2. If the exchange rate of Naira to dollar on the bank p2p is not higher and expensive compared to the current rate on crypto exchange. (e.g if the bank app rate is 1500/$1 while crypto exchange rate is 1550/$1)
I think because of low rate, this is what will attract so many people to use the bank exchange and if this happens in the future the bank will use this as an advantage too.
I will not.
But people will because many people do not care and some will think the bank is the best for them. But crypto existed without banks and they can still always exist without the banks
Many people will see it as nothing, because they have been doing without bank ever since
Before 2021, when the FG announced the cancellation of crypto-related matters with Nigerian banks, I believe Nigerians had been trading crypto with banks. They had no issues with that.
If it happens tomorrow that we can trade our crypto with banks, there's no issue with that. It's a welcome development. Nigerians will trade their crypto with the one more convenient with them "exchange P2P or bank'' it's a choice
For sure. People will make comparison and choose which is the best for them but if it happens now their is a big different between now and then when people go to the bank for exchange. Now we have much population in the crypto industry and now now exchange will be on mobile.