Bitcoin is getting more adopted in my Country

[Chris Barth]

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).

[20kevin20]

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.

But considering the population of Nigeria, the pretty bad economy situation out there and the country's size (~4x larger than Romania, the country I live in), I believe most people will still head towards online exchanges. It's just more convenient. An ATM will obviously help though and is better than nothing. Here we have quite a few ATMs but I still feel like there aren't enough & the fees are pretty large (speaking about the withdrawal fee), nor are there enough shops yet. I still have to find European merchants if I ever want to buy anything with it.

EDIT: I've checked a few websites and apparently the only BTC-related thing you can find in Nigeria is this new ATM and a few online exchanges. I think I'm too used to hearing about new ATMs and I just didn't notice & understand that they literally don't have any BTC service over there. With that being said, I'm glad to know the crypto community out there got a little boost with this ATM.

[Chris Barth]

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.

Lol, your perspective tho. However, it is clearly adoption because if it is not being adopted by the people in the country, why then would someone bring a Bitcoin ATM?
Well, I believe that an analysis was done and observing that people are moving into cryptocurrency, hence the step was taken.

[khaled0111]

In my country there are many crypto enthusiats and bitcoin users especially among the young generation.
The main problem is there is no clear legislations regarding the use of cryptos. Therefore, no one would take the risk of buying a bitcoin ATM as it can be seized by authorities.

[btc_angela]

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.

[Chris Barth]

In my country there are many crypto enthusiats and bitcoin users especially among the young generation.
The main problem is there is no clear legislations regarding the use of cryptos. Therefore, no one would take the risk of buying a bitcoin ATM as it can be seized by authorities.

You've got a Great point here. Actually, I'm not sure if there's a clear legislation regarding the use of crypto here. But I do know that the central bank requires kyc from anyone who is related to crypto. With this, we can easily say it's legal. If it's not, I have the feeling that the machine will be seized as you've said. But then, I don't think they would just bring in such a machine without having known if it has been publicly declared legal or not.

[Stedsm]

I'm from India and we're having a case filed between two big organizations - RBI (Reserve Bank of India) and IAMAI (Internet And Mobile Association of India) about the legality and regulatory status of BTC. It has taken around 3 years already for them to decide whether or not to allow the banks to deal with those who own or deal in cryptocurrencies, I'm eagerly waiting for some day when I'll see my country having lots of BTC ATMs where I will be able to convert my BTC and withdraw my fiat without the need of any mediator or even a buyer. 

[Chris Barth]

I'm from India and we're having a case filed between two big organizations - RBI (Reserve Bank of India) and IAMAI (Internet And Mobile Association of India) about the legality and regulatory status of BTC. It has taken around 3 years already for them to decide whether or not to allow the banks to deal with those who own or deal in cryptocurrencies, I'm eagerly waiting for some day when I'll see my country having lots of BTC ATMs where I will be able to convert my BTC and withdraw my fiat without the need of any mediator or even a buyer. 

Haha, I have this positive feeling that the decision that'll be taken would be a positive one (allowing banks to deal with users that operate with bitcoin). Just someday, it'll be legal and you and other Indians would experience more of the blockchain technology! 😉

[Kelvinid]

And it was different in my country.
Yes, we are already adopting crypto and Bitcoin, and our government leaders are supporting this but to find out that there is no Bitcoin ATM up to this moment. I don't know the reason why it happens, or it may be that having crypto machine isn't particularly usable to us. Besides, a lot of people using online/cashless forms of payment and I don't think that we need this thing, in fact, we make transactions using our phones instantly.

Having a crypto ATM machine isn't a measurement that we are already adopting Bitcoin. The fact that more people are engaged in crypto and many establishments are accepting it, then we could say that we are in adopting this technology by then.
 

[samcrypto]

In my country there are many crypto enthusiats and bitcoin users especially among the young generation.
The main problem is there is no clear legislations regarding the use of cryptos. Therefore, no one would take the risk of buying a bitcoin ATM as it can be seized by authorities.

Exactly, no regulations yet meaning you should remain anonymous or else the banks will also question your ability to have that money as well. Bitcoin also works well in my country even if there’s no regulation and the ATM is fine to use but with a lot of care since you can easily got robbed if someone saw you using that ATM Machine.

[Stedsm]

Haha, I have this positive feeling that the decision that'll be taken would be a positive one (allowing banks to deal with users that operate with bitcoin). Just someday, it'll be legal and you and other Indians would experience more of the blockchain technology! 😉

Yeah, we literally do everything hidden under the fear of either getting jailed or just scrutinized for hiding taxes that could have been paid, but when something is not being seen as legal and they are only trying to criticize then, we felt like we've lost the right to move our own money wherever we want to (now appreciating Blockchain and cryptocurrencies too). What does BTC give to us? It gives us freedom to move our money from our place to anywhere in the world where the recipient accepts it, at the cost of a lollipop (or even less) and we even do it, but getting scared every single time we transact which is something any citizen of any country wouldn't expect.

[20kevin20]

Lol, your perspective tho. However, it is clearly adoption because if it is not being adopted by the people in the country, why then would someone bring a Bitcoin ATM?
Well, I believe that an analysis was done and observing that people are moving into cryptocurrency, hence the step was taken.

I've probably used the wrong words and made it look like I see this new ATM installment as a negative thing. My bad.

What I meant is that I wish there were more merchants working on implementing Bitcoin rather than installing ATMs. As I've posted earlier today in another thread, ATMs usually take significant % as fees, especially for withdrawals, which is a huge drawback especially for a not-so-good economy like Nigeria's. I've looked up the ATM but I can't seem to find the % it takes for Buy & Sell at the moment, if you could find this information it would be awesome. Just wanted to compare the % to those I find in my country and around Europe.

The high % for withdrawals makes it very inconvenient for the poorer investors to sell their BTC, because they'll look (and I think everyone will, not just them) to maximize the total sum they'll end up with in their pockets. Hence, I'm thinking the economically disadvantaged countries such as Nigeria and Venezuela need a way to handle BTC with a % as close to 0 as possible. One way to do this is going for online exchanges. On the other side though, it just came into my mind that ATMs can be used to sell BTC when you're in an emergency.. so it's got both advantages and disadvantages.

My apologies for the words used. It seems that I fuck up my statements due to the words I use way more often than I should.

[chennappa121]

First thing thanks to you,  because you are planing to give education about bitcoin to your local people that will helpful for them because we know importance of private key and how we can use them and keep them in very safe place otherwise some one can cheat them.
And really you are peoples very lucky to use bitcoin ATMs in your country. but In our country the situation is apposite because still we didn't get any good news regarding Crypto currencies regulations I hope we will get good news soon.

[ballerin and giroud]

I don't know if my country still look bitcoin as a threat or what because until now they don't make any decision for bitcoin. They still act calmly and still allowing to use bitcoin as an investment place or trading place but if there is something bad happened to the user the government will never do anything. Seem like regulation for bitcoin in my country or cryptocurrency in my country will just like that, they will never try to use or regulate bitcoin as mean of payment.

[FanatMonet]

In my country, to any massive use of cryptocurrencies is very far away. In addition, even to the normal standard of living of most citizens, and not a small handful of different oligarchs, is also far away. Although, I hope that someday I will see a wide distribution of cryptocurrencies with us.

[sunsilk]

Ok count it in as fruit of your labor by non stop promoting bitcoin in your country. That's a good start to see that there is a bitcoin ATM located there. And as a perfect example, show to the people that you are also using that atm or use it at least once so that people will notice it.

Once, there are people see you use it, I think they will  massively be interested to it and will start asking you personally how it works and how's the fees.

[BitcoinHunt3r]

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).

In my country bitcoin is not legalize yet, but not illegal too. People can use it as assets but still can't use it as payment. Maybe only need time for government to make it legal, because what really can make bitcoin legalized is government from the country.

[arwin100]

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).

In my country bitcoin is not legalize yet, but not illegal too. People can use it as assets but still can't use it as payment. Maybe only need time for government to make it legal, because what really can make bitcoin legalized is government from the country.

Same on ours but the good thing there is I can see some progress of adoption aswell I see some institutions are looking on it so for this we can determine that even for now that this currency is not legalize yet there's still a high chanc that government will adopt and treat this one as digital assets. But the one I really want to look is the stoppage of hyips,pyramid and mlm's since this platforms are putting some dirt on the image of bitcoins.

[kawetsriyanto]

What kind of adoption that your country do? Well, is the Bitcoin legalized in your country? I think it will also relate to the law and regulation of the crypto from the government in each country. The adoption may only lay on bringing new crypto projects, adopting the technology of blockchain, or even its digital assets. In my country itself, there is legalization of the crypto as a digital asset, but not for the payment. I can also find some BTC ATMs in certain areas (where there are high numbers of foreigners) to ease the transactions.

[FlightyPouch]

That is nice that there are those ATMs that are being installed in your country. That just means that the owner of these ATMs is seeing the number of users in your country. I know the feeling but don't be that happy though, in our country there is also a lot of ATMs but the adoption of people is so low. People still don't want to use it and just a small of the population use that.