Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ATMs should target developing and third world countries
by
Oasisman
on 18/02/2019, 22:22:57 UTC
Lot's of Bitcoin ATMs keep popping in the developed countries such as US, Canada, Japan, Hong Kong etc. But I have been thinking why don't the owner's target countries without much economic stability? Like Venezuela (btw they just got their first Bitcoin ATM). That would increase the adoption. Something like backpropagation. What do you think?
It could be an ideal but not all countries may allow it, it depends on how their government treat crypto because before you operate that kind of business you should pass tons of qualifications and filter to get approved. Some are conservative that are contented with the current financial system which are hard to please.

Of course the government should be the first to check whether there is restrictions for cryptocurrency or not. Now, the hardest part is the adaption of people in a certain country especially the third world countries. Companies who build Bitcoin ATMs might have a survey on their targeted location for the next machine deployment, and I guess it will be the mass adaption is the first thing to be tackled.