Topic: The liquidity of Bitcoin to ECOWAS. (Read 86 times)
Bitcoin is a universal currency that anyone can use. The best way to use Bitcoin is to buy and sell goods. I hope Bitcoin will be recognized and used by everyone one day.
When it comes to advertisement and publicity on the internet Nigeria is ahead of other African countries, so Bitcoin gaining popularity in Nigeria will also help in its liquidity in West Africa and Africa at large,
I just know in the coming years Bitcoin popularity will be well noticed and appreciated, maybe making it a legal tender in an African country Will Also help in its liquidity, or let's say the Bitcoin is used in trading among ECOWAS country
IMHO, it doesn't have to be a legal tender for these countries. What they only need to do is to support their citizens and if there's a large liquidity that comes from African countries, they don't have to make it hard for these people to go with this market.I just know in the coming years Bitcoin popularity will be well noticed and appreciated, maybe making it a legal tender in an African country Will Also help in its liquidity, or let's say the Bitcoin is used in trading among ECOWAS country
One simple rule like forgetting about the potential ban is already going to be a helpful thing for these citizens as Bitcoin gains popularity from that region.
Because with such news about banning it from that region or for some African countries, that's making it more difficult for the people to get engaged and have their own freedom for having another source of income through trading.
yes, I have heard how much bitcoin is used in nigeria and neighboring countries and how quickly it is gaining new users. And the best thing is that Nigeria is developing and growing in population:
"In 2022, Nigeria's population was estimated at around 219 million individuals. Demographic projections show that the Nigerian population might experience a constant increase in the next decades. By 2050, it is forecast that the population will grow to over 377 million people"
https://www.statista.com/statistics/1122955/forecast-population-in-nigeria/
So there is the power of young people open to new technologies. the only question is how it works legally. I heard that bitcoin is not entirely legal there?
When it comes to advertisement and publicity on the internet Nigeria is ahead of other African countries, so Bitcoin gaining popularity in Nigeria will also help in its liquidity in West Africa and Africa at large, "In 2022, Nigeria's population was estimated at around 219 million individuals. Demographic projections show that the Nigerian population might experience a constant increase in the next decades. By 2050, it is forecast that the population will grow to over 377 million people"
https://www.statista.com/statistics/1122955/forecast-population-in-nigeria/
So there is the power of young people open to new technologies. the only question is how it works legally. I heard that bitcoin is not entirely legal there?
I just know in the coming years Bitcoin popularity will be well noticed and appreciated, maybe making it a legal tender in an African country Will Also help in its liquidity, or let's say the Bitcoin is used in trading among ECOWAS country
yes, I have heard how much bitcoin is used in nigeria and neighboring countries and how quickly it is gaining new users. And the best thing is that Nigeria is developing and growing in population:
"In 2022, Nigeria's population was estimated at around 219 million individuals. Demographic projections show that the Nigerian population might experience a constant increase in the next decades. By 2050, it is forecast that the population will grow to over 377 million people"
https://www.statista.com/statistics/1122955/forecast-population-in-nigeria/
So there is the power of young people open to new technologies. the only question is how it works legally. I heard that bitcoin is not entirely legal there?
"In 2022, Nigeria's population was estimated at around 219 million individuals. Demographic projections show that the Nigerian population might experience a constant increase in the next decades. By 2050, it is forecast that the population will grow to over 377 million people"
https://www.statista.com/statistics/1122955/forecast-population-in-nigeria/
So there is the power of young people open to new technologies. the only question is how it works legally. I heard that bitcoin is not entirely legal there?
Bitcoin have passed the taste of time and those that have embrace its use have now seen the potential it possesses and gives room to more economic growth and financial freedom. We have witnessed how bitcoin have progressed since inception and it is a very good sign of its dominance in the nearest future.
The approval of it as legal tender is only caused by its decentralized nature, but with time I am sure that will be passed and will become a global currency for easily cross border payment. I love the way African countries are also emulating bitcoin, it will help in economic development in that region very well.
The approval of it as legal tender is only caused by its decentralized nature, but with time I am sure that will be passed and will become a global currency for easily cross border payment. I love the way African countries are also emulating bitcoin, it will help in economic development in that region very well.
bicoin in particular and crypto currencies in general have formed a very large economic community. so people can earn from this commodity. but there is a drawback that it is not yet recognized as legal tender. so not all can use bitcoin payments.
So if in Nigeria, opening a large education about crypto currency is the right thing because it can improve the economy in the country.
So if in Nigeria, opening a large education about crypto currency is the right thing because it can improve the economy in the country.
Btcoin is the tool to financial freedom as displayed here. Money for so long has been a colonial tool used to control the public and determine which direction wealth flows in.
Prior to Bitcoin the only other option to escape a financial prison will be to transact using exchange of goods, but Bitcoin offers a secure, borderless, and decentralized means of exchanging value. I am.very optimistic for how much it can be used in the next couple of decades.
Prior to Bitcoin the only other option to escape a financial prison will be to transact using exchange of goods, but Bitcoin offers a secure, borderless, and decentralized means of exchanging value. I am.very optimistic for how much it can be used in the next couple of decades.
crypto currency has made its way into Nigeria an Anglophone country, and the economic head of the ECOWAS community, Bitcoin education is also penetrating the Francophone countries of ECOWAS with Senegal taking the lead, the biggest advantages of Btc is that it is very accessible and versatile, which can be used to buys goods and pay for services in places accepting it, Recently Senegal opened its Bitcoin education and exchange centre called the Bitique, Senegal has never hid their criticism of the west African CFA franc currency, which francophone countries in ECOWAS are subjected to.
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