Quote from: EarnOnVictor on June 19, 2023, 12:09:36 PM

People now use either third parties for payments of something that supposes to be private, and as such, pay more, or are forced to use the dollar version of the cards which goes with more issuance and maintenance fees thereby enriching the banks more.

You are correct.

The issuance fee with the bank that I am using is quite not expensive, which is ₦1000 in 3 years, but the maintaining fee is quite expensive, a fee of ₦7500 annually. In total, it is expensive. I do not spend much internationally for now and I do not see any reason of going for the bank dollar card.

Worth knowing that you can only fund the dollar card not directly from the bank, but from sellers with parallel market prices.

Two common third parties are Chipper cash and Payday. When dollar was at ₦752 naira in parallel market, it was around ₦780 on Chipper cash. Payday is of no difference which makes you correct. Their rate is expensive, and a maintenance fee of ₦2000 for Chipper cash. I have not used Payday before, but people said it is expensive just as Chipper cash.

Quote from: CryptopreneurBrainboss on June 20, 2023, 03:20:06 PM

This one na very positive news wey land like this, but me no go advise make we save for dollars at this times, Main reason to saved for dollars na say Naira go weak more but you think with all tinubu is doing and Dangote refinery say Naira go weak more? Dem dun open border already and so many other development wey make sense dey happen. I know say the effect won't be felt immediately as e go take some time. Instead of saving for dollar, ruin am for Bitcoin and I no dey talk this one because say we dey this forum. The benefits plenty. Bitcoin na one coin wey be say no matter how bad the market bad reach, when the time for bull season, na him go lead the market and na better profits you go dey get so.

Even if someone speculate very well, regardless of naira to appreciate against dollar or not, there are better times to hold bitcoin, and it is time like this when we are heading towards halving. But good for long term holding. If you want to use your money anytime soon, holding bitcoin is not advisable. Let us see what will happen, I still think we need to increase productivity in Nigeria, we should not only focus on petroleum, although it will help us to some extent, but if we do not focus on other aspect and increase the country work force, we are lagging behind as usual in Africa.