Post
Topic
Board Nigeria (Naija)
Merits 1 from 1 user
Re: USDT better pass domiciliary account
by
Doan9269
on 18/08/2023, 15:13:47 UTC
⭐ Merited by hugeblack (1)
As we dey see our naira dey drop the symbol of our currency just dey dey worthless every day many people won turn to foreign currency at all cost and the way to do so for this country na to have domiciliary account if you one leave your money for bank or you fit use your niara go buy US dollar keep which I no advice, it's risky keeping money especially if the money dey huge.

Any consciouss minded businessman will always avoid having his money on local currency because of devaluation over time, if you also have them in USD it's somehow fair in the sense that it will appreciate over time on your local currency being devaluated while the worth is also affected by inflation with that same USD, but the best way to store or hold your finances today is with bitcoin in cryptocurrency.
 
I never trust our banking system for one dey but the urge to get my money out of niara propelled me to going to get domiciliary account but the shege I see during the process no be here. The demands come they tire me and this na my money we dey talk about here, I still got it but I come reason say it's not worth the struggle and time and effort, and e just be like say I don give my money to the government and them fit freeze am anytime they want.

Having a domiciliary account is not the final solution to financial economy and it's challenges in dealing with centralized financial institutions, first is that they require a high maintenance fee for account, ATM card and transaction fees, bitcoin wallet does not have any of this issues as a problem, the more a decentralized network is needed while banks in any form aren't the solution to this by any chance.