solutions that allow shop owners to accept Bitcoin and auto-convert to naira instantly to avoid volatility.
Shop owners need to be updated about this if they want to do it. If they are interested in accepting Bitcoin, this type of transaction can reduce volatility.
What I know is when you receive Bitcoin you convert it to USDT or you leave it in Bitcoin and then trade it using P2P exchange, so if a supermarket is interested in accepting Bitcoin they should employ someone who will be in charge in doing the P2P trading, for now I don't think there's an auto-convert to naira app or device, however it can still be developed. Having auto-convert to naira will be helpful because shops can now be accepting payment through Bitcoin without fear of volatility.
Yes, I also know that even if they take payment in bitcoin, they immediately convert it to USDT using the exchange on P2P. We have many big shops here that can accept these, but they are unaware of them, so they generally take payments in 'Naira only'. If they bring such an update, our youth here will feel comfortable using it. If a shop employee is appointed to exchange these, everyone will use them.
Some people may say it those not matter and that why should a shop owner be scared of bitcoin volatility when even if bitcoin falls in price it will surely rise again, if you are having this thought you need to understand that this is a business and they sell and restock there goods and they do this with the money they have already sold so you see they need to always have there money complete.
Not a few people, but many people, may think this is normal. Shop owners will fear bitcoin's volatility, which is also normal. However, if they know these and understand bitcoin, there will be no problem. If shops adopt this update method to keep pace with modernity, they can go a long way.