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Botswana Receives its First Bitcoin ATM

Botswana Receives its First Bitcoin ATM
A startup in Botswana recently launched the country’s first bitcoin Bitcoin in a shopping mall in the country’s capital Gaborone.
Botswana’s First Bitcoin ATM
According to a report by Business Times, the new bitcoin teller machine, which is Africa’s tenth bitcoin ATM , is located in Gaborone’s city centre in a large shopping mall.
The company hopes that its bitcoin ATM will gradually increase the use of cryptocurrency in the city. Also, given the many negative stories surrounding cryptocurrencies, transactions without human interactions could be an attractive option to potential customers.
“We have been working tirelessly to make it easier for Batswana [people of Botswana] to buy cryptocurrencies and now we are bringing simplicity, convenience, and trust to the cryptocurrency purchasing experience,” said Express Minds’ Director Brose Watlala.
Mr. Watlala further states that the machine has a maximum daily transaction limit of around $5,000 and is the fastest, most convenient way to currently buy bitcoin in Botswana . Since there are no local cryptocurrency exchanges in the country, the local bitcoin community will likely benefit from the new bitcoin ATM.
The Future of Bitcoin ATMs
Botswana ‘s government has paid negligible attention to digital currencies with its central bank not having made any official comments on cryptoassets or the blockchain. Currently, there are no clear rules and regulations around the legality of bitcoin and other crypoassets in the African nation. That means that the new bitcoin ATM may or may not last a long time should the country’s regulatory position towards bitcoin change.
As for now though, Express Minds use their newly launched bitcoin ATM to teach more people about bitcoin and the crypto world, which could go a long way in helping the country’s progress in crypto adoption.
The post Botswana Receives its First Bitcoin ATM appeared first on BitcoinAfrica.io .

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