Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ATMs should target developing and third world countries
by
Mia44
on 21/12/2019, 15:44:51 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?
The problem lies in the infrastructure and the size of the market, I think a crisis-stricken country like Venezuela will not be able to meet it. The people of Venezuela, although desperate to own bitcoins, find it difficult to do so with their nearly worthless currency.