Johannesburg, South Africa, will reportedly become the first city on the continent to host a permanent bitcoin ATM this May.
If all goes according to plan, Africa’s first bitcoin ATM will be in service by the end of the month.
Community feedback wanted
Johannesburg may seem like an obvious choice for the country’s first bitcoin ATM given its position as financial center, however, it may not have the only unit for long.
A second bitcoin ATM is reportedly on the way, and it’s coming to Cape Town.
ZaBitcoinATM has invited Cape Town’s bitcoiners to help choose the right spot for the unit via its Twitter account.
Our next Bitcoin ATM will land in Cape Town, soon. We are open to suggestions as to the most convenient place for our users?
Additionally, many view the remittance market as the biggest opportunity in Africa.
In a recent interview with CoinDesk, Kipochi co-founder Pelle Braendgaard explained why he believes bitcoin could make inroads into developing countries. Further, the work of companies like Robocoin to turn its ATM network into a global remittance service suggests a similar approach could be attempted in Africa.
However, bitcoin is not the only option for tech savvy Africans.
Since the continent still has a relatively low smartphone penetration rate, SMS money transfer services that can be used on practically any feature phone are quite popular.
As such, some firms are expanding their operations and integrating with other money transfer services. One such hybrid service is 37Coins, which plans to offer worldwide bitcoin wallet access via feature phones, using its SMS-based wallet.
For more details on where you can find bitcoin ATMs in your area, view our complete Bitcoin ATM map.
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