Bitcoin is able to be a viable solution for sending money to Nigeria, mostly for bypassing high bank fees and slow traditional transactions. Bitcoin is fast, without borders and even cheaper, when sender and receiver knows and understand how to operate it safely. Though it is not perfect. Price instability, no tech know-how, and possible scams are real risks. Those who are relaxed with crypto and safety basics, it provides a to do option. For some others, it might just be more of a gamble rather than a solution.
What's your view a out this?
with the rate of poverty in Nigeria and the situation of things around us, Bitcoin will never be considered as a means to send money in Nigeria by both traders and even Bitcoin enthusiants because for some reason Bitcoin transactions fees will be the major challenges that will make many people to avoid using Bitcoin for their daily transactions, despite that Bitcoin offers a lot of features that make it look as the best replacement to Fiat system when sending money.