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At a hippy chill spot in one of the most popular areas on Lagos Island, there is an Automated Teller Machine (ATM) which seems a well-orchestrated business strategy. It’s pretty normal for a business like Dazey Lounge and Bar, Oke-Ira, Ajah, to have such a machine nearby just in case its customers need to withdraw cash to pay for services.
But, about a few meters away from this ATM lies something more sophisticated and unprecedented. Not everyone who walks past this establishment may take the Bitcoin ATM sign seriously, except they’re crypto investors or blockchain enthusiasts.
Inside a casino where young guys show what they’re made of in PlayStation 4 and where slot machines shimmer with colorful light, lies what’s unarguably the first BTM in Nigeria.
Outside the casino, Daniel Adekunle talks about his excitement to be the pioneer when it comes to Bitcoin ATMs in the country. But his excitement, according to him, is not enough reason to be so loud about the achievement. Which is why many people do not know yet that there’s a Bitcoin exchange machine enabling a vending business close to the Lagos Lagoon.
Daniel Adekunle: Young entrepreneur designs Nigeria’s first Bitcoin ATM
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