Central Bank Action On Money Transfer Services Gives Bitcoin Yet Another Boost
The Central Bank of Nigeria has passed a rule that leaves most Nigerian money transfer operators unable to provide services to that country, making bitcoin a more valuable remittance tool, according to The Daily Post Nigeria.
Only three companies – Ria, Money Gram, and Western Union – can continue money transfer operations. Nigerians using these services will have to pay high fees for sending money across international borders. Hence, bitcoin offers a solution since it allows people to send any amount anywhere at any time at negligible cost, usually in less than five minutes.
https://www.cryptocoinsnews.com/central-bank-action-on-money-transfer-services-gives-bitcoin-yet-another-boost/