Bitcoin: Solution to the problem of remittance in Nigeria

Forum 7 years ago

Bitcoin: Solution to the problem of remittance in Nigeria

The Central bank of Nigeria has come up with a rule that leaves most Money transfer operators (MTOs) unable to provide services to Nigeria. With only three companies – western Union, MoneyGram and Ria able to continue operations, Nigerians in the diaspora are stuck with the high fees associated with these Money transfer operators. This has pose a huge concern to Nigerians home and abroad who like to move money across international borders.
However, the introduction of bitcoin into our world has revolutionized the way money is being transferred around the globe. With bitcoin in our world, we no longer have to worry about the local and international regulations that plague international money transfers to and from Nigeria, since it allows you to send ANY amount, ANY time, to ANY part of the World in almost less than FIVE minutes, at almost no cost. Bitcoin is no longer the new strange technology it used to be, as many individuals and organizations around the world now realizes that it is the cheapest, yet the fastest means of sending and receiving funds in our planet today. Not only that, it also ensures a safer delivery of your fund, without being monitored by any government or any individual, since it makes use of the decentralized technology called blockchain.