But this made me a bit curious. The first BTC ATM in Nigeria? Really? What could have been the reason that other African countries such as Uganda and Djibouti have installed theirs first? Is Nigeria behind these countries in terms of technological development?
It's is not a question or debate of which country is ahead of the other in technological advancement, I'll give you an example, no African country can match China in advancement in technology, but they do not have any bitcoin ATM, they had earlier installed one, but the country shut it down since they are not interested in crypto activities in their country, but a country like South Africa has more than five bitcoin ATM's.
So Nigeria just installing their first BTC ATM is more of a result of their government regulations than their state or level of advancement in technology. Though cryptocurrency activities isn't banned in Nigeria, it is also not fancied by the govt either.