Nigeria Officially Gets its First Bitcoin ATM Machine in Ajah Area of Lagos State.
Bitcoin ATM in Nigeria: Blockstale officially installs the first working bitcoin automatic teller machine in Nigeria at Ajah area of Lagos State.
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Currently, bitcoin investors and traders can finally buy bitcoin with Bitcoin ATM. The Bitcoin ATM is now open for processing Bitcoin withdrawals for people using Bitcoin in Nigeria.
The first bitcoin Bitcoin ATM machine in Nigeria was designed in Shenzhen by the founder and chief executive officer of Blockstale, Daniel Adekunle.
The newly installed Bitcoin ATM is siting at a bar and lounge in the Ajah area of Lagos State.
According to Wee Tracker Reports, this is the first Bitcoin ATM to be installed in the country. It was designed in Shenzhen, China, courtesy of Blockstale, a Bitcoin automatic teller machine vendor in Nigeria.
According to Adekunle, the Bitcoin ATM has a door alarm system, a remote tracker and some bio scanners. This features make it more theft and vandal-proof.
See Also: Blockchain Startup Bitstop Reveals Plan to Install the First Bitcoin ATM in Nigeria.
“For about 3 years now I have been working on the blockchain technology and BTMs (Bitcoin Teller Machines or Bitcoin ATMs) hardware, software and firmware most especially. I had my people (Africans) very much in mind since they are a little rigid when it comes to innovation and personal interaction(s) with high tech devices.”Daniel Adeline — CEO Blockstale
Mr Adebiyi, the former Treasury Management Reporter on visiting the new Bitcoin ATM machine expressed his gratitude in being a part of this new development towards cryptocurrency adoption in the country.
He also promised to facilitate the adoption of Naira to bitcoin and bitcoin to Naira payments within his own capacity through his experience and expertise in the financial sector.