The Crypto currency trading market has grown immensely over the years in the Nigerian economy. With the Nigerian youths being the major traders in the Nigerian Crypto currency market, the installation of the first Bitcoin Automated Teller Machines (BTM) in Nigeria is a good development for the traders.
Since the introduction of Bitcoin Automated Teller Machines in 2013, more than 8000 Bitcoin ATMs has been installed all around the world presently.
The Nigerian crypto currency traders has been facing some challenges receiving payments from their foreign counterparts over the years.
But with a Bitcoin ATM installed in the No.1 commercial hub of Nigeria, the challenges of local traders receiving payments from foreign traders would be greatly solved.
Few months ago, Blockstale’s ATM Terminal at Dazey Lounge and Bar in Ajah Area of Lagos, Nigeria installed a Bitcoin Automated Teller Machines (BTM). This installed Bitcoin ATM is the second Bitcoin Automated Teller Machines installed in West Africa.
Nigerians, most especially the Nigerian youths have been trading in crypto currencies for a while now, this is going to be a good development for the trading system. Since payments and transactions can now be made more easily and effortlessly.
