CAPE TOWN - South Africa’s first cryptocurrency ATM will be installed at Northwold Spar in Johannesburg by the end of this week.
The ATM which was imported from Portugal will be able to process various forms of cryptocurrency tokens including Ethereum and Bitcoin.
According to General Manager of Northwold Spar, George Neophytou who has been in the cryptocurrency space for a long time, many people wonder how they can get their hands on cryptocurrency.
“Lots of people in South Africa are also in the cryptocurrency space and lots of South Africans are watching it. However, not all individuals have access to it”, said Neophytou.
This ATM hopes to change that and make cryptocurrency accessible to individuals who do not have a bank account.