Bitcoin in India, Nigeria, Kenya to Spur Global ATM Market
The growing need for automated teller machines including Bitcoin ATMs in developing nations such as Nigeria, India, and Kenya is propelling the growth of the global ATM market, says Technavio’s latest global ATM market report. The research highlights three key emerging trends predicted to impact market growth through 2020. Aside investments in bitcoin ATMs by entrepreneurs, the research study also identifies deployment of ATM machines in off-site terminals and advances in technology emerging trends expected to propel the growth of the global ATM market. According to coinatmradar.com, which....
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Many analysts are confident the drift will keep growing to the extent where Nigeria may overtake countries like Kenya and Ghana. Bitcoin adoption in Africa was being spearheaded by South Africa, Kenya, and Ghana, until recently. In fact, the year 2016 witnessed the upward improvement of Bitcoin penetration in the Federal Republic of Nigeria in an encouraging dimension. In October 2016, a Nigerian based Exchange BitX announced that their wallet on Google Play Store recorded 100,000 downloads. Besides the increase in volume, the exchange also stated among other things that the price rate was....
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A new study has ranked Nigeria as the country most curious about cryptocurrency post the April crypto market crash. The same study findings show Kenya as the second-highest ranked African country. According to Bobby Ong, co-founder of Coingecko, the countries topping the list seem more interested in buying the dip and this highlights “their long-term outlook for cryptocurrencies.”
Nigerian Solana Searches Third Highest Globally
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Nigeria lost its title as Africa’s largest economy about a month ago since falling into recession. However, Bitcoin use has not taken a due uptake there when compared on the same scale with other African Bitcoin markets in South Africa and Kenya going by previous details from fiatleak.com and LocalBitcoins.com. And this is for several reasons. Though it has the market, the largest population size on the continent, the remittance prowess that ranks in the top five in the world and a worsening economic situation - a faltering currency and plunging oil revenues, one would have expected....