Golix, the first digital currency exchange in Zimbabwe and presently its largest, has launched the first Bitcoin ATM in the country. The exchange seeks to make Bitcoin’s ecosystem more available to people who may not understand how to apply the wallet systems or more sophisticated full node on the internet.
“After coming into terms that the public is still besieged to comprehend or in some circumstances access Bitcoin, we realized that the Bitcoin ATM would be a crucial step towards engaging people on how they can benefit from cryptocurrencies for their daily businesses,” Yeukai Kusangaya, product manager at Golix, stated for local publication The Herald Business.
There is apparent demand for cryptocurrency in Zimbabwe with Golix recording a monthly trading volume of $600,000. Recently, similarly as last year, Bitcoin’s bull run caused the price of the digital asset to double in the country, and the exchange witnessed a sudden peak in demand escalated by a military coup that eliminated President Robert Mugabe from his seat of power.
