Topic: Future of bitcoin in Nigeria - page 6. (Read 958 times)
Nigeria is very supportive of BTC. If possible, I think BTC can change the economic crisis in their country, and BTC can solve the problem of inflation.
I am glad that as the years goes by, the involvement of crypto currencies to the different countries are keep on spreading, especially the use of Bitcoin. I am really glad, when I read this topic that there has been a good future awaiting on Bitcoin in this country. Nigeria will become one of those countries that make a good bonds to the Bitcoin.
With how they adopt bitcoin and crypto might have a great chance to lift their economy if they will fully understand the concept of this chain, it can help them developed and become competitive inside global market using this system, though it's still too early to assess that they will embrace this new innovations but I'm also looking forward that they will make a good decisions and study deeper the adoptions of this new alternative currency.
maybe in other countries bitcoin is very favored, as evidenced by the many enthusiasts in bitcoin. but in Nigeria perhaps still many people who do not know about bitcoin may have to be educated to the community to recognize bitcoin
You are absolutely correct on this, I had never come across any shop where bitcoin is being accepted as a mode of payment for goods and services anywhere in Nigeria, however as far as buying and selling bitcoin is concerned I used this popular forum nairaland business section where I carried out my transactions with trusted agents using an ESCROW.
Do not worry! now a lot of countries, politicians, people put a stick in the wheels of the development of the crypto market! I think that in the next 5 years there will be legalization of bitcoins in the whole world! with each passing day more and more people begin to use and study bitcoin and the entire crypto market system! In my opinion all African countries need faster development of the crypto market in their region! This allows you to save and increase your money, from very fast inflation!
Bitcoin is only really popular in Asia and Europe and America. Currently, in Africa, most people are unaware of the appearance of Bitcoin and cryptocurrency. Maybe Africa is a backward continent when they do not regularly use the internet
Bitcoin is the last of their concerns. The problems in Nigeria and Africa are deeply rooted in their governent and exploitation. Using cryptocurrency will not solve their problems.
Future of bitcoin in Nigeria will be more interesting, hopefully government in Nigeria wiill adopt bitcoin in thier country and apply some technology of bitcoin in terms of different transaction.
I am glad that as the years goes by, the involvement of crypto currencies to the different countries are keep on spreading, especially the use of Bitcoin. I am really glad, when I read this topic that there has been a good future awaiting on Bitcoin in this country. Nigeria will become one of those countries that make a good bonds to the Bitcoin.
They will come back to bitcoin and crypto. By the way I always wonder why the poor countries dont like to get rich through cryptoland. Something always out of my head.
Your words are very bad, because no country is poor. perhaps the nigeria's consideration of bitcoin has not yet reached a bright spot, meaning Nigeria has not been able to give a solution of the existing deficiencies dibitcoin so it can make people unsafe to use Bitcoin and other crypto.
I'm sure that when someday nigeria has got a solution to control Bitcoin, then a people of nigeria can smile in using Bitcoin.
Bitcoin is the last of their concerns. The problems in Nigeria and Africa are deeply rooted in their government and exploitation. Using cryptocurrency will not solve their problems.
I think Bitcoin and crypto will grow well in the African market, especially in Nigeria. more than 1000 traders there receive bitcoin transactions.
geographically, Africa will be a market for bitcoin and crypto, because Africa needs an alternative when their national currency weak. and cryptocurrency is the solution for them.
so, I think that bitcoin in nigeria will also has good development like other south African countries in Ghana, kenya, and zimbabwe.
geographically, Africa will be a market for bitcoin and crypto, because Africa needs an alternative when their national currency weak. and cryptocurrency is the solution for them.
so, I think that bitcoin in nigeria will also has good development like other south African countries in Ghana, kenya, and zimbabwe.
Countries like Nigeria should adapt Bitcoin and crypto because of their economic crisis. Its hard to even live a normal life in Nigeria so they should think of implementation of crypto widely.
The future of bitcoin in Nigeria, is only take effect on serious and minded person that commit his/her self towards the industry, base on time and financial level operation required. Hence, bitcoin has no particular country base, is a universal currency that helps the world economy.
African countries (including nigeria) are already aware of the importance of cryptocurrency in their businesses and encourage cross-border trade and payments. In fact there are more than 1000 merchants who receive Bitcoin in South Africa.
Moreover, the infrastructure for digital token takeoff was solid. Telecommunications liberalization across the continent has enabled internet access very well.
Figures from the GSMA show that half of the population in Africa subscribes to mobile phones. In addition, statistics state that over the past two years smartphone use in the continent has doubled to 226 million.
Moreover, the infrastructure for digital token takeoff was solid. Telecommunications liberalization across the continent has enabled internet access very well.
Figures from the GSMA show that half of the population in Africa subscribes to mobile phones. In addition, statistics state that over the past two years smartphone use in the continent has doubled to 226 million.
Knowing is different from using and exploring and until that happens, there is really no benefit to get from that on a large scale only individuals who have the zeal to go beyond the status quo would push themselves to know how to make the economic aspect of their lives better. Currently, I don't see Nigeria focused on that area as the only thing that could force some actions would be if something drastic happen that challenge the source of revenue to finance activities and the source is narrowed down to the use of bitcoin, nothing is happening. I have read about several statements, groups, meet-ups and conferences happenings but all of these are just fore the creation of awareness as nothing solid has been announced in that part of the world.
For countries like South-Africa, I believe they are the leader of technology in Africa and closest to the West which makes it a little bit easier for them to adapt to changes and be on also be on the forefront. They wont have any problem in adopting and researching.
Bitcoin is working with the level of understanding which leads to open people eyes they are some thing's we called digital money, which most Nigeria and other western Africa don't know about. Because we are now in new era of technology, which requires more information to be informed good people of Nigeria.
Bitcoin is the last of their concerns. The problems in Nigeria and Africa are deeply rooted in their government and exploitation. Using cryptocurrency will not solve their problems.
I can't agree with that. Most of their problems are about their financial status and Bitcoin is directly relevant to that issue...
Bitcoin will not solve all the financial problems of the state. It is not a wonderful remedy for everything. The country needs the involvement of state and local authorities in solving these problems. Unfortunately, in most African countries it's a huge problem with this.
Nigeria’s impact on the cryptocurrency market is not as big as we think.
So we don't have to worry too much about it.
So we don't have to worry too much about it.
I think most of the people in Nigeria don't know anything about the Bitcoin in real time, how it works and what does it mean for them. They need to involve Bitcoin in their society.
I hope bitcoin can grow in every country. But in Nigeria, it will be more difficult because of the education...
My fear.
Is not that Nigeria lacking behind?. Hell shouldn't be. I see lome Africans growing faster and faster when it comes to bitcoin utilization but here in Nigeria reverse is the case.
Is not that Nigeria lacking behind?. Hell shouldn't be. I see lome Africans growing faster and faster when it comes to bitcoin utilization but here in Nigeria reverse is the case.
I can imagine people have different worries in Nigeria than crypto, but I know there are some people people dealing with cryptocurrencies and I'm sure their number will grow in time
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