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.
In Nigeria, it is not as easy as you think to purchase all these with Bitcoin because of security purpose except the seller has to be a Bitcoinner, that is when you can use it to buy lands and cars,but in terms of bride price, traditions does not accept bitcoin in any way, therefore you have to change the our bitcoin to your local currency and no matter how accepted Bitcoin can be in Nigerian can't be used to pay bride price because we are Africans and believe strongly in traditions .
Investing in bitcoin has being an eye opener to all Nigerians involved in bitcoin.