Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Connect with us

News

Crypto ATMs are Increasing Globally – Report

Published

on

Kindly share this post

Crypto ATMs are blooming globally, with new machines coming online at a rate of nearly one per hour. In 2013, the world saw the debut of the first-ever Bitcoin ATM when Robocoin placed a machine in a Vancouver coffee shop.

Allowing customers to trade Bitcoin for cash, and vice versa the machine saw $10,000 in BTC transacted on its first day, according, according to a report in Coin Telegraph.

The estimated number of crypto ATMs around the world that allow customers to buy and sell Bitcoin and other altcoins for cash is about 11,665 ATMs, according to CoinATMRadar.

This reflects a notable rise in the number of crypto ATMs compared to last year. The number of crypto ATMs at the end of 2019 was estimated at 6372 machines; now, there has been a nearly 80% increase.

CoinATMRadar also shows that the number of crypto ATMs is constantly increasing by an average of 23 machines every day, or nearly one new ATM per hour.

As for Africa, South Africa occupied the leadership of the continent with 6 machines, but Nigeria, the largest economy in the continent, has shown growing interest over the last year.

The United States recorded the fastest spread in the world of crypto ATMs, and it acquired the largest share of crypto ATMs within its territory. The number of crypto ATMs located in the United States increased from 4,213 ATMs in 2019 to 9242 ATMs in 2020, an increase of more than 50%. The United States currently accounts for about 79.2% of the total number of crypto ATMs in the world.

There is also a growing diversity of the spread of crypto ATMs within the United States, with locations in small shops, shopping centers, transportation hubs, and even one in the Tesla Gigafactory.

Rounding out the top five is Canada, ranked second with 880 ATMs; the United Kingdom at third with 268 machines; Hong Kong in fourth with 62 machines; and finally, Colombia, which recently showed great interest in establishing crypto ATMs with 59 machines.

The significant growth in the number of crypto ATMs in 2020 demonstrates the growing interest from both retail buyers and financial institutions, including financial behemoth Paypal.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

Continue Reading
Advertisement
Comments

News

AOT Issues Bench Warrant against Sanusi, Aero Contractors MD

Published

on

Captain Ado Sanusi, managing director, Aero Contractors Company of Nigeria Limited,
Kindly share this post

Advertising Offences Tribunal (AOT) has issued a bench warrant for the arrest of Captain Ado Sanusi, managing director, Aero Contractors Company of Nigeria Limited, for failing to appear before the tribunal in an ongoing case concerning alleged violations of Nigerian advertising laws.

Captain Ado Sanusi, managing director, Aero Contractors Company of Nigeria Limited,

The Advertising Regulatory Council of Nigeria (ARCON) filed a 22-count charge against Captain Sanusi and Aero Contractors, accusing them of exposing advertisements targeted at the Nigerian market without obtaining the necessary approval from the Advertising Standards Panel (ASP). This, according to ARCON, contravenes established Nigerian advertising regulations.

The case was initially scheduled for hearing on February 26, 2025. However, during the proceedings, Captain Sanusi was absent, prompting his legal representatives to assure the tribunal of his presence at the next hearing while also pleading for leniency. Despite these assurances, the defendant failed to appear on the adjourned date.

Given Captain Sanusi’s continued absence, the Advertising Offences Tribunal, in line with its mandate to enforce compliance with advertising regulations, issued a bench warrant for his arrest.

The tribunal has ordered that he be presented at its next sitting, scheduled for May 8, 2025.

 


Kindly share this post
Continue Reading

News

US Cancels Visas for All South Sudanese Passport Holders

Published

on

Kindly share this post

Marco Rubio, US Secretary of State, at the weekend announced that the United States would be cancelling all visas held by South Sudanese passport holders and halting the issuance of new visas.

US Cancels Visas for All South Sudanese Passport Holders

Donald Trup, US President

This decision comes after allegations that South Sudan has failed to accept the return of its nationals who have been deported from the United States.

Rubio stated that the US State Department “is taking actions to revoke all visas held by South Sudanese passport holders and prevent further issuance to prevent entry.”

The action is part of a broader diplomatic stance, as Rubio criticized the South Sudanese government in Juba for “taking advantage of the United States.”

He further emphasized that “every country must accept the return of its citizens in a timely manner when another country, including the United States, seeks to remove them.”

Rubio also added that Washington would be open to reassessing these measures if South Sudan demonstrates full cooperation with US immigration policies.

South Sudan, which became the world’s youngest nation after gaining independence from Sudan in 2011 through a referendum, has been marred by conflict since 2013.

The violence erupted when leader Salva Kiir Mayardit dismissed his deputy, Riek Machar, accusing him of attempting a coup.

Despite peace agreements inked in 2018 and 2022, the country continues to face instability and periodic violence.


Kindly share this post
Continue Reading

News

Meningitis Outbreak Kills 151 in Nigeria – NCDC

Published

on

Kindly share this post

Nigeria Centre for Disease Control and Prevention (NCDC) has confirmed that Nigeria is battling a meningitis outbreak that has led to 151 deaths and 1,826 suspected cases, with a case fatality rate (CFR) of 8.3 percent.

Meningitis Outbreak Kills 151 in Nigeria - NCDC

Meningitis is an inflammation of the membranes surrounding the brain and spinal cord (meninges), often caused by infections, and can be a medical emergency requiring immediate attention.

The outbreak, which has affected 23 states, is putting significant pressure on public health resources, particularly in northern Nigeria, where the majority of cases have been reported.

According to the Epidemiological Week 12 Report, which covers the period from March 17 to March 23, 2025, a total of 289 samples were collected from suspected cases, and 126 of these have been confirmed as positive, yielding a 44 percent positivity rate.

Among the confirmed cases, the most prevalent strain is Neisseria meningitidis serogroup C (NmC), which accounts for 27 percent of cases, followed by Neisseria meningitidis serogroup W (NmW) at 13.5 percent.

The outbreak predominantly affects children, with those in the 5-14 age group making up the highest proportion of both suspected and confirmed cases.

Additionally, the outbreak shows a significant gender disparity, with 60 percent of the total suspected cases reported in males.

The situation is most severe in 10 states, with Kebbi and Sokoto being the hardest-hit, accounting for 94 percent of suspected cases.

Gwandu LGA in Kebbi has reported the highest number of cases, with 313 suspected cases, followed by Tambuwal LGA in Sokoto with 155 cases.

In response to the growing crisis, the NCDC has stepped up surveillance, sample collection, and public awareness campaigns. Efforts to provide vaccinations and other interventions are being prioritized in high-risk states to curb the spread of the disease and prevent further fatalities.

Health authorities are urging Nigerians to seek immediate medical attention at the first signs of meningitis, including fever, headache, and neck stiffness, in order to reduce the risk of complications and death.

 

 


Kindly share this post
Continue Reading

Trending