable about the impact of cryptocurrency in our economy.

People are always wondering how will it become implemented in our society to use crypto freely.

[maydna]

Wow! That's cool if you'd ask me. Well, I never knew about bitcoin ATMs let alone know that some countries have "several" of them.

I never knew it too

It still hard to find bitcoin ATM here, but I heard that ATM available in other cities, which is far away from my home. I don't want to go to that city just to try the ATM because that will cost me big money to visit in that city.

But if in my city, one or more bitcoin ATM installed, perhaps, I will go to that place and try the ATM because that can give me experience in using the Bitcoin ATM. I am sure that if bitcoin get more popular than now, we will see many bitcoin ATM will be installed in many country and city so people who have bitcoin can try to use that ATM.

[xvids]

It is a great news more and more country are accepting and adopting it.
It would be great to see more of Bitcoin ATM in the future and be like a normal ATM.
Just imagine how easy it would be for us crypto earners to convert our BTC into Fiat with those ATM.

[Chris Barth]

Here in India, we are waiting for courts judgement against RBI's banking ban, hopefully it comes positive and will pave a way for adoption!

I heard about this. Don't worry, I just have this thought that once everything is settled, you all will be glad cause it will come out positively.

[Assface16678]

It is a great news more and more country are accepting and adopting it.
It would be great to see more of Bitcoin ATM in the future and be like a normal ATM.
Just imagine how easy it would be for us crypto earners to convert our BTC into Fiat with those ATM.

One of the fastest-growing transactions today is with the use cryptocurrency, and most of the people are using now the bitcoin for transaction payment. That was good to hear that your country now is accepting the use of cryptocurrency because it is not less hassle to the people who have a lot of coins, and they want to pull it out and convert into fiat without doing too much transaction that lessens the money of the people. For now only few countries are accepting the use of it because most of them does not support the use of crypto because the market of it are volatile and also it is not accepted for holding too much number of users and security and still they need to implement a law to make a transaction limited to avoid having market problem.

[bitbunnny]

Here in India, we are waiting for courts judgement against RBI's banking ban, hopefully it comes positive and will pave a way for adoption!

Hopefully you'll get a good news.
But in general I think that in general policies and attitude towards Bitcoin and cryptocurrencies in whole are getting more flexible. Governments are their authorities have soften their view towards Bitcoin, especially those in western hemisphere and I hope that many countries would follow such example.
Bitcoin and cryptocurrencies in general can't be avoided anymore, the question is only how they will be integrated.

[Innerpumper]

BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).

I live in Indonesia. Although not entirely bitcoin has the right to use here, at least Bitcoin can already be used as a combination that is very beneficial for the big businesses my company. In fact, I already have some projects that are in the same in Blockhain technology. And they are also projects that are quite superior in the outside and in the state. Bitcoin is only not allowed when we make transactions in cash. However, Bitcoin was passed as a futures investment in Indonesia.

[Mulann2]

I feel very inspired right now. I just came across a video in which there's a Bitcoin ATM in the country! I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).

Why is the machine in a secluded area? i think it would have been better to be in an open environment where as many people can see it, wherever that machine is in Nigeria, i doubt many people can see or take a note of it, anyways i never thought there would be a btc ATM in Nigeria at all, at least that should count for something, i guess this will make the few people who would come in contact with this machine curious and want to know more, so yeah, it is another step of spreading the btc awareness.

[ChrisPop]

Back in the days when crypto markets were going up like crazy seminars were held constantly in my city and country. Now you rarely see one, but I might just look to find some sponsors and organise some meet-ups. Thanks for the inspiration!

P.S. ATMs are multiplying in my city as well, especially in malls.

[davis196]

I feel very inspired right now. I just came across a video in which there's a Bitcoin ATM in the country! I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).

Opening only ONE Bitcoin ATM doesn't mean mass adoption.It doesn't mean anything,if you ask me.
Congrats on the ATM,but I don't think this news deserves much attention.
Anyway,It would be nice if there's more info about bitcoin posted somewhere around the location,where the ATM is installed.It's free local advertising of Bitcoin after all.I hope that more people in Nigeria would start using Bitcoin.

[Oasisman]

That is one downside of an Bitcoin ATM, the fees are very high, I checked https://coinatmradar.com/countries/ and it seems that it is not listed yet, so this is fairly new in Nigeria. We have two in my country, we just have one as well this year and pretty much bitcoin is gaining ground here but I'm not sure if people are really using this ATM's around.

I'm not gonna use Bitcoin ATM's tbh. I can always opt to use direct transfer to my bank or instant cash out through remittances using the local custodial wallet.
Bitcoin ATM's withdrawal/purchase fees are quite high compared to the local wallet's cash in/cash out options.
Though, these ATM's can help Bitcoin adoption, but I don't think it could be used by a lot of people.

[carlisle1]

Yeah, in my country quite a few people are aware of crypto but it is still considered as a way of doing some shady business.

if its Ok can you share some thoughts about that Shady Businesses?because we are in right computer age now i think everything in Internet knows good and bad about businesses here so how come that Bitcoin become in shady part?and besides it is your call to let your people know about the good things about bitcoin and not just the negative things.

Here in India, we are waiting for courts judgement against RBI's banking ban, hopefully it comes positive and will pave a way for adoption!

RBI issue has been there for long time,yet Indian cryptonians still struggling to be accepted by the government.and yeah hopefully soon you'll find the Good results.

[davinchi]

Here in India, we are waiting for courts judgement against RBI's banking ban, hopefully it comes positive and will pave a way for adoption!

Hopefully you'll get a good news.
But in general I think that in general policies and attitude towards Bitcoin and cryptocurrencies in whole are getting more flexible. Governments are their authorities have soften their view towards Bitcoin, especially those in western hemisphere and I hope that many countries would follow such example.
Bitcoin and cryptocurrencies in general can't be avoided anymore, the question is only how they will be integrated.

Even several governments might find their own benefits from cryptocurrencies. There was time when bitcoins were not been used legally and most of the people who were been linked with bitcoins were been treated as criminals but times have changed now. People who are linked with cryptocurrency transactions might also work for the betterment of the firm and this might even benefit the governments.

Moreover, large scale projects have started paying tax even though they run on blockchain networks so the government can keep a track on those funds. This is changing a lot of things and I am sure that various governments would start regulating bitcoins by making some minor changes into the network.

[dongosquad]

~
BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).

That's pretty good progress. The existence of a bitcoin ATM means as a form of the many levels of transactions and requests, so it is placed in your country.
Well, the latest development in my country is that Bitcoin is recognized as a trading commodity, some well-known exchanges here are starting to register with official institutions that regulate trade. This is good progress, I think because it proves that bitcoin and other cryptocurrency are not entirely dangerous because the government also gives official permission for exchanges operating here.

[Gladiator25]

I feel very inspired right now. I just came across a video in which there's a Bitcoin ATM in the country! I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).

I'm glad to see that bitcoin is now slowly getting be adopted by many countries. All the people who are tireless in explaining the concept of bitcoin to other  non-crypto people, their efforts are now being paid off. In case of our country, they know about this cryptocurrency thing but they don't care and they just keep telling their citizens to be careful in using cryptocurrency.

[Jercyhora2]

I feel very inspired right now. I just came across a video in which there's a [/b]Bitcoin ATM in the country!  I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).

The news about the Bitcoin ATM is not new in the news. There will be huge advantages of bitcoin when that news popped up in nowhere. But I think its not the thing. Bitcoin will surely be adopted globally, its only waiting for a great catalyst for it to explode in an instant. There's so many fundamentals that we should look at. Like ETH blockchain 2.0 . And other leading crypto currency like XRP.
Including the natural news coming, like corona virus spread. Overall, Bitcoin will hit its dynamic price we only don't know when, and we still waiting for that the fact that theres so many people trying to predict its coming price that cause people to believe and make them buy in that causes sudden pump on the market.
And most of us are waiting for bitcoin halving, thus it attract investor in? We'll see.

[ekans45]

I feel very inspired right now. I just came across a video in which there's a Bitcoin ATM in the country! I feel so glad to see how Bitcoin is getting adopted. This proves that after all, our promotion of bitcoin is helping in spreading the news. And we aren't planning to stop the promotion anytime; we're even planning to hold more seminars to help people know about bitcoin. Now, one of the advantages of this Bitcoin ATM is that anyone who doesn't know what Bitcoin is and sees it would ask what the machine is used for, and from there, it just keeps spreading!!! Watch the video here to see how it works. BTW, What progress is happening in your country? If none then try doing more in favour of bitcoin (for countries that find bitcoin legal).

I don't really see it as adoption, it's more like enabling the Nigerians to get some BTC in an easier manner. A little but sweet development for BTC in your country, and I'm happy to know you've now got an option to purchase and sell in a physical way.

It is just the beggining maybe we cannot literally say that it was an adoption, if more and more people become aware about bitcoin they will probably try to buy some of it and maybe share the news with their friends or in social media. In this case we can generate mass adoption and finally if more and more people buy bitcoins to the price of bitcoin will go up.

[naseem_essa]

I wish it was the same for me. Streams to purchase bitcoin are limited/expensive, and regulation is very unclear on how its taxed etc
The very vague way in which its mentioned from time to time in parliament and misconceptions which aren't challenged mean that many do not wish to put in the time to research bitcoin and cryptocurrency in general