Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: We fit create means to educate our country men
by
Makus
on 18/01/2024, 20:12:47 UTC
⭐ Merited by Youngkhngdiddy (2)
Actually no be bad idea to start to accept Bitcoin for business transactions, because that na the main reason why satoshi Nakamoto create am. To  be used for P2P transactions, meaning majority of the time na business related stuff naim dey influence em transactions. It was created to be used as normal money but I the form of digital currency. However na because of the volatility naim make we come dey see am as an asset for investment. And that na the main reason why some persons don dey hide the ones wey Dem get, allowing just small amount to be used for transactions purpose. Anyway in consequent time, I believe say e go become very hard for Bitcoin to even dey fly around anyhow because of the value, and people no go like to wan dey trade again, Bitcoin go scarce.

But the only problem I see, when using Bitcoin as a p2p transaction channel, is the mempool congestion that we are experiencing now, that result to high transaction fee, and delay in transaction confirmation which is not good for business purposes.