Tag: Nigeria

Nigerian Bankers Committee Plans to Legalize Bitcoin

Quite a few countries are contemplating how they should treat bitcoin moving forward. Cryptocurrency poses intriguing opportunities, yet it is difficult to regulate as there is no centralized entity controlling the ecosystem. Nigerian banks are contemplating to legalize bitcoin, which would give the popular cryptocurrency a significant boost, to say the least. Nigeria Has Plans with Bitcoin It is not the first time someone brings up the concept of Nigerian …
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Bitcoin Price Spikes to $1,600 in Nigeria

Nigeria is displaying an insatiable appetite for bitcoin right now. NairaEx, one of the leading cryptocurrency exchanges in the country, is trading BTC at nearly US$1,600 each. Considering how the market average is just above US$1,10 right now, the situation raises a lot of questions. Bitcoin is being embraced by the Nigerian population by the look of things, even though no one is quite certain as to the exact cause …
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Nigeria Launches New Electronic Payment System Inferior To Bitcoin

The future of payments in Nigeria is all but certain these days. It is evident that mobile will play a significant role in the future way of paying for goods and services, though. mCash could become a major competitor to Bitcoin over the coming years, although it remains to be seen how popular the service will be. Nigeria Focuses On Alternative Payment Systems It is rather strange to see Nigeria, …
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Nigerian Central Bank Revokes Nearly All Money Transfer Licenses

Nigeria is a country dealing with a lot of financial problems for some time now. Money transfers, such as remittance solutions, have always made life a bit more bearable for the people living there. But that is going to change, as the Central Bank of Nigeria will block most money transfers in and out of the country. This is a golden opportunity for Bitcoin to make a splash, as it …
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