South Africa to Get Its First Bitcoin ATM

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There is a growing demand for cryptocurrency in the country, and as per research, 200 000 to 300 000 people in South Africa were involved in cryptocurrencies as of the end of 2017. Thus, the Automated Teller Machine (ATM), to be installed by Northwood Spar retailer, will allow trade and purchases of cryptocurrencies such as bitcoin. the ATM will take away the issues of buying and selling cryptocurrency, and hopefully help make cryptocurrencies breakthrough into the mainstream as trade, investment and payment options.

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