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Author Topic: Bitcoin is getting more adopted in my Country  (Read 1047 times)
Latviand
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February 24, 2020, 05:34:43 PM
 #81

That's a good thing if that's the case.  More countries are recognizing blockchain technology nowadays. Bitcoin and other cryptos are now being widely used in heakthcare services as well as other online services. Despite of the fact that there are still countries wherein blockchain technology is not yet accepted as an official currency due to issues present, development is carrying adaptation of cryptos to many countries.
It's hard to adapt something that is not known especially when you live on a third world country, although we are not poor but the technological advancement here is little in progress, and the cabinet members of our government consists of old people and has a little knowledge about cryptocurrency but there are some huge celebrities here that uses crypto like manny pacquiao and many more, so i think it might take a while for crypto to be recognize here in the philippines and to be adapted by my country.
indeed true but since some countries have already adapted such currency system, it won't be surprising to know that other places would be influenced by those places in which it is widely being used especially if there are no issues being faced by those countries with regards to crypto adaptation. Chances ade high that as technology evolves, such currency system would be recognized by more countries.
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February 24, 2020, 06:18:34 PM
 #82

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).
That's a good thing that we need to appreciate somehow. Here in my country, we don't have any bitcoin ATM's yet but the tolerance is way more better compared to other country. There once a time where cryptocurrencies were thought to be scam wherein news everywhere are saying the same thing. I was mad at that moment cause I know that they are only saying those things because they are against bitcoin and other altcoins. Good thing is that after few months, things have gone well and all is back to normal when it comes to crypto.

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February 24, 2020, 06:53:29 PM
 #83

Thank you for sharing your enthusiasm!
It's nice to see users buying BTCitcoin at ATM with their local currency.
It is comfort, simplicity so that any user can buy bitcoin.

Bitcoin and the entire cryptocurrency family is not the future is our present. We are taking small steps for adoption and I applaud your initiative to do seminars to help people get to know Bitcoin.

In my country there is only one ATM there is a lot of work to do to let people know about Bitcoin its advantages and the impetus of a new economy.

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February 24, 2020, 08:21:01 PM
 #84

I don’t really think that can raise the adoption of cryptocurrency in that country, I have been there before and I have some friends that I used to hang out with there. I have been able to discuss this topic of Bitcoin with them and from what I have seen a lot of them are avoiding Bitcoin because it is volatile and because they are afraid that they can lose their money.

Only the very rich people are investing in it, and they are not much that are into it. Check this – an average salary earner there is making 40k to 50k naira ($130) in a month, and sometimes that money is not enough for them to sort out their problems. So they are afraid that they might lose it. From what I have learnt, they prefer investments that are less risky I guess.
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February 24, 2020, 09:40:15 PM
 #85

Actually, Bitcoin ATM is everywhere especially in Europe, I have seen it in Paris lately and that is really good. Plus, there is a good progress in  Bitcoin's users or community even in Africa. They are noticing the important of cryptocurrencies in our lives, every user now can easily gets  a financial income through Bitcoin and even other cryptocurrencies especially in trading domain, there are a lot of facilities for achieving that, especially when you have an acceptable knowledge.
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February 24, 2020, 10:39:15 PM
 #86

IMO, ATM is the first step so take a better look if your country is really adapting the use of bitcoin. Even here in our capital, there's a Bitcoin ATM but none of them use it.

If you see that most of the platforms in your country, even stores accept bitcoin as payment, we can say that bitcoin is really adapted by your country.
In my country, I can't still say we already adapted bitcoin since we only have one platform that serves as a local wallet which is coins.ph.

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February 24, 2020, 10:45:11 PM
 #87

next step for adoption right?  Cheesy
I still see ATMs being not that popular tho
Well, if people know what are the fees on ATMs if they did their transactions there then they already know that it is costly to use it rather than buying from an exchanges. Somehow ATM is the best way to make people notice about of this new technology to them, a cryptocurrency technology. People are always curious so they will tend to find/ask someone about of what is Bitcoin.

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February 25, 2020, 11:39:45 PM
 #88

In my country there are already a few bitcoin ATM, although only in two big cities, but it has added more, but I forget how many bitcoin ATM there are and that's more than two ATM. This is an extraordinary development and our government will also legalize bitcoin, but this is only their conversation (officials) the realization is not yet if I'm not mistaken.
Are you also interested in using the bitcoin ATM?

Although I have never seen it directly, I assume that the presence of a bitcoin ATM is a realization of the high use and transactions using bitcoin in the country. So as to support that effectiveness, a bitcoin ATM is provided. It also shows that the adoption of bitcoin is more widespread.

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April 21, 2020, 01:29:41 PM
 #89

That is a good start for the adoption of your country, it only shows that it is not trying to restrict the use of it. In our country, we also have bitcoin ATM and was launched last 2019. It only shows that there are more countries that are willing to accept bitcoin and hopefully it continues more.
As the day continues and progress I've been seeing a lot of ATM machines related posts in the forum making me think how far we have reach through innovation that we have been dealing with sine 2009 that boomed at 2017. And at that year is the real game changer for cryptocurrency is, Imagine if we did not reach ATH at $20K price, we could've not had any companies that recognized bitcoin or any crypto at all. During this pandemic, even the bitcoin price is lower than we have expected about months ago, the adoption increases in so many ways and it makes me glad.
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April 21, 2020, 11:19:53 PM
 #90

If this 'Bitcoin ATM' is a real thing or existed, then I think everyone feels so pleased. This is one of the first step through the Bitcoin innovation, creating automated machine has a good impact to all crypto enthusiast and other people who really works and believe that Bitcoin adaptation is quite possible as a worldwide currency. This is a great start for everyone who's work hardly in crypto world.
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April 21, 2020, 11:43:18 PM
 #91

That is a good start for the adoption of your country, it only shows that it is not trying to restrict the use of it. In our country, we also have bitcoin ATM and was launched last 2019. It only shows that there are more countries that are willing to accept bitcoin and hopefully it continues more.
As the day continues and progress I've been seeing a lot of ATM machines related posts in the forum making me think how far we have reach through innovation that we have been dealing with sine 2009 that boomed at 2017. And at that year is the real game changer for cryptocurrency is, Imagine if we did not reach ATH at $20K price, we could've not had any companies that recognized bitcoin or any crypto at all. During this pandemic, even the bitcoin price is lower than we have expected about months ago, the adoption increases in so many ways and it makes me glad.
We are living in the future and for the future and not living in the stone age. Sooner or later Bitcoin will be used by most people even if there are no large companies that will use it now and those large companies will be forced to use this technology because most people are using it at that time. For me, there is no connection about hitting the ATH or not hitting it because Crypto Currency is meant to be used by people in this technologically growing world.
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April 22, 2020, 12:58:04 AM
 #92

I'm happy to see the development of bitcoin around the world, because more and more countries are adopting bitcoin. Even though
my country has adopted bitcoin, but in my country there hasn't been a single bitcoin ATM machine. I really hope the government can
provide soon bitcoin ATM machine. Unfortunately, the government in my country hasn't legalized bitcoin as payment, so I can't use
bitcoin yet as currency.

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April 22, 2020, 04:28:31 AM
 #93

In my country, there are apps that support cryptocurrency but the process is to convert it back to our currency, the ATM here does not accept direct crypto transactions but they support the app in turn. The only problem that I sometimes see is that sometimes the ATM does not have 24/7 cardless transaction support. I really love that there will be an ATM that will appear in my country just like yours because there are more steps needed to get the cash in my country, I do not disagree with that because it helps prevent fraud. I hope that my country will embrace the emergence of crypto and innovate because people will surely benefit this thing.

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April 22, 2020, 04:43:33 AM
 #94

In my country, there are apps that support cryptocurrency but the process is to convert it back to our currency, the ATM here does not accept direct crypto transactions but they support the app in turn. The only problem that I sometimes see is that sometimes the ATM does not have 24/7 cardless transaction support. I really love that there will be an ATM that will appear in my country just like yours because there are more steps needed to get the cash in my country, I do not disagree with that because it helps prevent fraud. I hope that my country will embrace the emergence of crypto and innovate because people will surely benefit this thing.

I think most merchants are doing the conversion of crypto or bitcoin to the local fiat before you can pay for your bills, game credits, load, or anything. And that is also happening in my local cryptoexchange. You can pay in a lot of merchants but you need to exchange it first to their current rate of crypto to fiat, then you can use that to pay your bills, etc. I think that's fair enough because the basis is still the local fiat. Here in my country, we have several Bitcoin ATMs already but never had the chance to cash out thru these machines, because of the proximity from my place. They are still far from where I am staying so not convenient for me. If it is near, I might have tried it already as I am curious how this bitcoin ATM works.
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April 22, 2020, 09:24:15 PM
 #95

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 happy to know about this good development.

In my country, cryptocurrency is only recognized as a trading commodity. That is more than enough for me because I can take advantage of this opportunity to trade cryptocurrency legally. One of the largest local exchanges in my country is officially registered in the ministry of trade. This reinforces that legal cryptocurrency as a trading commodity. In addition, many local blockchain-based projects are quite successful, this is a good sign that the adoption of blockchain and cryptocurrency is increasing.

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April 23, 2020, 07:16:00 PM
 #96

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).
This might not be a sign of adoption, but it is a very good move by Nigerians. Imagine that a lot of people come across the Bitcoin ATM, they are probably going to ask about it just like you have said. And it’s not just that, the news will be trending, which I am very sure that it is already, because I have already seen someone mention this here in this forum and I have also seen it on Google news that an ATM was launched by an exchange in Nigeria.

When the news continues to trend like this, a lot of people who are not yet into Bitcoin will come across it and will be interested in know what Bitcoin is all about. By the time they some research about it, they will likely become part of it. And if they used Google in searching about it, it will be a personalized topic for them and will always show up on their Google News if that’s what they use.
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April 24, 2020, 08:02:34 AM
 #97

I remember that even before i enter Crypto ,our country has already ATM machine but until now the progress of this marke
t is still not that High and adoption still in process not like other countries that
now open their door for Bitcoin.I am not
saying that this is a Bad implication because there are many countrymen that i
come to Meet who has already Know bitcoin
what i am saying here is Don't expect too much mate because time will tell when adoption will finally come to our country.

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April 28, 2020, 11:59:33 PM
 #98

Hello everybody. I really envy countries that have such machines for buying bitcoin. Impressive! In my country, bitcoin is also becoming increasingly popular. I can only judge by the fact that about five years ago my friends laughed at my hobby - now they ask and consult a lot. But it’s too early to talk about some kind of introduction into state institutions. After all, blockchain cannot be bribed or stolen. The people are sitting on self-isolation - and this has to be studied additional sources of income. After all, the supreme power is very fond of talking about helping ordinary people in my country, but in reality, the people survive as best they can.
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April 29, 2020, 12:21:29 AM
 #99

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).
Good to know that your country is in the process of adapting bitcoin and they are starting to offer bitcoin ATM machine which is good as you can easily withdraw your money safely. In our country, bitcoin is not yet legal at the same time it is not also illegal meaning we were given the freedom to use bitcoin or crypto currency as we like as long as you are not doing an illegal actions.

There are bitcoin ATM machines also in our country but it is located in the main City where it is very far from where I live so if I can visit our main City, I would love to try to use it and I am very excited to do it.

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April 29, 2020, 02:08:02 PM
 #100

I remember that even before i enter Crypto ,our country has already ATM machine but until now the progress of this marke
t is still not that High and adoption still in process not like other countries that
now open their door for Bitcoin.I am not
saying that this is a Bad implication because there are many countrymen that i
come to Meet who has already Know bitcoin
what i am saying here is Don't expect too much mate because time will tell when adoption will finally come to our country.


You are lucky enough to have bitcoin ATM machines at your country which means that bitcoin is considered legal in your country.  I always wished to use those ATM but unfortunately we don't have them yet in our country. I hope other countries of the world will also quickly adopt bitcoin and crypto currencies quickly if they want to survive and progress quickly, they have to adopt block chain and crypto.
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