Post
Topic
Board Nigeria (Naija)
Re: Your opinion about Bitcoin being a viable solution for sending money to Nigeria
by
Davidvictorson
on 07/08/2025, 23:52:45 UTC
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?
In this one, we still dey far far back. E go hard to see anybody wey go send you moni for bitcoin to Nigeria unless say the person na bitcoiner. Every other person go just send you USD na bank you go go to collect am. Me sef don reason am with one of my colleagues for our office when we dey wan collect our company USD from our bank. The whole process just too long. After you don collect the money, you go come go find bureau the change to do the whole conversion. If to say na bitcoin, from oue office we don run everything. But just like I tok, people go always prefer the physical USD to bitcoin afterall e dey hard for old person to learn how to use left hand to write for old age.