1. Bitcoin helps Nigerians escape inflation and protect their wealth:
Bitcoin helps Nigerians escape inflation by allowing them to save money in Bitcoin which holds value better than the Naira, that loses value due to rising prices and devaluation.
For example:
If you were saving 500 thousand naira in a bank in Nigeria far back 2019 till now the money has lost value however saving that same amount in Bitcoin and holding it till date would have added more value to the money equaling it to millions of Naira today.
2. access global financial opportunities:
Bitcoin helps Nigerians to do online business, or freelance globally without needing foreign bank accounts or dollar approval.
A lot of people in Nigeria are now working online and in different countries while still based in Nigeria and payment of salary is then made easy, most of us here receive payment from our different campaign through Bitcoin.
Bitcoin in Nigeria is not just limited to online, its usage among Nigerians is increasing day by day. Coming outside the traditional banking system, Nigerians are now transacting through Bitcoin, they are earning, saving and investing through Bitcoin on a regular basis. Again, it is used as an alternative to dollars because when buying dollars, the bank or government has control. It is much easier to transact with Bitcoin internationally outside the borders of your own country. Honestly, it is like a blessing for us.