The importance of Bitcoin Cash ATMs to spread awareness in Africa.

The importance of Bitcoin Cash ATMs to spread awareness in Africa.

By alberdioni8406 | Barraca Crypto | 29 Oct 2020


Times of suffering to buy and sell Bitcoin Cash in Africa have been reducing due to some Bitcoin machines who sell Bitcoin Cash in this locations, the first time I saw one in Africa was in Nelspruit, South Africa and my enthusiasm was so big that I approached it to see services offered on them. Unfortunately at the time I saw it was only giving liquidity to Bitcoin and Ethereum mostly where users could buy this assets with credit cards for values less than 200 Rands, the currency of South Africa and for more of that amount was needed first to verify identity to be able to transact more than 5000 Rands~20,000 MZN= $320.

Nelspruit, South Africa.

At that time (2018) most of this ATM was only giving support for the main assets on the market but after less than a year am glad to see that more people in Africa are looking to buy and hold Bitcoin Cash and use this same machines to purchase this main asset. Bitcoin Cash is an asset in evolution and have more market to grab especially in Africa where the use of crypto is increasing and people here because don't have power enough to buy Bitcoin or Ether prefer to hold Bitcoin Cash.

Bitcoin Cash is more viable to get, it more fast and have more time to grow in the market. The asset isn't just a merely coin but one that is more like peer-to-peer electronic cash payment can be used for daily basis and increase the numbers of wallets providers worldwide securing it.

I am particularly glad to see that this ATM machines are more and more prominent in Africa, where just in South Africa they have 5, spread in three locations, in Nelspruit, Cape Town and Johannesburg, being most important to have them because somehow they are getting used and carry some curiosity to see what actually the ones work.

Africa is growing adoption in crypto and more of this machines will be helpful for different reasons and also to bring awareness to Bitcoin Cash and other biggest Market cap assets, I see this as big value to mass scale adoption for quite good reasons:

  • People in Africa are more familiar with Traditional ATM and when see this ones create a big curiosity on them and people want to know actual how they work and what they sell.

This machines to buy Bitcoin cash will be very helpful in crisis time like the one who had recently in Nigeria (#SARS trouble) where citizens had to face major problems because many Bank Branch get closed and people had hard times to cash out their savings and with this machines somehow this situation could be curbed and many could use their money without problems selling their Bitcoin Cash on them, actual many enthusiasts who had crypto sold them on P2P exchanges such as Paxful and received their money on e-wallets making this hard times not that much heavy.

With this machines prompt and strategic plan to implement in large scale the adoption can be very much helpful, places such Uganda and Nigeria have Bitcoin ATMs and this are implanted for some time now (Nigeria was the last to have one) and somehow is important to expand crypto and mass scale adoption by Africans.

The only issue that is very unlikely is the maintenance cost of this giant machines, which involves high money to sustain the same ones but it's a price to pay for adoption "investment is needed to expand adoption worldwide".

For a continent of 1.2 billion people and more than 50 countries it's needed more ATM machines to buy and sell Bitcoin Cash thru them and make the adoption a reality but still a lot to do just to note the all continent have not more than 8 machines all across the cradle of humanity.

Let's hope some investments may be efficient and very valuable in this field to make adoption getting impulse!

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Find also the article on my blog.

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alberdioni8406
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Creator and Crypto Fan. Find me also on Bastyon here: https://bastyon.com/alberdioni8406


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