Quote from: Renampun on June 30, 2021, 02:33:55 PM

Quote from: guefrger on June 28, 2021, 04:59:48 AM

According to local Nigerian media Kano Focus, the new Oxford University of Technology in Chiranchi, Kano, Nigeria, has adopted cryptocurrency to reduce tuition fees. Principal Sabi'u Musa Haruna stated that this decision was made after proper consultation with parents. In addition, the principal also urged the federal government to accept and formalize the cryptocurrency system as soon as possible.

is this not dangerous for the future of that school?

it is clear that Nigeria bans cryptocurrency there and I afraid the school will be sealed by the government for violating the rules there. hope that the school's struggle in persuading the Nigerian government to adopt cryptocurrencies can be carried out.

It is obviously very risky for the school to accept cryptocurrencies as school fee going by the recent pronouncement by the central bank of Nigeria against the use of cryptocurrencies related transactions by any exchanges or any third party that facilitiate any exchange of cryptocurrency to fiat such an exchange bank account will be frozen according to the CBN official.
Although the School authority will resort to P2P in a bid to obtain fait however can have a buyer that can trade a huge volume of cryptocurrency school fee payment?