BREAKTHROUGH As Nigeria Launches ATM That Converts Paper Money To Bitcoin [VIDEO]
July. 10, 2020
The Chief Executive Officer of Block Stale, Adekunle Daniel, has launched a Bitcoin Automated Teller Machine (ATM) in Lagos today.
The ATM machine was launched after a press briefing in the Aga area of Ikorodu, Lagos State.
The Chairman BeepMagnet Dr. Gilead Okolonkwo carried out a test-transaction operation while Daniel and others looked on.
CEO Block Stale and creator of the machine who is an Indigene of Ikorodu said the invention was part of the desire of Block Stale to eliminate the technicalities associated with Bitcoin transactions.
He said, “I am the creator designer and developer of this first blockchain bitcoin ATM in Nigeria
“This machine makes it very easy for Nigerians to sell, buy bitcoin and other coins with naira, paper money.
“I invented this technology because I notice that our people are being scammed. Everyone wants to know what Bitcoin is, but they are scared of getting scammed.
He also assured everyone of how secure the ATM is and how it makes it easy to send money outside the country.
Daniel said, “This device is very secure, transparent and can help you convert your paper money to bitcoin and send abroad to someone outside the country.
Following the launch of this Bitcoin ATM in Nigeria, the African continent now has 15 recorded bitcoin terminals, the other 14 are spread across South Africa (7) Ghana (2) Kenya (1) Botswana (1), Zimbabwe (1), Djibouti (1), and Uganda (1).
Bitcoin is a cryptocurrency, a decentralized digital currency that functions, without a central bank or a single administrator that can be transferred from one user to user leveraging on the peer to peer bitcoin network system without a need for intermediaries.
Watch The Launch In The Video Below
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