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Nigerians Are Using Bitcoin to Bypass International Trade Hurdles

Chukwuemeka Ezike sends thousands of dollars worth of bitcoin a month in order to trade with Chinese exporting companies.
In return, he receives spare auto parts, construction equipment, and juices for a family business his father started more than 30 years ago. Ezike works full-time at Singapore-based crypto exchange Huobi as its community manager but helps with his family’s business on the side.
He says bitcoin is faster than exchanging currencies the old-fashioned way. And he can use it to leapfrog bank limits of $10,000 a day, which he often needs to do.
Ezike doesn’t pay the manufacturer directly. Over WeChat, he works with a middleman named “Allen” who exchanges Ezike’s bitcoin for renminbi, China’s national currency, and then passes it on to the manufacturer. Ezike couldn’t divulge which companies he deals with, saying, “The Chinese are sensitive with the data that’s shared.”
He’s one of several Nigerians using bitcoin for this purpose. Ezike even helps other Nigerian companies make similar cross-border transactions with bitcoin.

Using bitcoin for global trade

In several ways, bitcoin makes sense for global trade. The currency jumps borders with ease, where other currencies encounter friction. If the counterparty is willing to receive bitcoin on the other end, it’s often faster and cheaper than legacy payments. But this can be a big “if,” since bitcoin is a newer way of transferring money and people aren’t exactly used to it quite yet.
While bitcoin has these nimble properties, it hasn’t disrupted international trade and value transfer just yet, especially given the currency’s current limitations. If more people use bitcoin at once, the network becomes congested and payments slow down.
Behind the scenes, developers around the world are working on the Lightning Network to fix these problems, so that more people, maybe one day even millions, can all use bitcoin regularly without seeing a spike in fees and sluggish transactions.
All that said, some Nigerians are becoming reliant on using bitcoin as a way to trade internationally, and are finding bitcoin has significant benefits over legacy financial systems.

Foreign exchange woes

Nigerian bitcoin entrepreneur Chimezie Chuta has another theory for why some are using bitcoin for trade with China and beyond.
Like most other countries in an increasingly globalized world, Nigeria imports a significant percentage of the goods that it uses. As Chimezie Chuta put it: “Nigeria is a very import-heavy country. Food industry, drugs, you name it, construction equipment, cars.” Much of these goods are bought from Chinese manufacturers. “Nigeria’s economy is heavily import dependent and China is a major import partner to Nigeria,” Chuta adds.
Nigerians have to struggle with this process, though. “Access to [foreign exchange (FX)] for importation by Nigerian business owners is highly limited because the [Central Bank of Nigeria (CBN)] has limited liquidity to cater for everyone,” Chuta told CoinDesk.
If Nigerians want to reap the benefits of trade, they need to hunt down a way to exchange their naira (Nigeria’s national currency) for other currencies. In Nigeria, finding U.S. dollars or Chinese remnibi is not an easy task. “Importers typically rely on the black market for the additional FX needed and that comes at a very high price,” Chuta said. This phenomenon has been covered in Bloomberg, for instance.
This is one of the other reasons Ezike has turned to bitcoin as an alternative. “The hustle for [the] dollar and all that is quite a thing I love to avoid,” Ezike told CoinDesk.
With bitcoin, he can “take out all international banking routing processes,” he said.
Others are reaching the same conclusion.
“Chinese exporters have expressed willingness to accept bitcoin payments for their goods; hence, many business people in Nigeria find it more convenient to make such payments with bitcoin for obvious reasons,” Chuta said, adding that bitcoin is speedier, open and trustless.

More naira problems

Entrepreneur Monyei Chinazaekpele was able to buy clothes, COVID-19 masks and tests from House of Trippy in China, to resell to customers in Nigeria.
He decided to use bitcoin after experiencing mounting frustration with current banking limitations, especially their impact on global trade. “I was enlightened about the monetary policies on the ground. I was shocked to my nerve,” he told CoinDesk.
Chinazaekpele reiterated Chuta and Ezike’s point that foreign exchange is tough in Nigeria. “You can’t easily switch to other currencies,” he said, adding that he’s hopeful it’s just “a matter of time” before this situation improves.
“Basically, bitcoin is stress free to use and honestly, the naira is not a good store of value,” Chinazaekpele said, pointing to the naira’s 12% inflation rate, which means the value of the currency depreciates by that much value every year.
Bitcoin’s price fluctuates, and sometimes the price goes down. But Chinazaekpele argues that bitcoin generally doesn’t have this inflation problem, since over the long term the price has been going up.
Chinazaekpele’s also looking to buy a cashew processor with bitcoin, but he’s still working out the details with the factory, which is also located in China.

Keeping it on the down-low

All this trade with bitcoin is happening behind the scenes. Businessmen and women on the ground aren’t exactly eager to publicize that they’re using bitcoin for international trade. For one, the legality of cryptocurrency is fuzzy in the region.
The CBN has issued several warnings to banks. The latest in 2018 advised banks “not to use, hold or transact in any way with the technology.”
“In the bitcoin space we don’t know what reaction to expect, so we try to be a little bit discrete,” Ezike told CoinDesk. That’s why he doesn’t want to reveal the name of his father’s importing business. By only revealing his individual name, he’s less fearful that the Nigerian government will “attack” the business.
“We have had accounts frozen at some point due to bitcoin transactions,” Ezike said. “We had to appeal to re-open them.”
He added that it’s the same situation in China, which is why the people he transacts with there “ensure they [keep] a low profile.”
As for the relationship between the government in Nigeria and crypto, Ezike said that “they are really confused about what to do with it. But hopefully they will embrace it.”
https://www.coindesk.com/nigeria-using-bitcoin-trade-with-china
submitted by vegasbm to Nigeria_FreeSpeech [link] [comments]

Sending remittances to Nigeria cost just 1% with Dash

Lagos, January 17, 2020.
Dash, the top digital currency for international payments and remittances, today announced a partnership with BITFXT Exchange, a top Nigerian exchange to offer Dash remittances to Nigeria at just 1%.
High cost of transaction and delays from traditional money transmitters have been a thorn in the flesh of users for years. A PwC report estimates that in 2018, migrant remittances to Nigeria equaled US$25 billion, representing 6.1% of GDP. This also represents 14% year-on-year growth from the $22 billion receipt in 2017. It's notable that diaspora remittances to Nigeria exceeded oil earnings in 2018.
Remittance via dash will see the recipient receive dash and convert to naira at a fee of 1% for volumes of $200 and above, & 2% for volumes less than $200. Senders can get dash at coinbase, uphold, or Dash atms.
According to Nathaniel Luz, Lead of Dash Nigeria, this reiterates the commitment of Dash to be an everyday digital cash, people could use, especially in the areas of remittance and international payments. Dash is necessary for developing economies like Nigeria, as existing financial infrastructures come at a high fee to users.
Research shows that people spend as high as 30% when sending remittance to Nigeria via giftcards on Paxful.
BITFXT CEO, Franklin Odoemenam, believes that this is in line with the vision of BITFXT, to be the leading crypto infrastructure company in Africa, connecting Africa to the world. There's no other way to grow adoption than the daily use of crypto and that is what this partnership does, opening up thousands of new people to crypto for a better money remitting experience.
-END-
About Dash Dash is digital cash, allowing millions of individuals, as well as thousands of merchants and businesses across the globe to carry out blazingly fast, secure transactions for less than a cent. A top ranked cryptocurrency, with a market cap of over $1.14 billion USD, and the rising alternative to bitcoin, Dash is accepted at thousands of merchants globally, accessible via 700+ ATMS and 90+ exchanges worldwide, making it one of the few, offering safe, decentralized solutions. For more information, visit https://www.dash.org/ or follow the organization on Twitter @DashPay.
About BITFXT Exchange BITFXT Exchange is a top, African, hybrid, Cryptocurrency Exchange. The exchange has been the top choice in Nigeria, due to its ever increasing innovation and the ability of the exchange to always meet international standards.
With an array of Cryptocurrencies to trade from, an easy to use interface, and a currency swap which enables non traders and those who wish not to undergo the rigour of trading, to trade with ease, this even makes the exchange a force to reckon with. The exchange also processes a large volume of transactions with ease. For more information, visit https://bitfxt.com and follow on TwitteInstagram/Facebook/LinkedIn: @bitfxt
submitted by nathanielluz to dashpay [link] [comments]

7 Best Bitcoin Converters: Convert your Bitcoin to Naira

7 Best Bitcoin Converters: Convert your Bitcoin to Naira

https://preview.redd.it/o88y14nkujt41.jpg?width=1000&format=pjpg&auto=webp&s=9ac9ce84fdec76b8824974aeab602d41e075c06e
Bitcoin converters are essential tools that come in handy when you want to know how much your Bitcoin is worth in Naira.
Because the price of Bitcoin is very volatile, it is vital to check the conversion rate in real-time. This will ensure that you don't end up on the wrong side of the trade by selling your Bitcoin at the wrong moment.
Click on the link below 👇👇to find out 7 free crypto to fiat converters you can begin to use ASAP.
https://remitano.com/forum/post/761-7-best-bitcoin-converters-convert-your-bitcoin-to-naira?utm_source=reddit&utm_medium=article&utm_campaign=english
submitted by Dollypalton to remitano [link] [comments]

Ferrum Network Community Update — December 8, 2019

Dear Community,
What an exciting and jammed pack few weeks it has been — with the launch of staking, the 2Key Network partnership, and a major Kudi update — to name a few!
But as the profile of Ferrum continues to grow, it is essential we never stray from the fundamentals that got us this far: hard work, transparency, and a commitment to community.
In this community update, we provide a recap of the last few weeks, and look ahead to a few initiatives we are planning.
Business Update
With the release of the FRM Flexible Staking platform, we took that opportunity to kick the marketing into high gear. These marketing efforts paid off, and we were fortunate to be picked up by top influencers like Teh Moonwalker, Oddgems, and Micro Cap Gems. Here’s what happened the past few weeks.
Tech Update
For those who missed the Tech Update from our CEO Naiem Yeganeh, PhD, here are some highlights:
First Kudi Update
The First Kudi team on the ground in Nigeria continues to make significant progress.
What’s Next
It is critical we capitalize on the attention we have garnered from the team and community efforts, and to start 2020 with a bang. Here are some of the upcoming initiatives we are working on.
Flexible ERC-20 Staking v0.2
We are strongly considering launching another round of staking. We are taking the lessons learned from the first round and improving the experience. Community feedback will be key to make version two even better, so expect to see a series of polls in the coming days.
A Trading Community
A strong group of FRM traders who post technical analysis on social media is great for exposure and great for liquidity. We are currently laying the groundwork to build a trading community to come up with initiatives like trading competitions and special trading rewards. Anyone interested in joining such a community should PM Ian on Telegram.
FRM on Kudi
We have been working hard to add FRM and ETH to the Kudi app so our users can buy it directly with Naira. This will also open up additional utilities for the FRM token, including a premium membership program that will reward users for holding the token and using the app. More details to follow.
Expansion into other Markets
As you may know, one part of our business model is to partner with top notch teams in emerging markets where our fiat gateway + payments app technology can be successful.
We are happy to report that we have started to work with such a team in Brazil and they are in the early stages of launching their own product powered by Ferrum Network. More news to follow.
Conclusion
Thank you all for your continued support of Ferrum Network. 2019 was a really special year that we will never forget. But together we can make 2020 even better!
Very truly yours,
The Ferrum Network Team
Ferrum Network Links:
Website: https://ferrum.network/
Telegram: http://telegram.ferrum.network
Twitter: http://twitter.ferrum.network
LinkedIn: http://linkedin.ferrum.network
YouTube: http://youtube.ferrum.network
Reddit: http://reddit.ferrum.network
Bitcoin Talk: http://bitcointalk.ferrum.network
Facebook: http://facebook.ferrum.network
Github: https://github.com/ferrumnet/
Instagram: http://instagram.ferrum.network
submitted by tentbobert to FerrumNetwork [link] [comments]

IQ stock broker is a Forex & bitcoin Company in USA Founded in 2012 by a team of highly motivated professionals who are very passionate about trading on the world’s financial market, and are keen on empowering

Bitcoin, Cryptocurrency, forex, make money, online trade, stock exchange
IQ Stock Broker
IQ stock broker is a Forex & bitcoin Company in USA Founded in 2012 by a team of highly motivated professionals who are very passionate about trading on the world’s financial market, and are keen on empowering others on the same bailiwick. Binary options, or digital options, have continued to gain popularity in the past decade, many ambitious traders see binary options as their preferred choice of investment vehicle in this time of market instability. “IQ Stock Broker” stands out as a leader among the brokers out there with a team that is made up of professionals with experience in Binary trading, risk management, derivatives and international laws and legislation. Their combined knowledge and experience trumps that held by most operators in the market. Learn about bitcoin price in USD here and convert bitcoin to dollar, bitcoin to pounds, bitcoin to euro, bitcoin to yen, bitcoin to naira. Create your own bitcoin wallet. 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This makes it easy to trade from anywhere… at any time. You don’t need to have any previous trading experience to get going. It is as easy as 1-2-3. The interface is remarkably user friendly. We have worked hard to ensure processes are fast and intuitive. Using our platform, customers can trade on options such as currencies, indices, stocks and commodities round the clock. We provide the most flexible pricing and the most suitable options on the market among all the Forex & Bitcoin companies in USA. Our objective is to make the trading process as simple and profitable as possible for all level of trader. Our team consists experienced professionals with backgrounds in binary trading, derivatives, risk management, payment processing as well as international laws and legislation. Contact us for Bitcoin, Cryptocurrency, forex, make money, online trade, stock exchange. IQ stock broker is listed in American Stock Exchange.
https://iqstockbroker.com
Register with us here https://iqstockbroker.com/register
then login here https://iqstockbroker.com/login
submitted by IQstockbroker to u/IQstockbroker [link] [comments]

Help from LocalBitcoins

Am a new user on LocalBitcoins for about two days now and I have verified my account, phone number email and National ID so just now few minutes ago I just bought a coin 300 yuan and it was successful and I tried to make an opening advertisement to trade my coin to naira and my account got block immediately and I don’t know why . Can you guys help me out my user is Jeff34999
submitted by jeff34999 to localbitcoins [link] [comments]

Mirror trading international | Why you need to own 0,02 Bitcoin

Mirror trading international | Why you need to own 0,02 Bitcoin

Mirror trading international
Mirror trading international - Contrary to popular belief you can buy small amounts of Bitcoin which are called Bits or Satoshis. A satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin. Bitcoins can be split into smaller units to ease and facilitate smaller transactions. The satoshi was named after the founder, or founders, of bitcoin, known as Satoshi Nakamoto.
Bitcoin itself is 10 years old, and that is almost half the lifespan of the average currency which lasts approximately 27 years, according to a recent article The rise and fall of fiat currencies. The article references a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. Twenty percent failed through hyperinflation, 21% were destroyed by war, 12% destroyed by independence, 24% were monetarily reformed, and 23% are still in circulation approaching one of the other outcomes.
Mirror trading international
Mirror trading international - The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month. Founded in 1694, the British pound Sterling is the oldest fiat currency in existence. At a ripe old age of 317 years it must be considered a highly successful fiat currency. However, success is relative. The British pound was defined as 12 ounces of silver, so it’s worth less than 1/200 or 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value.
Looking at the main title you are probably asking why you need to own 0,02 and how much is that worth? – Currently the price of Bitcoin is just shy of $8000, so the price would be about $160 or R 2500 (South African ZAR), which may or may not be a lot of money. Of course if you have the resources you may even want to get some more, or if you are like me ‘as much as you can’. I am not an investment advisor and this should not be taken as investment advice, but if you are thinking of going to an investment advisor who knows nothing about cryptocurrency or Bitcoin, well that is like asking a horse breeder to to tell you about horsepower in a car. So be wise in whatever you do.
Mirror trading international - Let’s look at what your 0.02 BTC could be worth using the Stock-to-Flow chart on https://digitalik.net/btc/sf\_model/# a page inspired by Medium article Modeling Bitcoin’s Value with Scarcity written by Twitter user PlanB.
Mirror trading international - For my South African & Nigerian readers I have done a chart in ZAR and Naira which can be found at the bottom of this article.
As previously mentioned I am not an investment advisor, but putting some of your hard earned money into Bitcoin may just be more than worthwhile in a couple of years time.
Is it risky you may ask? Firstly without risk, there can be no reward. The biggest risk in my opinion is not to have considered the possibility today. Spending $164 in May 2025 will only get you 0,000123951 Bitcoin.
The other factor you may have to deal with is when your children and grandchildren ask you about the time you could have bought $26000 worth of Bitcoin for $164. What will your excuse be then?
Mirror trading international - There will only ever be 21 Million Bitcoin, and currently there are 18 Million, however due to carelessness many people have misplaced or lost their Bitcoin wallet passwords and keys. This has made Bitcoin even more scarce with an estimated 3-4 Million that have been lost through carelessness. So please be careful and keep your Bitcoin safe.
Mirror trading international - This could be the biggest generational wealth creating opportunity in history and you have an opportunity that may never happen again. My advice would be to get some Bitcoin even if that is just 1% of your investment portfolio. In my opinion it is worth the risk.
Mirror trading international
Mirror trading international
submitted by Mirrortradingintern to u/Mirrortradingintern [link] [comments]

Binance, Paxful partner to bring bitcoin to masses as the latter supports over 300 payment methods

Cryptocurrency exchange Binance and peer-to-peer (P2P) trading platform Paxful have joined hands to bring bitcoin to masses.

The partnership will allow Binance users to utilize Paxful’s platform directly on Binance.com to buy bitcoin (BTC) with 10 fiat currencies - Russian ruble (RUB), Vietnamese dong (VND), Indonesian rupiah (IDR), Nigerian naira (NGN), Colombian peso (COP), British pound (GBP), Mexican peso (MXN), Canadian dollar (CAD), euro (EUR) and Argentine peso (ARS).

In other words, Paxful is now Binance’s another fiat gateway partner, joining the list of Koinal, Simplex, Paxos, TrustToken, Flutterwave and AdvCash. Binance already allows buying of bitcoin via these partners, so how is Paxful’s platform different?

“Unlike other payment gateways, Paxful supports more than 300 payment methods including local currency bank transfers, gift cards, and online wallets. This gives an opportunity for the unbanked and underbanked to be part of a new ecosystem,” Artur Schaback, co-founder and COO of Paxful, told The Block.

He further explained that Nigeria, for instance, has restrictive banking rules. So residents of this country can use gift cards to buy bitcoin via Paxful to fund their Binance accounts.

Paxful said it currently supports 167 fiat currencies on its platform, but for Binance integration, it is supporting the ten fiat currencies for now and could add support for more “in the near future.”

https://www.theblockcrypto.com/post/50281/binance-paxful-partner-to-bring-bitcoin-to-masses-as-the-latter-supports-over-300-payment-methods?utm_source=rss&utm_medium=rss
submitted by FastSellerService to BitcoinInfo [link] [comments]

Ex-Intel Chief Says Venezuela Secretly Mines Crypto + 11 More News

Ex-Intel Chief Says Venezuela Secretly Mines Crypto + 11 More News
Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news – keeping you up-to-date with under the radar crypto news from around the world.
https://preview.redd.it/uzfm6yelf3x31.jpg?width=767&format=pjpg&auto=webp&s=830d11dfd2b31eaa17ea3ce7d1e0e2ab800353bb

Mining news

  • The former head of Venezuela’s Bolivarian National Intelligence Service has alleged that Venezuela is secretly mining cryptocurrency on a massive scale – to the extent that citizens are now experiencing frequent blackouts and power shortages. Per a report from media outlet Konzapata, Simón Zerpa, the former head of the intelligence agency, known locally as Sebin, the country has imported a number of USD 5,000 rigs from China under the guise of creating infrastructure for its own Petro token. In another article from the same media outlet, Zerpa also claims the crypto exchanges that accept Petro trading in Venezuela are all directly controlled by prominent figures within the government.

Trading news

  • Binance has announced that it has opened Nigerian fiat naira-to-crypto trading. Per an official announcement, the company stated that it was now offering naira pairings with Bitcoin, as well as its own new American dollar-pegged BUSD stablecoin and the Binance Coin (BNB). Meanwhile, in the United States, Binance US has also announced that it has begun listing the Dogecoin cryptocurrency.
  • Cryptocurrency exchange Bittrex says that the New York Department of Financial Services (NYDFS) has requested that Bittrex postpone the New York account closure deadline until further notice. Therefore, New York residents will be able to continue to withdraw funds, but may not deposit or trade on this platform. All trading for New York customers was halted in April 2019 and all account access was disabled in June by direction of the NYFDS.

Legal news

  • An American man is attempting to sue carrier AT&T, reports ABC. The man claims that AT&T staff allowed a hacker to access his mobile phone number, leading to the theft of over USD 1.8 million worth of cryptocurrencies from accounts at a number of cryptocurrency exchanges. The man says he was the victim of a SIM swap sting which has deprived him of his “entire life savings.”
  • Police in Poland arrested president of Crypto Capital, aka Global Trade Solutions AG, Ivan Manuel Molina Lee, on accusations of money laundering as a member of the international drug cartel. According to W Polityce, he is wanted in Poland for laundering up to 1.5 billion zloty (c. USD 390 million) and laundering money for Columbian drug cartels through a cryptocurrency exchange. Meanwhile, Crypto Capital is accused by Bitfinex of losing USD 880 million of fund the exchange entrusted it with. As reported this week, the parent company of Bitfinex, iFinex Inc., has filed an application for discovery in the U.S. District Court for the Central District of Southern California on October 18, 2019. iFinex claims that the discovery concerns its attempts to recover the aforementioned USD 880 million which the company allegedly wasn't able to access from December 2018 at least.

Regulation news

  • The Deputy Chair of Russia’s upper house Constitutional Legislation Committee says there is an “urgent need” for the country to introduce blockchain- and cryptocurrency-related legislation. Per the country’s Parliamentary Gazette, the committee’s Lyudmila Bokova says the government’s regulatory framework cannot keep up with the pace of innovation.

Adoption news

  • Russia’s Central Bank says it is considering using blockchain technology to power a system of cross-border remissions that it wants to have active by 2023, per RBC. The bank wants to speed up its digitization process, but its governor and deputy governors remain bitterly opposed to cryptocurrency usage – favoring a total, China-style crackdown.
  • Japan’s Softbank, IBM Japan and TBCASoft (of the USA) have all joined forces to create a blockchain solution for mobile carriers using inter-carrier blockchain technology. Per Fisco, via Gentoshoa, the parties want to work on a new solution that would allow Japanese phone owners to use their mobile-based payment applications at stores overseas, and enable inter-carrier transactions.
  • Though adoption is far from widespread, a rising number of Americans own crypto, according to a survey of 2,068 participants commissioned by Finder, an independent comparison platform and information service. In the last year, the survey says, the number of respondents who own a cryptocurrency has almost doubled from 7.95% in 2018 to 14.4% in 2019, which is an increase of 81% in one year. The average total in crypto that each is holding is USD 5,447, while the median amount of crypto in American digital wallets is just USD 360, claims the survey.
  • ConsenSys Space, a subsidiary of blockchain company ConsenSys, has announced the launch of a new satellite tracker based on Ethereum’s network - a project called TruSat. According to their tweet, it is "a citizen-powered, open source system for creating a globally-accessible, trusted record of satellite orbital positions." The website further explains that TruSat is primarily designed to enable the assessment of satellite operations in the context of space sustainability standards, and that the software merges observations of a satellite from around the world into a transparent record of its location.

Investment News

  • Bitcoin startup Coinplug raised KRW 7.5 billion (USD 6.4 million) in a Series B-2 round funding. According to the announcement, the investors taking part in this round were South Korea's influential venture capital firms Mirae Asset Venture Investment, Smilegate Investment and KB Investment. With this investment the company says its total funding to date is over USD 12 million.
  • SIBEX AG, developer of the peer-to-peer protocol, raised CHF 1.78 million (USD 1.79 million) in its seed funding round, with Fenbushi Capital, SIX, Accomplice and others taking part as investors, according to the press release.
submitted by CryptoHamstereu to u/CryptoHamstereu [link] [comments]

How to buy Bitcoin in Nigeria with all payment methods

Luno exchange
Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it.
+ One of the most trusted Bitcoin exchanges in Asia
+ Free deposits and low withdrawal fees
+ Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
LocalBitcoins
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.
+ Private, fast and easy
+ In-person trades require no personal information
- Beware of scams; always follow the rules
- Harder to buy large amounts of bitcoins compared to large exchanges
NairaEx exchange
NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit.
+ Long-running Nigerian exchange
- Identity verification offers less privacy than other purchase methods in Nigeria, like LocalBitcoins
BitPesa
BitPesa is a Bitcoin remittance company. They sell bitcoin in Kenya via the popular M-PESA mobile payment service. BitPesa also has a presence in 2 other African countries. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. In Uganda, you can buy with MTN or Airtel. Purchase method for Kenya is coming soon.
+ Convenient way to buy bitcoins in Kenya, Nigeria, and Uganda
- Identity verification offers less privacy than other methods in Nigeria or Uganda, like LocalBitcoins
Mycelium Local Trader
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
+ Easy and cheap way to buy bitcoins with cash
+ Private way to buy bitcoins, no personal information required beyond cellphone number
- Users in sparsely populated areas will have trouble finding sellers
Changelly
Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them.
+ Easiest and fastest way to buy bitcoins with altcoins
+ Fees are reasonable for larger traders
- Need altcoins or other digital tokens to use
More info https://iconow.net/how-to-buy-bitcoin-in-nigeria-with-all-payment-methods/
submitted by ICOnow to CryptoCurrencies [link] [comments]

Crypto exchanges in Nigeria with all payment methods

Luno exchange
Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it.
+ One of the most trusted Bitcoin exchanges in Asia
+ Free deposits and low withdrawal fees
+ Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
LocalBitcoins
LocalBitcoins is an escrow service which also helps to match bitcoin buyers and sellers. The most common method of payment for purchase is cash deposit.
Buying bitcoins via an in-person meeting, secured and facilitated by LocalBitcoins, may be one of the fastest and most private ways to buy bitcoins in any country.
+ Private, fast and easy
+ In-person trades require no personal information
- Beware of scams; always follow the rules
- Harder to buy large amounts of bitcoins compared to large exchanges
NairaEx exchange
NairaEx is the largest Bitcoin exchange in Nigeria. Its customers can purchase bitcoins with Perfect Money, bank transfer or with cash via bank deposit.
+ Long-running Nigerian exchange
- Identity verification offers less privacy than other purchase methods in Nigeria, like LocalBitcoins
BitPesa
BitPesa is a Bitcoin remittance company. They sell bitcoin in Kenya via the popular M-PESA mobile payment service. BitPesa also has a presence in 2 other African countries. In Nigeria, you can use BitPesa to buy bitcoins with your debit card or Paga account. In Uganda, you can buy with MTN or Airtel. Purchase method for Kenya is coming soon.
+ Convenient way to buy bitcoins in Kenya, Nigeria, and Uganda
- Identity verification offers less privacy than other methods in Nigeria or Uganda, like LocalBitcoins
Mycelium Local Trader
Mycelium Local Trader helps you find local Bitcoin sellers. Once you locate a seller, you meet up in-person and conduct the trade. Mycelium charges absolutely no fees. While Mycelium Local Trader works great in highly-populated areas, users in low population areas will have trouble finding sellers.
+ Easy and cheap way to buy bitcoins with cash
+ Private way to buy bitcoins, no personal information required beyond cellphone number
- Users in sparsely populated areas will have trouble finding sellers
Changelly
Changelly lets you buy bitcoin with Litecoin, Dogecoin, altcoins and many other digital tokens. Changelly works in nearly every country but you will need another cryptocurrency in order to purchase bitcoins. Exchanges happen almost instantly because Changelly never actually controls your tokens but just exchanges them.
+ Easiest and fastest way to buy bitcoins with altcoins
+ Fees are reasonable for larger traders
- Need altcoins or other digital tokens to use
More info https://iconow.net/how-to-buy-bitcoin-in-nigeria-with-all-payment-methods/
submitted by ICOnow to CryptoCurrencies [link] [comments]

Binance is preparing to add support for the Ukrainian hryvnia and the Kazakhstani tenge

Binance is preparing to add support for the Ukrainian hryvnia and the Kazakhstani tenge
Binance bitcoin exchange may soon add support for the Ukrainian hryvnia and the Kazakhstani tenge.
https://preview.redd.it/fvhzyk9uy2x31.png?width=1200&format=png&auto=webp&s=d3acee47c8300db3f16e97d7ba9585a9a1930767
As is known, yesterday on November 5th, these two currencies were added to the Binance API. Earlier, the exchange, in the same way, added the Nigerian naira and the Russian ruble to the API before opening the possibility of crypto-fiat trading in these currencies.
Binance declined to comment on the information.
This material is considered a marketing communication and does not contain, and should not be construed as containing, investment advice or an investment recommendation or, an offer of or solicitation for any transactions in financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Legal Information: ITRADER is operated by Hoch Capital Ltd., a Cypriot Investment Firm (CIF), authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license no. 198/13, in accordance with the Markets in Financial Instruments Directive (MiFID II).
submitted by Itrader_com to u/Itrader_com [link] [comments]

Use Cases of Ferrum Network

As a DAG-based network designed for superfast high throughput and low cost transactions, Ferrum Network is set to provide and/or support the following services and functions:
Ferrum Network enables direct OTC trade between two parties known to each other via the UniFyre wallet without hassle. This provides decentralization of value exchange of various cryptocurrencies. The OTC trade function eliminates the trust issues of orthodox centralized (intermediary) OTC exchange. A unique feature of this functionality is that both parties must accept the transaction before it can be executed. Unlike traditional OTC trades where the middleman charges a relatively high fees, OTC transactions on Ferrum Network are done at a very low fee.
Ferrum's Infinity DEX is a truly decentralized exchange that operates like centralized exchanges but without taking custodial of users assets. The exchange runs on Ferrum Network and it boasts of optimized and advanced trading features such as matching makers and takers, stop orders, limit orders, margin trading, etc. An additional tool that can be leveraged by traders on Ferrum DEX is the investor's AI assistant which will enable traders make informed decisions.
Ferrum Network plans to make every financial opportunities and tools available for its users. Ferrum wallet will allow users to access and transact fiat money by partnering with local financial services institutions (banks) in various countries. For example Kudi exchange is an exchange purposely built for the Nigerian market for users to seamlessly transact Bitcoin and local fiat like Naira. Ferrum Network intends to actualize this function through various options (models) such as using ripple (XRP) as intermediary currency for conversion of fiat to other crypto and back via existing fiat gateways like Kraken; direct partnership with established fiat gateways in various locations,and; in the long term obtaining licenses to operate Ferrum fiat gateway directly.
There are hundreds of blockchains but dearth of cross-chain solutions. This limits users from exchanging value and information among various blockchains. Ferrum Network is creating the transaction layer for the Internet of Value for a high-speed highly scalable transfer of value from. One blockchain to another.
Existing and new DEX will be able to leverage Ferrum Network as their settlement layer for various digital assets. Having solved the issue of speed, scalability and high transaction charges, Ferrum Network will facilitate instant p2p trades on decentralized exchanges at low fees. Ferrum’s Infinity DEX will operate on this same settlement layer.
Ferrum Network will serve as platform for developers to issue their own native tokens that can be transacted either through smart contract or normal account just like it is done on blockchains like Ethereum but with higher speed, scalability, ease, and low cost.
Developers will be able to build and run their decentralized applications on Ferrum Network using any programming language of their choice (Java, Python etc). Developers will also be able to contribute computing resources to the network and get rewarded in FRM tokens (the native token of the Ferrum Network).
Ferrum Network provides support for side networks which makes it adaptable for deployment in private environments. Organizations may adopt and customize the platform for smaller decentralized applications and operation management. This will enable these institutions to leverage blockchain capabilities and benefit from its features.
This is indeed a revolution in the blockchain space as Ferrum Network propels blockchain towards maturation and widespread adoption.
Learn more about Ferrum Network:
Website: https://ferrum.network
Telegram Group: https://t.me/ferrum_network
Author's Bounty0x Username: Mexite
submitted by Mexite to BlockchainStartups [link] [comments]

Online Portal To Exchange Bitcoin to Naira Instantly

If you are looking to exchange your Bitcoin to Naira then Swiftypay is the leading online portal in Nigeria to exchange Bitcoin to Naira Instantly. You can also trade with another cryptocurrency using this portal.
submitted by Swiftypay to u/Swiftypay [link] [comments]

Nigerians To Make Purchases In Bitcoin, Thanks to PundiX

Nigerians To Make Purchases In Bitcoin, Thanks to PundiX

https://preview.redd.it/ik2wms4gwip11.png?width=1080&format=png&auto=webp&s=900db52104c069cfa2ac2089dcaf471e21baf89b
A steady increase in the cryptocurrency adoption and development has been observed in Nigeria, Africa’s biggest Bitcoin market all thanks to Pundix. The Indonesian cryptocurrency and payments company has launched a point of sale terminal at a shop in Nigeria, which enables the people in the country to make purchases using cryptocurrency, including bitcoin.
Joetech Systems Ltd, a Nigerian importer, and distributor of agriculture products have adopted a sale payment system that the owners claim as ‘a first in Africa.’ The system is underpinned by cryptocurrencies such as bitcoin allowing shoppers’ to pay via virtual currencies. In addition, it also facilitates payments for goods and services on the XPOS terminal using bitcoin and three other virtual currencies, including ethereum. Notably, the payments are completed within seconds.
The Indonesian cryptocurrency and payments company Pundix, collaborated to launch the terminal. Reportedly, the company is in the process of shipping up to 5,000 XPOS devices to several countries including the UK, Colombia, Hong Kong, Korea, Switzerland, and Brazil.

The XPOS By Pundix

The payment system is working is quite similar to the traditional POS system, just the terminals are connected to the blockchain and settlements are made via virtual currency. Pundix states that XPOS supports transactions through mobile wallets and bank cards.
Michael Lawal, business development manager at Pundix, explains in a video demonstration, on September 28 how the new platform works, citing the Joetech Systems Ltd example. He says:
“I have 0.01 BTC and I am going to make a transaction of 200 Naira (Nigerian currency). The cashier provides three options – to pay either with cash, XPass card or XWallet. If you are paying with Xwallet you will need to scan a QR code. I am going to use XPass card and pay using BTC. “Once you choose your payment option, the cashier automatically calculates the rate of conversion using current market rates to the local currency, which is Naira. You have two seconds lock in period to safeguard the consumer and the merchant,”
A receipt is issued by the machine within seconds of completing the transaction indicating success. Lawala further mentions:
“That was the first live transaction in Africa, it happens in Nigeria. Blockchain adoption is very possible. We will continue to collaborate and partner with people who believe in the true adoption, scalability and speed of blockchain.”
First live #BTC-NGN transaction on XPOS terminal was successfully done in #Nigeria. Thank you @ndukwe_ezenwa, MD of Joetech system and our #NPXS contributors for your support and start #crypto adoption with #PundiX technology in #Africa.
Video: https://twitter.com/twittestatuses/1045748508588793858
Crypto Crackdown
According to a report by the exchange platform, localbitcoins.com released earlier this year, the platform has experienced an upward of $260 million worth of bitcoin traded by Nigerians. Although the most populous nation of Africa is facing uncertainty in relation to the cryptocurrency due to issues with the regulators.
Previously, the Central Bank of Nigeria (CBN) has cautioned citizens against buying and selling cryptocurrency and has reiterated the same this week as well. The governor of the CBN, Godwin Emefeile, stated a meeting in Lagos
“We have not seen any country where cryptocurrency is regulated. We are not at home with cryptocurrency because there is no issuing authority…”
Nigeria is not singled out in this trepidation, quite a few nations across the globe have been issuing warnings against the digital assets, while some has even stepped up to upfront ban them.
Original: https://kryptomoney.com/nigerians-to-make-purchases-in-bitcoin-thanks-to-pundix/


submitted by crypt0hodl1 to PundiX [link] [comments]

SWISSBORG´S DAILY INSIDER - WEEK 28

SWISSBORG´S DAILY INSIDER - WEEK 28
https://preview.redd.it/snwsg0et7w811.png?width=1000&format=png&auto=webp&s=8bc1fcf1989ec0a08373c3e8d4d3df93804b3231

DON'T MISS OUT ON THE NEWS!

Want to stay updated on the most current news, market trends, and analysis?

Subscribe to our daily SwissBorg Insider!

Friday, 13. July 2018

Police Seize $1.5 Million in Crypto During FIFA Gambling Crackdown Local police officials in China seized more than $1.5 million worth of cryptocurrencies as part of a crackdown on gambling during the 2018 FIFA World Cup.
New York State Regulators Approve New Power Rate Structure for Crypto Miners New York state regulators have approved a new electricity rate scheme for cryptocurrency miners that will allow them to negotiate contracts
OKCoin Exchange Launches in US With Fiat-to-Crypto Trading Cryptocurrency exchange OKCoin has launched a branch in the U.S. market to offer trading services between U.S. dollars and several major cryptocurrencies.
Gas Price Up, Referendum II on Hold.
The Median price is today at 9 Gwei with a Time to Confirm of 2.1 min. We still waiting for a range of 2-3 Gwei which is too Time consuming for the moment.
Ethereum Average Gas Price Chart Source: Etherscan.io
Daily Performances
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/tenmbq29fo911.png?width=945&format=png&auto=webp&s=58bcb52d8bfbeecddba93b7be039247c85c1c634
Technical Analysis - BTC
Bitcoin risked falling below the current inverse Head & Shoulder neckline around $6,073 but has since recovered slightly to keep the pattern in play. We would expect to see an upwards impulse towards $8,000, where it would meet the downward trend resistance. At this time, we are awaiting to see how this formation plays out.
https://preview.redd.it/7ho8s9ucfo911.png?width=1213&format=png&auto=webp&s=982a2317bdfb8dcef4e15900f364ec0fb32be8eb
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Thursday, 12. July 2018

Canadian Crypto Exchange Coinsquare to Launch in JapanCoinsquare has announced its plan to enter the Japanese market pending approval by the country's financial regulator. The new exchange will be launched under the Dlta21x brand.
Korean Lawmakers Hasten to Regulate Cryptocurrency, Legalize ICOsAccording to a report by the Korea Times, a number of lawmakers across different political spectrums are seeking to fast-track cryptocurrency regulations that could plausibly lead to lifting the current ICO
Bitmain-Backed Opera Web Browser Adds Built-In Ethereum WalletPopular internet browser Opera will become the first mainstream web interface to add native support for an ethereum wallet.
Gas Price Up, Referendum II on Hold.
The Gas price continues to decrease and has now a recommended price of 10 Gwei with a Median tome to confirm of 1.4 min. This is a very good reversal. We expect to start the distribution soon with a target price of 2-3 Gwei and the slowest time.
Ethereum Average GasPrice ChartSource: Etherscan.io
https://preview.redd.it/xcublwz49h911.png?width=1192&format=png&auto=webp&s=a8439989233a9176a015543b5fe4b17050c5fc12
Daily Performances
Weekly Top 5 Price comparison
- BTC. - ETH - XRP - BCH . - EOS
https://preview.redd.it/yvhg8mng9h911.png?width=1044&format=png&auto=webp&s=69993278ad0e48c669e7e6e1eb9aa6361710871e
Technical Analysis - BTC
BTCUSD it is still potentially drawing the right shoulder and break above the neckline, currently at $6,760, we would expect to see an upwards impulse towards $8,000, where it would meet the downward trend resistance. At this time, we are awaiting to see how this formation plays out.
https://preview.redd.it/lhz6t1tq9h911.png?width=1312&format=png&auto=webp&s=6df78065b03bb95a6440434c7231f7e27c9088fa
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Wednesday, 11. July 2018

Nigerian Entrepreneurs are Choosing Bitcoin Over the National Currency A growing number of businessmen in Nigeria are opting for handling their business using the digital currency instead of the Naira.
Crypto Wallet Ledger is Attracting Samsung and Google as Investors: ReportLeading hardware crypto wallet manufacturer and developer Ledger sold more than 1 million hardware wallets in 2017, recording a profit of $29 million.
PBoC Will 'Crush' Foreign ICOs Targeting Chinese Investors: OfficialPan Gongsheng, a vice governor of the People's Bank of China, has once more issued strong statements on initial coin offerings.
**Gas Price Up, Referendum II on Hold.*\*
The congestion across the Ethereum network and the sudden hike in the Gas price, sometimes climbing more than five times, led us to delay of distribution of our RSB2 tokens. Lately, it seems that the Gas price is finally going down. We will announce distribution as soon as possible when the cost of transactions drop to the fair price of 2. We are following the market closely and we will provide you with daily updates
https://preview.redd.it/50a2m2m36c911.png?width=1190&format=png&auto=webp&s=0d95f70882e563f1fe17ca51060e6d0de91aa455
Source: Etherscan.io
Daily Performances
As expected we continue to see gappy moves in thin trading. $6,000 level will likely be a strong magnet given the large open interest in September options. Implied volatility is ticking up slowly despite tight ranges but it is unlikely the market can independently break out of the current consolidative phase without external catalysts.
Weekly Top 5 Price comparison
- BTC . - ETH . - XRP . - BCH . - EOS
https://preview.redd.it/i5cmi7z0cb911.png?width=1080&format=png&auto=webp&s=22154e3b8b1ecd376c0220b8d10278832a52ad49
Technical Analysis - BTC
BTCUSD is potentially completing an inverted head and shoulder pattern. Should it complete the right shoulder and break above the neckline, currently at $6,870, we would expect to see an upwards impulse towards $8,000, where it would meet the downward trend resistance. At this time, we are awaiting to see how this formation plays out.
https://preview.redd.it/6h9xnzl5cb911.png?width=1348&format=png&auto=webp&s=8f1364b11f97d20ba6697618509a0291a10495a6
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Tuesday,10. July 2018

Decentralized Crypto Exchange Bancor Hacked, $12M in Ether Stolen Bancor stated that a vulnerability was exploited to steal 24,984 ETH (approx $12 million), $1 million worth of NPXS and $10 million worth of BNT.
Major Futures Exchange Cboe Files For Bitcoin ETF, Increasing ProbabilityCboe has filed for a bitcoin ETF with the US SEC, to enable investors in the public market to trade bitcoin in an OTC ecosystem.
Bitcoin Could go Mainstream Within 10 Years: Imperial College ResearchCryptocurrencies possess the potential of becoming a widely used form of payment within the coming decade.
BitGo Adds 57 Ethereum Tokens In Largest-Ever Custody Service ExpansionBitcoin veterans are jumping into the token economy with new licenses and custody options.
Daily Performances
Nothing much has changed in the broad crypto landscape. BTC has remained comfortably above 20DMA despite the $6,000 level magnet, and also has been resilient to negative news. Light volumes still indicate a lack of conviction but $6,800-$7,000 range to the upside seems to be the short term target necessary for another leg higher. Summer season may bring more quiet trading but external shocks and/or significant news may cause a gappy move - more likely to the upside.
Weekly Top 5 Price comparison
- BTC . - ETH . - XRP . - BCH . - EOS
https://preview.redd.it/t92pi3lry2911.png?width=1080&format=png&auto=webp&s=71b5e4891458a4d5fa98114c6f523bd46de3e813
Technical Analysis - BTC
After periods of lower lows and retest of $6,000-a key support line and April lows, it seems like Bitcoin prices are making a turn for the better.. BTCUSD continues to be in a short term uptrend which is positive, but it is facing various resistance levels all the way to $7,000. Closing above $7,000 for a few days would be a strong confirmation of a new strong uptrend. Until then, we remain cautiously optimistic.
https://preview.redd.it/ebu1dci2z2911.png?width=1348&format=png&auto=webp&s=dba7150d5a37efba69caffbf3407ccff16efaa0c
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Monday, 9. July 2018

Winklevoss Crypto Exchange Hires NYSE Technology Executive The Gemini cryptocurrency exchange hired Robert Cornish from the New York Stock Exchange to serve as its first chief technology officer.
German Bank Offers Special Accounts to Cryptocurrency Firms Solarisbank has launched a new banking service plan focused on clients from the digital currency industry.
Crypto Exchange Binance Expects up to $1 Billion Profit in 2018 Binance expects a net profit of up to $1 billion USD this year. It has already registered about $300 million of revenue in 2018 and a five-fold increase in the number of users.
Swiss Stock Exchange to Tokenize Securities With New DLT PlatformSwitzerland's principal stock exchange will build a blockchain-based platform to tokenize traditional securities for further trading and settlement.
Daily Performances
Over the weekend, there were somewhat positive industry news coming out (see news above). BTC has been attempting to break above the key $6,800 level to confirm a break away from downward trends. In options, September $6,000 puts have large open interest so if we are able to break away the market should get lighter. Volatility in upside calls ($9,000, 10k strikes) are closely watched for bullish signals.
Weekly Top 5 Price comparison
https://preview.redd.it/fmddcoj68w811.png?width=1044&format=png&auto=webp&s=f2fb90ebb37737be00551745912a2ff0dd430258
- BTC . - ETH . - XRP . - BCH . - EOS
Technical Analysis - BTC
BTCUSD continues to be in a short term uptrend which is positive, but it is facing various resistance levels all the way to $7,000. Closing above $7,000 for a few days would be a strong confirmation of a new strong uptrend. Until then, we remain cautiously optimistic
https://preview.redd.it/qnhqboya8w811.png?width=1312&format=png&auto=webp&s=5ac1f4f9fea6f94731a688a6aa7828eb9fa363b0
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Many thanks to Mariem @SwissBorg for providing us with THE latest news.
Disclaimer: Insider aims to provide our community with updates and information regarding financial markets and the blockchain world.This is our way of communicating with our community. It is meant to be used for informational purposes not to be mistaken for financial advice.Our opinion, when shared, is just that, it may not apply directly to your individual situation. Any information gleaned here is to be used at the readers' own risk, SwissBorg does not accept any responsibility for individual decisions made based on reading our daily blog. Any information we provide on our daily blog is accurate and true to the best of our knowledge, there may be omissions, errors or mistakes.
Copyright © 2018 SwissBorg, All rights reserved
submitted by Otilia_SwissBorg to swissborg [link] [comments]

💥Bitcoin will take the place of the national currency in Nigeria

💥Bitcoin will take the place of the national currency in Nigeria
✔A lot of businessmen in Nigeria began to use bitcoin on their business instead of the national Naira.
📝This situation is explained by the fact that Naira price falls constantly and it’s impossible to create a profitable company with her.
So, co-founder of Nerve Mobile Silas Okocha acquired Android smartphones using Alibaba. When the Nigerian Naira fell sharply in price compared to the Chinese yuan, Silas Okwoche realized that he could lose a profitable business.
Now the Senate Committee on banking and financial institutions plans to create a system of regulation of cryptocurrencies. Legislators will develop recommendations for controlling, using and trading bitcoin.
✅Among young businessmen - Nigerians cryptocurrency is very popular. The center of trading was the city of Lagos. Here, bitcoins are used not only as an investment, but also as a mass payment facility. 🔥 Take crypto payments with PayKassa.pro!
https://preview.redd.it/sxxl8bx12aa11.jpg?width=768&format=pjpg&auto=webp&s=ddf920f99b9dd871494b5a84ab4ce80e1557c1c1
submitted by paykassa to u/paykassa [link] [comments]

Nigeria Finds Bitcoin is a Way to Hedge Against its Naira #bitcoin #ethereum #altcoin https://t.co/c4MDID1QJZ - Crypto Insider Info - Whales's

Posted at: June 28, 2018 at 12:54AM
By:
Nigeria Finds Bitcoin is a Way to Hedge Against its Naira #bitcoin #ethereum #altcoin https://t.co/c4MDID1QJZ
Automate your Trading via Crypto Bot : https://ift.tt/2EU8PEX
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
submitted by cryptotradingbot to cryptobots [link] [comments]

My Analysis and Predictions About The Future of Cryptocurrency…

Yesterday and the day before yesterday, I made some startling analysis and predictions about cryptocurrency and it’s future which are contained in 2 posts titled:
Regulation and the Future of the Crypto Industry https://web.facebook.com/williamikiabo/posts/2011512728883236
and…
Random Thought On The Subject of Bitcoin: A Sign of the Mark of The Beast And It’s Tendency To Reduce Or Lead To Sack of Bank Staff https://web.facebook.com/williamikiabo/posts/2009979932369849
Some of the high points in the two separate posts which I posted on my Facebook Timeline and some WhatsApp Groups are:
📍 Regulation of exchanges may lead to the delisting of Privacy Focused Coins.
📍 Exchanges will… be heavily regulated to prevent money laundering. This will require various level of Know Your Customer (KYC) and Anti Money Laundering (AML) [measures].*
📍 Cryptocurrency Exchanges may come under heavy regulation and supervision through the issuance of operating license.
📍 ICOs may be completely banned. Blockchain projects seeking early stage funding may have to source for funds from Venture Capitalists and or Angel Investors.
📍 The “One World Currency will be something like:
A Blockchain Based Currency, similar to the Ethereum Blockchain which will allows dApps to be built on top of it. This Cloud Based Super Computer will have an Ethereum ERC20 kind of Standard which will allow and make it compulsory for every nation in the world to issue a cryptocurrency version of their national currencies on top of this blockchain without which they will face severe sanctions.
This means that, the Nigerian Naira, Kenyan Shilling, South African Rand, American Dollar etc, may all retain their name and value…
As if I sat with someone and had some discussions before making those predictions, this morning, my Facebook Fiend from Russia: Butenko Viktor shared the following news summary
Day Totals https://web.facebook.com/groups/853793028078568/permalink/892240334233837/
📍 Tatyana Valova, Minister for Integration and Macroeconomics of the Eurasian Economic Commission, called on the countries of the EAEC to jointly develop legislation in the field of crypto-currency and lock-up. "It is possible that the digital economy will primarily be serviced by digital money," she said.
📍 The Dixy Group of Companies and GPB-Factoring LLC have begun testing the Faktorin block-platform for the automation of factoring operations. The platform will act as an intermediary between the buyer and the supplier, confirm money transfers and check the documents of the participants in the transaction.
📍 The Association of Virtual Currency Exchanges of Japan will publish new recommendations next week, presumably on June 27. It is expected that they will include a ban on insider trading and on the trading of anonymous crypto currency like Monero and Zcash.
📍 The large Japanese cryptographic exchanges bitFlyer, Quoine, Bitbank, BitPoint Japan and BtcBox will receive an order from the Financial Services Agency of Japan to improve anti-money laundering measures by the end of the week, as their work is not in compliance with the standards.
📍 The authorities of Cambodia announced that because of the high demand for crypto trading, any operations with crypto currency require a special license.
📍 The software company MediaOcean and the IBM iX division founded a blockbuster consortium for the advertising industry. The consortium includes such well-known companies as Kellogg's, Kimberly-Clark, Pfizer and Unilever. The test version of the new blocking solution for the advertising industry will be presented in July.
📍 French insurance corporation AXA with a capitalization of 61 billion euro launched a new service Fizzy on the blockbuster. Payment of insurance and automatic payments in case the flight is delayed for more than two hours, will be carried out with the help of smart contracts Ethereum.
📍 John McAfee reported about threats from the Securities and Exchange Commission (SEC) because of the progress of the ICO. "Because of SEC threats, I no longer will not work with the ICO, and I do not recommend them, and those who deal with the ICO can wait for the arrest. It is unfair, but this is reality. I am now writing an article about an equivalent alternative to ICO, to which the SEC will not be able to reach. Please, be patient ", - wrote Makafi.
📍 Hackers stole SiaCoin in the equivalent of $800,000 in thirty Internet cafes in China. The malefactors acted in collusion with Chinese computer equipment servicemen.
📍 Blue Line Futures President and futures broker Bill Baruch stated that the price of bitcoin has reached a minimum. The price of the first crypto currency will not fall below $ 6000, in the long term it will exceed $ 11,300 if the resistance level in $10,000 passes, Baruch believes.
📍 All the world's fiat currencies will have a crypto currency equivalent, Jeremy Allair, the CEO of The Circle Payment start-up, said. He also announced the launch of a new "stable coin" USD Coin, secured by the US dollar.
📍 Portuguese programmer, Zuo Almeida, created the Pokétoshi platform, which allows playing the popular Pokémon game developed by Nintendo, via the Lightning Network
📍 Former member of the Legislative Assembly of India Nalin Kotadia allegedly participated in the extortion of bitcoins worth $ 1.3 million from businessman Shailash Bhatta. Kotadia was declared a fugitive. It is noteworthy that the investigation also accuses the victim of extortion of $ 22 million under the threat of using weapons from a Bitconnect financial bitcoin-pyramid employee.

BitcoinForAfricaInitiative #LearnToEarn #Prediction #Analysis

submitted by degeek to u/degeek [link] [comments]

All You Need to Know About KureCoin Hub, the First Ever African Cryptobank

Kurecoin is a decentralized cryptocurrency built with proof of stake algorithm (PoS) offering the entire cryptocurrency community a seamless and secured mode of transactions for investors within the KureCoinHUB ecosystem and other major exchanges and also solve the challenges experienced by cryptocurrency users globally such as trading and exchange.
Being a self-service banking platform based on the Ethereum blockchain, it is currently the biggest cryptocurrency project in Africa.
KureCoin, according to founder Tega Abikure was created as a much easier way to buy and sell thereby helping Africans rise above the poverty line.
Targeted at usage by even the average African, Kurecoin is aimed at using the Blockchain technologies to solve problems such as access to capital by creating a system of No collateral loans using your crypto assets; making use of the influence of easy transactions and exchange of bitcoin, Naira or other local fiat currency.
Still on the Pre-ICO(initial coin offering stage) with just 12 days left before the sales end. After which, it will move onto the ICO(Initial coin offering) phase.
It also has plans to improve the Hub on its map with Post ICO, Distribution of Token, Listing on Major Exchange, web wallet launch and also its own Kure Blockchain(Smart contract).
KureCoinHub has also restricted the maximum number of subscribers at the Pre-ICO to a limited number of people in order to provide an individual approach and maximum security for all the available resources. The maximum amount for crowd-sale has also be fixed for 60 000 ETH.
The team believes this is what is needed to release a finished product backed by good marketing, legal organization and community management. KureCoinHub is also trying to tackle the global perception that Africans are fraudulent in nature with this move.
submitted by Marlie3 to crypto_currency [link] [comments]

Five uncirculated paper money for sale only $5

http://i.imgur.com/SZoh8Ea.jpg http://i.imgur.com/WlDjJ2w.jpg Nigerian Naira, Vietnamese Dongs (haha) and Cambodian Riels. I've posted these to Notes4Sale as well. This price includes basic shipping to Canada or the USA. I can take paypal, bitcoin or trade.
submitted by Disabled_gentleman to Coins4Sale [link] [comments]

Why Invest in Abjcoin

Abjcoin, Real Asset In The Market Place It’s no new news that the crypto currency is the best investment to go into right now. The gradually and global acceptance of crypto currency within the past 2 years had crypto currencies like Bitcoin an increase in return of investment over of 5000% and still approaching more than landed properties. Let’s do the mathematics here. 1. A portion of land in Lekki in 2013 that worth 10 million naira will today (2017) be valued around 50 to 100 million naira. 2. But Bitcoin value of 10 million in 2013, will today in 2017 be valued at Over 3 Billion Naira at a market price of $4000 per BTC by 360/$ conversion
What about Ethereum COIN, Lite coin and the rest? Their various prices have skyrocketed that average Person now is looking for a cheap coin with good future prospects to throw money into. That’s here the big problem comes in. Here is the Problem The price of bitcoin is over 1.4 Million naira at the moment, and buying just 1BTC with just a heavy amount won’t be a smart way to invest into Crypto currency. ABJ Coin, being Nigeria first decentralized crypto currency with Blockchain solution just like Bitcoin is here to give you a second chance to undo the investment mistake of 2013. At the moment, 1 ABJcoin is trading at $0.50 (Less than $1, Sept 2017) which is valued at 180 Naira. Now; 3. 1 Bitcoin is projected to trade at $10,000 by the end of 2017 while 1 ABJcoin is projected to trade at $5 in the Market place by the end of 2017 Using 1.4 million naira cash value at hand to compare which way to go, a. 1 BTC will mount to $10,000 which is about 3.6 million naira by then end of 2017, while b. 1.4 Million naira will purchase 8000 ABJcoins will be valued at 14,400,000 when traded at $5 per ABJcoin. Now, all thing being equal and having the various market trends go well by the end of 2017 at 360/$ rate You will be making a whooping sum of 10,800,000 profit if you invest into ABJ coin right now. Having said all these and looking at the two investment opportunities at hand and real asset in the market place, ABJcoin is definitely the way forward for every smart investor. ABJcoin hold a very good fortune right now and not investing into it is one gavial mistake you wouldn’t want to take. It is the first of it’ kind in Nigeria and it has come to stay You must get into the ABJcoin trend, as it’s one of the real asset in the crypto currency market place right now. As a Nigerian, Below are the Shocking reasons why you must invest into ABJcoin instead of other Altcoins 4. Local merchants in Nigeria will eventually adopt ABJcoin as a means of exchange which give it an advantage over other alt coins in the country. This mean you can use ABJcoin to buy goods and services in Nigeria unlike other alt coins that can only be traded. 5. The return of investment opportunity if very high as it’s about to change the stories of many Nigerian, Africa and the global world at large. 6. ABJcoin is tailored at solving all the hitches in the financial sectors, giving ever Nigerian power over their money and serving as a smart investment opportunity for foreigners. (Just as Naira represent Nigeria in the fiat currency market, ABJcoin will represent Nigeria at the international cryptocurrency market) as and definitely going to uphold and upgrade the value of Naira when converted to fiat. 7. With ABJcoin ATM card and machines, you can withdraw your ABJcoin at any of the ATM machines made available nationwide. (First in Africa). 8. You get the happy opportunity of becoming a miner of ABJcoin if you want. See guide here if you want to become an ABJCoin miner. 9. Robust supporting and tutorials on HOW-TO-ANYTHING concerning ABJcoin. So, the issues of technicalities wont’ be a problem. The advantages of investing into ABJcoin are too many to start recointing, so, the best way to go about it right now is to invest. So, what are you waiting for? Click here now and invest into ABJcoin, the money of the future.
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Make lots of money online buying and selling bitcoin on luno web with naira, in Nigeria Remitano Complete TutorialHow to Trade (Buy & Sell for Naira)  Other Services, Tips & Strategies How to Turn Your Bitcoin Into Naira Instantly Part 3- HOW TO WITHDRAW YOUR BITCOIN FROM BINARY TO NAIRA IN YOUR BANK Top 6 platform platforms to trade bitcoin in Nigeria.

Trading Bitcoin on our platform allows you to trade the cryptocurrency market with DuruSystems support right by your side. Long-term Gains. Bitcoin traders profit from the increases in market value over time, which in turn raises the value of their investment. Max Value. How to Convert your Bitcoin to Naira? There are many ways to sell your Bitcoin for Naira. Some of our favourite are listed below. Bitcoin is becoming more of an accepted currency worldwide and has grown in popularity and adoptions since its early days as a fringe interest of hackers and nerds. Realtime Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dashcoin & Ripple Price and OTC in Naira, Dollar, Euro & Pounds. Convert any amount to or from Naira, US Dollars, Pounds and Euro. Bitcoin and Ethereum are digital currencies User understands that while there isn't registration required to trade Digital Assets on the BTCNaira website This quality of Bitcoin has made the digital currency a big hit in the African nation of Nigeria. In fact, Nigeria was ranked second globally in Bitcoin trading in December last year, accounting for just over 6% of the global Bitcoin trade. Additionally, the value of peer-to-peer transactions in Bitcoin rose around 1,500% in Nigeria in 2017 despite a directive from the Central Bank of Nigeria Part 2: How to sell or convert bitcoin to Nigerian naira online. Do you have enough bitcoin to sell? There are three major ways to sell bitcoin: 1) Direct trade, 2) Exchange trade, 3) Selling one-on-one. Sellin Bitcoin Online Via Direct Trade. Selling bitcoin online is the commonest way of trading your bitcoin: fast and secured, though you may

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Make lots of money online buying and selling bitcoin on luno web with naira, in Nigeria

In this #PaxfulSchool video, learn how to sell your bitcoin and get paid with Naira instantly! Sell your bitcoin here: http://bit.ly/2KERPYN Watch Paxful Sch... Search for a good buying price on local bitcoin. - click the *Buy bitcoins* enter the amount you want to buy and search. Select the best price that covers your price range and click on *BUY* 4. How to create a 3D Terrain with Google Maps and height maps in Photoshop - 3D Map Generator Terrain - Duration: 20:32. Orange Box Ceo 7,782,735 views buying and selling of bitcoin has never been so convenient in Naira but luno made has it all very easy as you can directly fund and withdraw to and fro your luno Naira wallet with our local banks ... Make lots of money online buying and selling bitcoin on luno web with naira, in Nigeria - Duration: 7:41. jonathan idudu 38,428 views

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