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.
This thing way you talk so na better idea oh, but the truth be say I never really see stores way dey accept crypto transactions after customer buy something finish then won pay for things way them buy. If no be online stores I never see for physical.
Watin you talk make sense but you dey sure say if business people start to accept crypto payments after business deals government go start to dry collect taxes from them? Normally government done dey talk about this tax thing for long and now them really done set date way them go carry out this their plans say by next year them go start fo dey collect tax from all business people so far as say you dey make above 800k per year. So even those wey dey deal on crypto currency to go also begin dey pay their taxes.
read this content about new laws of paying tax