Quote from: Despairo on August 18, 2022, 09:51:55 AM

Quote from: Adbitco on August 18, 2022, 08:44:40 AM

I wondering how it's possible the Nigerian banks doesn't allow Bitcoin, but at the same time the business can accept Bitcoin as payment? Why does the business and banks have different laws? I think the government itself who agree or disagree to accept Bitcoin.

But I would say Nigeria isn't a free country about Bitcoin usage since you're still get limited since the bank still ban Bitcoin related transactions.

Sorry to call your attention and as well trying to go deep into this or deviating from this topic..
I will simply elaborate why all is happening at a time. About last years the Nigerian Government launches e-Naira.
eNaira is a Central bank digital currency (CBDC) issued and regulated by the Central Bank of Nigeria. Denominated in naira, the eNaira serves as both a medium of exchange and a store of value and claims to offer better payment prospects in retail transactions when compared to cash.

Source

Before then youth already gotten used with bitcoin transaction and banks were dealing directly to personal accounts; that is to say, transactions around us with trading initiating payments from exchange to directly to our local accounts. At this points the government at their own selfless and selfish gain restricted transaction associated with local bank accounts but do not place a total ban in the country to deal with bitcoin, anyone can transact, buy goods with bitcoin and even most of mall and gas stations accepts bitcoin and many more. So this why we said is a free country and is tax free.

Days ago i boarded a vehicle and paid with bitcoin, i was so surprised seeing a Bolt driver saying " Boss you fit pay me with bitcoin if you get am for your wallet". Now what triggers this was as a result i wanted to pay him with Naira and at this point i brought out my phone to make a local bank transfer to him immediately he sighted directly to phone and saw the Trustapp and Binance App, he asked if i trade bitcoin and i said yes. He responded 'WOW"! then next he said 'boss me 2 dey receive bitcoin as payment for my services o'. I just said send me your address lemme pay you.

That was how it goes!