Bitcoin ATM Comes to South Africa
Residents of Johannesburg, South Africa will have the ability to purchase bitcoin with cash come this weekend, with the launch of one of Africa's (if not the first) bitcoin ATMs. As you may be aware, the continent of Africa is severely underbanked (with an estimated 135 million people not banked at all), and many in the bitcoin community have argued that bitcoin's presence in Africa could very well have a positive impact on the population. The machine is manufactured by Lamassu, and will serve as more of a vending machine than an ATM in that bitcoin-to-cash functionality is not included.....
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Bitcoin ATMs (Automated Teller Machines) have been popping up all over the world. Hong Kong, Australia, Dubai, and America, among other places, have operating Bitcoin ATMs. These ATMs have only become widespread in the past few months and are a very new and incomplete technology. Now, they're coming to Africa. Coming to Africa. [dropcap size="small"]Bitcoin's first ATM in the vast continent of Africa is expected to be opened to the public in late May. The ATM will be owned by ZABitcoinATM. The first ATM will come to Johannesburg, South Africa. A second one, which will come a month after....
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