Interview: Bitcoin In Nigeria With Ahyke Otutubuike

Interview: Bitcoin In Nigeria With Ahyke Otutubuike

This episode of "Bitcoin In Asia" hosted Nigerian writer Ahyke Otutubuike to discuss the state of cryptocurrency in his home country. The post Interview: Bitcoin In Nigeria With Ahyke Otutubuike appeared first on Bitcoin Magazine.

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However, this news may indicate the Central Bank of Nigeria wants to mimic what Bitcoin brings to the table. The idea of using cryptocurrency in Africa has a lot of merit. With lower transaction fees and global availability, Bitcoin makes for a strong candidate. In Nigeria, the idea has gained a valuable supporter, as the Central Bank of Nigeria shows an interest in cryptocurrency. An exciting future looms for cryptocurrency in the country, albeit specific details are hard to come by. For the time being, it remains somewhat vague as to what the Central Bank of Nigeria aims to achieve. It....

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Bitcoin Remittance Chances For Nigeria Are Slim To None

The bad news is how companies looking into this business model will need to convince the Central Bank of Nigeria about their intentions. Money transfer services are prone to disruption by new technologies. Many people feel Bitcoin, and other cryptocurrencies are a legitimate threat to remittance services. But in Nigeria, MoneyGram will continue its operations, as they are officially recognised as a trusted money transfer provider. This news comes on the heels of various remittance platform shaving their licenses revoked two weeks ago. It will not be easy to venture into the money transfer....