Quote from: Merit.s on August 04, 2025, 06:43:04 AM

Quote from: Agbe on August 03, 2025, 08:18:22 PM

Truth be told Bitcoin is still an emerging thing in Nigeria so in terms of usefulness especially as it comes to using it to purchasing things it's not that popular because in terms of acceptance level many people have not gotten the knowledge about Bitcoin so you can't use Bitcoin in purchasing things like lands or even paying bride price for now it's more about online payments but I believe that going forward the use of Bitcoin in the Nigerian ordinary day Market will be more common

I agree with everything that you said. Personally, I believe that acceptance of bitcoin by anybody depends on the individual if he is open to bitcoin knowledge and understands how it work before it will be possible. I have a small business that I am running and if a customer comes and want to pay in bitcoin, I will definitely accept.

Back to the bride price payment, I don't like the idea because it's a traditional thing and everything about tradition should be done in a traditional way. Some community pride is very little. My friend wife pride price was ₦10 and the other one ₦5000. Those amounts cannot be paid with bitcoin but fiat, because tradition does not accept transfer but cash.

Pure truth my brother, bitcoin as a legal tender in Nigeria is not that common actually, because many people are still ignorant about it and it's functions.

Sometimes I just wish bitcoin should be legalize and sign into law as a legal tender in our country and to entire the world at large because this innovation would have been the best experience ever, making life so easier to everyone.

This idea would have been the easiest means of making our daily transactions in our various businesses without any issues and there wouldn't be any cases of inflation in the society due to persistent increases in value over time. however, since Nigeria is a country that our leaders are pend on show casing their political powers on their subjects through a centralized finance and bitcoin being a decentralized coin, perhaps stripping this leaders of ours that financial power, I doubt If my desire or dreams of bitcoin being accepted as legal tender will ever come to real life.