Post
Topic
Board Nigeria (Naija)
Re: The Optimum Usefulness of Bitcoin in Nigeria
by
IceLincoln
on 06/08/2025, 16:18:24 UTC
When it comes to Bitcoin transactions in Nigeria, judging from the Bitcointalk forum and my personal discussions with some Bitcoin savvy individuals, I’ve always noticed that if it's not about holding, then it’s either trading or staking. Most of the P2P posts here including those warning us about scams seem to be related to trading, from what I can tell at the moment.
Given the nature of Nigerian society, many people might not be tech-savvy enough to become traders or get into staking, which narrows down the option to f simply want to hold.
I believe we can all agree that the ultimate goal has always been to make Bitcoin a legal tender.

Now, I don’t want to limit the usefulness of Bitcoin, so I’d like to ask; have you had more real-life problem-solving situations where you had to make transactions with Bitcoin? For instance, have you ever used it to purchase land, pay a bride price, or buy a new car?

This question aims to open more people’s eyes to the endless opportunities that can come from investing in Bitcoin and crypto at large.
My brother the major aim or goal for us as Nigerians or bitcoin holders no be to make bitcoin legal tender, we never even Dey get better adoption for the country. I also know say bitcoin no support staking so nobody Dey run am, na cryptocurrencies wey support proof-of-stake dem Dey stake bitcoin na proof-of-works.
Omo some people Dey use bitcoin dey pay for some services but na on a personal basis, if one big company now start to accept crypto payments e go help drive adoption for the country.