The Chief Executive Officer of Block Stale, Adekunle Daniel, at the dispatch clarified that the ATM was uncommonly intended for simple use of naira to bitcoin and bitcoin to naira in Nigeria.
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He likewise noticed that the machines were worked with industry-standard parts to give straightforwardness and comfort to anybody attempting to begin a BTC machine business in Nigeria with no essential programming information or for clients hoping to exchange bitcoin with money in Nigeria without permitting them to stress over equipment or back end issues. As indicated by him, the development was a piece of the craving to dispose of the details related with Bitcoin exchanges. Daniel encouraged the administration to hold onto cryptographic money as a legitimate delicate and key into the possibility of computerized cash and Blockchain innovation in Nigeria. He stated, “With this development, Nigeria positions eighth on the planet to encounter the advancement of Bitcoin ATM which has carried worldwide acknowledgment to the nation and Africa. Bitcoin is a computerized cash that works autonomously across national limits and divisions, which can be utilized as a type of exchange, venture, installment and repayment.”