Quote from: Cryptohygenic on August 31, 2025, 10:08:48 PM

No be lie but the benefits of the bitcoin dey privilege across all borders globally not be only Nigeria. Na most convenient system to send money to send or receive money from abroads way the normal extra service charge like when u send big or bigger amount of value. And the transaction process dey faster than the banking system and the process dey more facilitating than the banking complexity.

Yes, the use of Bitcoin is not limited to Nigeria, I just wanted to explain the benefits of using Bitcoin in various fields in my country. Here I want to explain how Bitcoin can be used to bring in foreign currency (remittance) and its benefits.
Yes, it must be admitted that there are many more countries than our country that can use Bitcoin freely and the use of Bitcoin is widespread in their countries.
When the inflation of fiat currency is widespread worldwide, the government of our country should preserve Bitcoin and allow Bitcoin to be used freely.

Quote from: Evergreenpost on August 31, 2025, 10:15:12 PM

The advantage I love about Bitcoin is that, unlike the CBN policy which limits the amount an individual or company can transfer abroad daily or monthly, Bitcoin has no such restrictions. In Nigeria, there are strict limits on the amount of money one can transfer both within and outside the country, and these policies are strictly enforced.

For example, someone wanted to make a payment to an institution in Malaysia. We tried using Mastercard and Verve, but it didn’t work until a friend in Malaysia helped make the payment on his behalf. That was when we realized the Nigerian government restricts the amount one can transact with Malaysia in a single day. Bitcoin, however, makes it possible to bypass such barriers.

In addition, A friend of mine has used btcoin to recieved money from abroad several times and it was very simple and fast.

One of the reasons why Bitcoin is so popular is that it has no third party control over it. If you need to transact $10, you can do it, and if you need to transact $10 million, you can do it. And it will be much faster than the banking system.