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?
Now which organisation is responsible for the setup of this ATM machine? What is the benefits of having a bitcoin ATM in Nigeria?
A Bitcoin ATM is all about convenience and making it easier for the average person to get access to bitcoins. Let's imagine a situation where you run out of bitcoins, while you are shopping and you quickly want to buy some coins, without having to access a computer and a exchange or buying from some shady person in a back alley.
You can just walk up to this Bitcoin ATM in a public space and insert some cash and get some bitcoins. Safer and easier than having to search for a internet connection and access to your exchange and your Bank account.