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Zimbabwe Has One ATM With Cash, And You’ll Need Bitcoin To Get It

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Zimbabwe bitcoin atm

Golix, Zimbabwe’s first and largest cryptocurrencies exchange, has broken new ground once again by acquiring the country’s first ever Bitcoin ATM, which comes loaded with hard US dollars.

The machine – which was activated earlier this week – allows anyone to buy and sell bitcoin at favourable rates using the greenback. It is the only ATM in Zimbabwe dispensing US dollars to customers selling bitcoin. Through an easy-to-use interface, it provides tech and cryptocurrency newbies a simple way to buy bitcoin. It has been placed in Golix’s Customer Support offices which are located along First Street Harare – one of the busiest streets in the capital city’s business centre.

Thanks to Golix’s ATM, Zimbabwe joins an elite score of fewer than 70 countries around the world that have introduced the machines which provide convenience to customers, especially first time users of cryptocurrencies and the unbanked without access to digital funds. The development is not only significant for Golix but also for Zimbabwe.

Just a decade ago the Southern African country recorded the highest rates of hyperinflation in modern history, turning virtually every citizen into a trillionaire and rendering normal banking services like ATM withdrawals pointless. The adoption of a foreign currency system in 2009 halted the effects of inflation, but in the past two years, the country has suffered from a new problem altogether. A cash crisis has gripped the formal financial system, resulting in unending bank queues and leaving the country’s 472 ATMs network useless.

As such the Bitcoin ATM serves to be a financial game changer in a country that has no fiat currency of its own. In the same way that customers insert a card into a traditional ATM, the Bitcoin ATM allows customers to insert US dollars which are converted to the volume of bitcoins that they want to buy. The ATM then sends the bitcoins straight to the customer’s wallet. Customers who purchase bitcoins without a bitcoin wallet have the option to generate a bitcoin address.

Golix product manager, Yeukai Kusangaya, said that the bitcoin ATM was one of the many products lined up to ensure that the public has easy access to bitcoins. “After realising that the public is still struggling to understand or in some cases access bitcoin, we felt that the bitcoin ATM would be a huge and necessary step towards engaging people on how they can use cryptocurrencies for their daily business.

“For anyone who has used a traditional ATM, they won’t struggle to find their steps when they are using the Bitcoin ATM,” said Kusangaya. Also weighing in, Golix CEO, Tawanda Kembo said that this is the only ATM in the country with cash.

“Gone are the days when the only means of making an international payment was first buying cash on the parallel market and then driving all the way to Zambia to pay a supplier. This bitcoin ATM moves us one step closer to achieving our mission of giving every person in Africa financial autonomy,” said Kembo.

Press Releases

Bitcoin Gambling/Gaming Guide Provides GOSU Bitcoin Casino Reviews

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BTCGOSU

February 15, 2021 – BTCGOSU, an independent guide to Bitcoin Casinos, provides detailed reviews of online casinos and gambling sites. All reviews include valuable, honest information with insights from real players, that are updated regularly.

“Our goal is to enable you to enjoy Bitcoin gaming while remaining confident that you’re dealing with casinos that operate with integrity,” said a spokesperson for the site. Those interested in gambling online with Bitcoin or other cryptocurrencies can find starred ratings, promotions, overviews, and full write-ups that explain how each reviewed online casino works. Insights into variables such as VIP programs, deposits/withdrawals, customer service, and security are analyzed and tested in detail as well.

BTCGOSUBTCGOSU includes the world’s largest third-party Provably Fair Verifier, a technology that enables players to verify bets and ensure they are not manipulated. Reviews specific to Bitcoin casino slots and games such as Dice, Crash, and Plinko are also provided. A section on the latest GOSU Bitcoin game reviews is included on the website, as is a section exploring the advantages of Bitcoin gambling.

In addition, you can also find News, promotions, and guides on the site. This provides visitors the chance to find out the latest happenings with some prominent Bitcoin gambling sites and learn more about popular games such as Poker. BTCGOSU promotes only fair and reliable gambling sites; it is designed to provide unbiased, honest reviews of online Bitcoin casinos.

On top of that, visitors can use the site’s Casino Comparer, Provably Fair Verifier, and take advantage of BTCGOSU’s unique Disputes & Mediation service and Deposit Guarantee. They can also navigate to locate reviews specifically focused on the casinos themselves, bonus types, and games. The BTCGOSU comes from a prominent user of bitcointalk.org, where a complete Announcement Thread (ANN) for this crypto gambling website can be found.

For more information about BTCGOSU, and to read complete reviews written by actual players who contribute to our listings, go to www.btcgosu.com.

Learn more:

Website: https://www.btcgosu.com/

Twitter: https://twitter.com/BTCGOSU

Facebook: https://www.facebook.com/BTCGOSU

Telegram: https://t.me/btcgosu 

Media Contact: admin@btcgosu.com 

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Investors in Africa Can Now Purchase Stocks from the US Market Using Cryptocurrencies

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Passfolio

Passfolio is a new investment app that’s calling the attention of the market. Through its US registered broker-dealer, Passfolio Securities, the company aims to democratize the access to US investments in countries like Nigeria, by allowing investors to trade 3,800+ US stocks, ETFs, and REITs from the US market with no commission fees*.

PassfolioRecently, Passfolio has been growing in African countries like Nigeria and wants to facilitate access to US investments in the region. David Gobaud, Passfolio’s founder and CEO, says:

“People outside the United States often need hundreds of thousands of dollars to invest in the US stock market – we reduce the minimum to $1 to invest in US stocks of your favorite companies”.

What makes Passfolio different from other brokers? Simply put, the possibility of trading and funding your account with cryptocurrencies, through Passfolio Financial*.

Passfolio makes it possible for users to fund their accounts using cryptocurrencies by first converting them into dollars through Passfolio Financial, then moving the dollar proceeds to their brokerage accounts at Passfolio Securities, where users are then able to buy stocks. This way, investors can deposit Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash and other cryptocurrencies and access the US market.

The full list of cryptocurrencies supported by Passfolio (through Passfolio Financial*) can be found below. You can deposit and trade all of them in the app:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Zcash (ZEC)
  • Filecoin (FIL)
  • 0x (ZRX)
  • Aave (AAVE)
  • Amp (AMP)
  • Basic Attention (BAT)
  • Balancer (BAL)
  • Chainlink (LINK)
  • Compound (COMP)
  • Curve (CRV)
  • Dai (DAI)
  • Decentraland (MANA)
  • Kyber Network (KNC)
  • Maker (MKR)
  • Orchid (OXT)
  • Pax Gold (PAXG)
  • Ren (REN)
  • Storj (STORJ)
  • Synthetix (SNX)
  • Uma (UMA)
  • Uniswap (UNI)
  • Yearn Finance (YFI)

To invest with Passfolio, the first step is to complete your registration. The registration can be done in a few minutes through this link, and you will be asked for some basic information. Then, the account is typically approved in a few hours and you’ll be able to add funds to your account and start investing.

For US stock trades, Passfolio Securities offers commission-free* trading for assets priced at $5 or more. You can check all other fees that may apply on Passfolio’s website: http://passfolio.us/fees

*Securities less than $5 cost $0.02/share. Please see Passfolio’s disclosures on other charges.

Disclosures:

Passfolio LogoPassfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure.

Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker-dealer. Cryptocurrencies are not protected by either

FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

Explanatory brochure available upon request or at www.sipc.org. To purchase securities using cryptocurrencies, you must first convert them into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.

Please see Passfolio’s fractional shares disclosure.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Nigerians Living in South Africa Can Now Verify Their Remitano Accounts Using Their Nigerian Documents

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verify remitano accounts

The Remitano ecosystem is a community built on trust, this is why every Remitano user must complete their KYC to gain full access to the entire features of Remitano.

Remitano LogoOver time, we realized that a lot of our Nigerian users who have migrated and now live in South Africa are finding it difficult to verify their accounts due to the lack of proper South African documents. As a result of our pledge on continuous improvement, we are now allowing Nigerian traders in South Africa to verify their Remitano accounts using their Nigerian identification documents.

South Africa based Nigerians can now use their Nigerian government-issued National Identity card, Driver’s license, international passport, or Voters card to verify their Remitano account despite they no longer live in Nigeria.

This is part of Remitano’s effort in a bid to enhance borderless access to financial and cryptocurrency services. Remitano strives on making cryptocurrency trading easy for its users regardless of nationality and location.

What Exactly is KYC and Why Do You Need to Complete It?

KYC is an acronym for “Know Your Customer.” It is a means for Remitano to verify its users by requesting and verifying their personal details.

There are five levels of KYC in order to enjoy the highest trading experience on Remitano. The level of KYC you complete will determine your daily deposit and withdrawal limits.

Level one verification requires phone number verification only. This allows users to buy up to $1000 worth of cryptocurrency. However, you would not have access to your Remitano fiat wallet.

Level two verification involves document verification. It involves the confirmation of your identity by providing your government-issued ID card. This will help remitano verify the personal details and address you provided during registration. Level two users can buy cryptocurrencies worth $100,000 per day with a daily withdrawal limit of $1000.

Level three verification requires your bank verification. You need to verify your bank detail to make fiat deposits and withdrawals. Level three increases your buying limit to $200,000 per day and withdrawal limit to $2,500 per day.

Level four and five KYC are for long term traders, and you will need to complete the first three levels. Learn how to complete level 4 and 5 KYC.

The acceptance of KYC (Know Your Customer) has made Remitano one of the most secured peer-to-peer crypto exchange platforms as it has recorded no scam attempts.

The KYC has been used to filter out users with bad intentions and ulterior motives. Traders and investors on Remitano carry out their activities without the fear of being scammed and ripped off their hard-earned money.

Complete your KYC now and begin to buy bitcoin in South Africa on Remitano!

About Remitano

Remitano is a product of Babylons Solutions Limited based in Seychelles. Remitano’s purpose is to offer a robust, quality trading experience to all users as a fast-moving marketplace. With necessary safety standards in place, buyers and sellers can come together, store, trade, and withdraw assets, thus avoiding issues common to other crypto exchanges.

Launched in 2014, Remitano is a global cryptocurrency exchange serving international markets, such as Malaysia, China, Nigeria, Vietnam, Australia, Cambodia, and Indonesia.

Got Questions?

Reach out to Remitano via:

Email: team@remitano.com, marketing@remitano.com

Socials: Facebook, Twitter, Reddit, and LinkedIn

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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