Re: You fit trust Bureau de change operators if they start exchanging btc?
It is a popular occurrence to have bureau de change operators hang around popular spots in towns expecting to have people come over to them to change one hard currency to another. While passing through one of the popular junctions in my city, what I could hear was, change dollar, change gold, change pounds, I get all the currency. Small thing nai remain for me to ask am say if e fit change bitcoin as play play, but I did not and have been reasoning to myself if I go fit trust these guys enough to come dey do physical bitcoin transaction with them? You fit run bitcoin transaction physically with these kind people if e happen say dem still agree say dem fit change your bitcoin for you?
There are different Bureau De Change, there are street vendors bureau De change, there official and recognize bureau De change and there Banks Bureue De change. The central bank of Nigeria supply dollars to only the recognized and approved ones and other commercial, so if there is going to be approval in the future, central bank of Nigeria is going to approve only the ones they recognize for the safety of the people and to avoid anything scam related.
Right now, the street Bureau Dchange are not even safe for you to trade foreign currency because they are not regulated and most often cheat people with counterfeit fiats money. We have seen many videos of victims online how they loss money to this street vendors that scam people and give them fake foreign currency, now imagine what they are going to be doing if Bitcoin is accepted by BDC, EFCC will have alot of work on their table when that's finally happen in Nigeria.
