Bitcoin ATM - Kenya’s 1st in East & Central Africa
The Bitcoin and Cryptocurrency market is experiencing the best of its time in East and Central Africa after Kenya installed the first bitcoin ATM machine in Nairobi yesterday.
This good news is reaching us curtesy of the Kenyan Wall Street, an organization that is promoting business in the region especially online.
Here’s what they had to say in their tweet yesterday 11th May 2018.
According to eye witnesses, the machine is installed at Kenrail Towers, third floor in Westlands - Nairobi.
A lot of people have so far gone online to express their gratitude to the Kenyan government for facilitating the introduction of the first ever Bitcoin cashing business in the Great Lakes region and generally in the whole Subsaharan part of Africa.
Here’s how bitcoin ATM machines look like when installed anywhere else in the world. (Sample pictures from google).
What to expect next...
I personally feel happy for this piece of news and I hope other countries of Africa will do the same in order to facilitate the introduction and wider use of the Blockchain Technologies on the continent.
Additionally people may be able to physically and openly buy and sell Cryptocurrencies against their fiat currencies. They will also be able to buy currency gift cards like it’s done for Google play and iTunes gift cards in many supermarkets and shops around the world.
Big up to #Kenya for this great move.
Time to cash out #steem dollars against #bitcoin (in Westland Nairobi).
For those who are in #Uganda you can change your crypto currencies at Post office counter no. 25 on Kampala road (for Bitcoin, ETH, etc).
People using #steemit if they cannot get a steemian cho can change for them then the next option is to go through other popular & readily tradable cryptos in order to cash out.
Love and Respect from @zahabu
#minority-report #freedom #steem #blocktrades
Yes thanks to the Kenyan government too. This is great since its going to make it simple to take physically. Thank u so much for the update
Thank you @umutesi
Woow this is good for East Africa in general
And great opportunity for Kenyans thanks @zahabu for the update
This is really great news for us in East Africa as Uganda also is working on developing the largest crypto exchange in Africa.
I will have to check this place today or monday and see how they work or even change a few coins
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STOP@bmotives featured you in the PayItForward Curation contest . That is what brought me to your post
Thanks
Found your post from a submission by @bmotives in the Payitforward challenge. May you have need to use that ATM many times.
Thank you!
I’ll check the #PayItForward curation page. Cheers.
I found your post from @bmotives entry into the "Pay it Forward" contest. It is nice to see a country that is actually trying to give its people options instead of taking options away from them. I hope a lot more of the so called "Civilized" world takes notice. Kenya seems to be on the cutting edge of a lot of stuff, it is no wonder that American Mainstream Media ignores Africa in general.
I'm sorry I'm so late visiting your post; I found your post because @bmotives included it in his entry for the Pay it Forward Curation Contest. You should think about joining us next week :)
A bitcoin ATM...that is so cool :)
Thank you for the post - well done. Now also on Coinatmradar.com; https://coinatmradar.com/bitcoin_teller/5847/bitcoin-teller-bitcoin-teller-kampala-uganda-post-office/