Golix has introduced the country’s first ever Bitcoin ATM, which comes loaded with hard United States dollars. The machine – which was activated last week – allows anyone to buy and sell Bitcoin using the dollar, according to Golix spokesperson Nhlalwenhle Ngwenya.
It is the only ATM in Zimbabwe dispensing US dollars to customers selling Bitcoin, he says.
The Bitcoin ATM is providing people with another way to buy and sell Bitcoin and Litecoin. The first of its kind in the southern African country, the 2-way ATM was deployed and activated in the first week of April 2018 and follows the nation’s growing interest in cryptocurrencies.
The ATM was shipped into the country by the largest cryptocurrency exchange in Zimbabwe, Golix. It has been placed at Golix’s customer support offices located in the business district of Zimbabwe’s capital city, Harare. Currently, users can only access it during weekdays from 8 am to 5 pm but Golix has stated that it is set to move it to another location with 24-hour access.
As far as continental strides go, Zimbabwe joins a very short list of African countries that have invested in such machines at one time or another. While a handful of countries like South Africa and Botswana reportedly deployed ATMs some years ago, at the present moment, Coin ATM Radar lists Zimbabwe’s Bitcoin ATM as one of the only two that are active on the continent. the other one is in Djibouti.