Quote from: Biggeno on January 12, 2024, 06:29:25 PM

Mata carry am say even our C.B.N neva accept am as legal tender, so dem no really put hand for the thing (cryptocurrencies)

Central Bank of Nigeria does not regard bitcoin as legal tender and they didn’t stop the citizens from using is also. It was only stated clear about how volatile investing in such currencies will be and have earlier stopped all banks from having anything to do with them. A breath of hope came in this new administration as they to regularise the use of it. This seems like a form of embracing the use but I still feel it is for their own benefit and not for the benefit of all.

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Now despite this, the very educated literates and financial guru for obodo-naija know the impact of this cryptocurrency thing and how e fit transform lifes basically through investing in them

This aspect is what most Nigerians don’t know about bitcoin and are still uninformed about the importance of it. Lack of proper information about bitcoin has also limits its adoption by the people. Also the literacy level and computer knowledge of people also play a substantial role in this regard. If correct information is been given about bitcoin to the public, I am sure more people will embrace it.

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I no know for others ohh, but for me I feel say if our naija put hand for cryptocurrency mata, our country go really get some sort of standard and maybe some kind things no go even affect we the citizens, that I believe..

But if I go kindly ask watin be your own take for this my small topic?

You can think so since you’ve already assumed that bitcoin investment can lead to a source of financial freedom for some people who have embraced it. About standard of the country; bitcoin could improve it but I don’t know to how length it can penetrate. This is a very volatile asset that can make someone have a standard life and at the same instance make you lose some money. Seeing it more a means of financial services will help more and will reduce the high hopes of the public not to expect something huge from it so as to avoid big disappointments.