Post
Topic
Board Economics
Re: Nigerian E-commerce Can Grow with Cryptocurrency Payments
by
Coyster
on 01/07/2024, 18:16:12 UTC
Are you talking about cryptocurrency payments or bitcoin payments, it does not mean the same thing and it is better if you keep it at bitcoin and USDT/stablecoin payments. It is a very good idea for Nigerians businesses to implement bitcoin and USDT payments, but remember that our government is somewhat hostile to cryptocurrencies.
3. Payment fees are lower with cryptocurrencies, saving businesses money. This means they can keep prices low, attract more customers, and increase their profit margins.
Bitcoin transaction fees isn't always low, and sometimes it can be extremely high, and that is very discouraging to prospective customers.