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Bitcoin => Press => Topic started by: WishICanTurnBackTime on August 15, 2016, 02:32:09 PM



Title: [2016-08-15]Central Bank Action On Money Transfer Services Gives Bitcoin Yet ...
Post by: WishICanTurnBackTime on August 15, 2016, 02:32:09 PM
Central Bank Action On Money Transfer Services Gives Bitcoin Yet Another Boost


The Central Bank of Nigeria has passed a rule that leaves most Nigerian money transfer operators unable to provide services to that country, making bitcoin a more valuable remittance tool, according to The Daily Post Nigeria.
Only three companies – Ria, Money Gram, and Western Union – can continue money transfer operations. Nigerians using these services will have to pay high fees for sending money across international borders. Hence, bitcoin offers a solution since it allows people to send any amount anywhere at any time at negligible cost, usually in less than five minutes.

https://www.cryptocoinsnews.com/central-bank-action-on-money-transfer-services-gives-bitcoin-yet-another-boost/