South Africa’s First Cryptocurrency ATM Improves Access To Bitcoin In Johannesburg

25 May 2018

Money Transfer

South Africa’s first cryptocurrency ATM has officially launched in Johannesburg, making it possible for South Africans to purchase various cryptocurrencies via the machine.

A South African blockchain firm called Vendibit established its first commercial cryptocurrency ATM in the country’s financial hub, placing it in the Spar-Northwold supermarket, according to IOL.

The ATM, which is known as a VTM machine, allows users to buy a variety of cryptocurrency options including Dash, Bitcoin, Litecoin, and Ethereum using South African Rands, linked to their smartphone cryptocurrency e-wallets.

Read the full article on Moguldum here.