Post
Topic
Board Bitcoin Discussion
Re: Future of bitcoin in Nigeria
by
Mpamaegbu
on 21/07/2018, 03:44:44 UTC
I've heard from the news that Nigeria is considering using bitcoin as their currency, or at least the citizens are more interested in using it because their currency, the naira, has worse inflation than bitcoin.
You truly deserve an award for this funny post. How do I get that across to you. DHL or UPS? How do you mean inflationary more than Bitcoin. Come on dude, the volatility of Bitcoin has no comparison with any currency or metals even from the time of the biblical King Solomon till date.



You are absolutely correct on this, I had never come across any shop where bitcoin is being accepted as a mode of payment for goods and services anywhere in Nigeria, however as far as buying and selling bitcoin is concerned I used this popular forum nairaland business section where I carried out my transactions with  trusted agents using an ESCROW.

gabbie, you could put out the link to that thread on Seun's nairaland site? I like to know about it because I know he placed an outright ban on speculative businesses such as Forex Trading and cryptocurrency.
Mpamaegbu, this is the thread link http://www.nairaland.com/3190496/currency-e-currency-market-deals  where I do trade my btc to fiat whenever I needed some cash I had the opportunity of trading with these guys, Sirambassador, Ibraheem001 others are ladyf and modath they are very trusted and reputable on that thread however I always recommends using an escrow because of a lot of scammers are there too, a lot of btc is traded on daily basis and one of the largest buyers are found in that forum in Nigeria.
Thanks my guy for the heads up.