solutions that allow shop owners to accept Bitcoin and auto-convert to naira instantly to avoid 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.
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.
I'm happy to be here, I never knew we have Nigeria discussion place here.
Other forum I join don't have a place like this.
Op this is a brilliant idea, if this is set up it would definitely be a very good invention because, we so many people using crypto in this country if there is an application that can auto convert to naira and also has the ability to function like every other microfinance bank it would save us the stress of going through exchanges to convert using P2P beside p2p these day is becoming filled with scammers it's only our application of wisdom is saving us from being a victim of the scam those p2p are putting up. With this idea just imagine say opay dey accept bitcoin then instantly convert am to naira wey you fit send to anybody.