So lately, no be new thing say the gas fee for any bitcoin transaction don increase wela and this one don push people to looking out for alternative ways to reducing this fees with people even opting to be paid in other means. But my interest here no be for bitcoin transaction oh, na the charges when our local banks de take from us on a regular.
Almost every morning when I go wake up I go de see this charge of 6.9 naira and no be just for morning oh, sometimes I go just see some alert when be say na small money and I no de too reason am but if you look at our frequent this money de comot, e fit amount to something big oh.
I never de talk of the one when if you de receive money, them fit send you 3k make you go check your balance de see 2800 and those other charges when de follow de the ussd transaction we de do.
How una see all this unnecessary charge matter?
Almost every morning when I go wake up I go de see this charge of 6.9 naira and no be just for morning oh, sometimes I go just see some alert when be say na small money and I no de too reason am but if you look at our frequent this money de comot, e fit amount to something big oh.
I never de talk of the one when if you de receive money, them fit send you 3k make you go check your balance de see 2800 and those other charges when de follow de the ussd transaction we de do.
How una see all this unnecessary charge matter?
This has been normalized by the Nigeria Banks since the 80s and the Central Bank of Nigeria is not doing anything against this atrocities commercial banks are doing to their customers but I don't see where this is close to the fee Bitcoin is asking. 6 Naira na small thing for where Bitcoin dy because na in Naira and it is way more cheaper than Bitcoin. You don Imagine say you want to send 200,000 thousand naira to another bank and your bank wan charge you 5,000 naira, you no go vex live the bank, that's almost what you might be charge using bitcoin to send from one wallet to another wallet.
No be lie, di way wey our banks de take nack us charges no get mate at all, you go see bank alert for your phone, you go come happy say money don enter, only to check am and na bank charge you go see, dem no go even bother to send you alert for some of them, you no go even notice the charges unless say na very small amount you get for your balance. But you no still fit to compere am to Bitcoin high transaction fees, especially as mempool never dicongest, transactions de take days to confirm if you choose to use small transaction fees. Banks no fit to charge you that kind transaction fees, infact banks de more convenient for transaction matters pass Bitcoin, dem de faster and cheaper.
