Topic: Future of bitcoin in Nigeria - page 3. (Read 952 times)
You know, Nigeria has issued warnings against some of its former digital currency, including Bitcoin. I think that in Nigeria bitcoin as well as other digital coins such as: Bitcoin, Ripples, Monero, Litecoin, dogecoin, Onecoin, is not legal, so any bank or organization makes such virtual transactions may be at risk.
In my opinion in the countries of Africa it is saving pool too accept and use bitcoin faster than everybody in the world because it would be a great improvement of their economic system.
Despite the criptocurrency are popular all over the world ,but in Nigeria it seem very new to them.
Maybe the government of Nigeria needs time to study it first before taking some action, Nigeria has a very huge potential in crypto, i'm sure people of Nigeria come up with a solution about crypto, it's a matter of time I think.
African countries are lagging behind in technology as a whole and not the blockchain technology in particular. Most of the holders of crypto only use them for trading on exchanges and no real usage of their coins
Bitcoin has a more rapid development potential in Africa, and people here are in great need of block chain technology, both in banks, medical care, and employment.
Those people need to prioritize bitcoin in able to lessen the poverty because we all know, Nigeria is part of Africa and Africa is one of the poor place in the world. With bitcoin they can help unemployed citizen, the government just need to provide those people a tool for it. Or maybe the government itself can involved itself in bitcoin so that they can help in boosting there economy.
It is easy to say but actually hard to do. how can they prioritize bitcoin if they dont have a device to access it? You know mate nigeria and other related cities in the africa are known to be poor , they dont even have an internet coverage or electricity on their country .
so overall i think the future of bitcoin in negeria will not be bright as on what we see on other developing countries .
Not only on nigeria but also to any other poorer countries that bitcoin may seem impossible to be recognized .
Bitcoin has a more rapid development potential in Africa, and people here are in great need of block chain technology, both in banks, medical care, and employment.
Those people need to prioritize bitcoin in able to lessen the poverty because we all know, Nigeria is part of Africa and Africa is one of the poor place in the world. With bitcoin they can help unemployed citizen, the government just need to provide those people a tool for it. Or maybe the government itself can involved itself in bitcoin so that they can help in boosting there economy.
Bitcoin will still grow in Nigeria, just that people are not educated about the Bitcoin
How can we get them educated?
Education is really important! education is key, for kids who go to school maybe integrate it somehow into there studies, have night time studies for adults, just find a way to get people involved and maybe more people will be interested in crypto and blockchain.
African countries are currently hit by bitcoin, including in Nigeria, I think at this time we have to support any decision on the community itself, even though only a few understand about bitcoin, hopefully in the future we will all that year
Nigeria has a lot of oil but a lot of the funds go to the wrong sort of people. With bitcoins it would be more transparent so there will be less scams with dodgy oil deals
Yes, true. too many of their oil funds go in the hands of the wrong people. maybe in the presence of cryptocurrency will help the african economy. positive value for cryptocurrency.
in countries such as Nigeria when recession is high the btc may be very valuable to be used as it can open much more opportunities and expand the economy.
I don't think Nigeria is too far behind in bitcoin and blockchain technology at large. I've watched a couple of videos about some ICOs and I've seen few Nigerians demonstrating some good knowledge about bitcoin and cryptocurrencies. I found out that there are third party companies that allow you to change your local currency into bitcoin and get to trade with your bitcoin.
Future of bitcoin is very bright. The beginning of everything is always despise by many people. Is not only in Nigeria that is facing problems with bitcoin utilization. Most people have not understood and realized the importance of it.
Well I think Nigeria has a future in cryptocurrency because recently a team from Nigeria successfully raised good amount of money from an ICO through bountyhive to launch an exchange called kurex.The exchange will bring more people from that country to start thinking cryto.But the rate of cyber crime in Nigeria is a major threat to cryptocurrency growth in that country.
Barely, few people in Nigeria know what bitcoin is, i once ask my friend to invest in bitcoin what he told me shocked me, that i want to lure him into yahoo yahoo
If that happends in nigeria thats good news why? It will help tha population economy in nigeria some people think that nigeria
Is a over populated and poor country but if bitcoin will be legal in nigeria it will help there country a lot.
Is a over populated and poor country but if bitcoin will be legal in nigeria it will help there country a lot.
bitcoin pretty quickly gaining popularity in Nigeria, he has great prospects there!
When I were young, I already know Nigeria, some folks I know engage in electronic money related activities because many of them know the benefits of blockchain technology but the government is fighting using bitcoin in the country and This is not recommended for people because the government is unstable and jobs are not provided to citizens. So, the future bitcoin will definitely grow in Nigeria
Bitcoin and crypto in Nigeria If Nigerians do a great job with bitcoin, the future of bitcoin in Nigeria will be bright as they can use bitcoin as a replacement for payment in the store or store. in their country. Bitcoin is a great help in a country if they just handle it and use it seriously.
According to the cryptocompare, the "naira-bitcoin" trading pair became the 23rd in the world for trading volumes among national currencies. The "naira-bitcoin" trading band is about 0.03% of world trade in the first electronic currency. For the poor of the Third World, this is a good opportunity to escape poverty. If Nigerians do a great job with bitcoin, the future of bitcoin in Nigeria will be bright as they can use bitcoin as a replacement for payment in their stores or stores in their country. Bitcoin is a great help in a country if they just handle it and use it seriously.
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