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1  Bitcoin / Bitcoin Discussion / Re: As Nigeria Heads Toward Recession, Bitcoin Could Offer Recession Proof Savings? on: June 01, 2016, 04:20:42 AM
I am not too sure how accessible internet service in Nigeria. It might be difficult for most people to use bitcoin.

No, most people uses mobile wallet blockchain.info is very popular. Nigeria has over 86,219,965 internet users ranked 7th in the world.   
2  Bitcoin / Bitcoin Discussion / Re: As Nigeria Heads Toward Recession, Bitcoin Could Offer Recession Proof Savings? on: June 01, 2016, 02:41:53 AM
^^The price gap between the black market and the interbank makes bitcoin attractive to people sending money to Nigeria. Most of the money transfer services calculated their rate based on the inter-bank N285 minus the 12% fees (N250) while you can buy bitcoin and exchange it in Nigeria at the black market for N325 at www.nairaex.com
3  Bitcoin / Press / [2016-05-31] BTC.NG | Bitcoin Could Have Kept United Airlines In Nigeria on: June 01, 2016, 02:22:55 AM
3 major airlines have pulled out of Nigeria due to FX scarcity, about $575M needed to transfer out of Nigeria by Airlines operating in the country.

Read more: https://btc.ng/market-news/bitcoin-could-have-kept-united-airlines-in-nigeria/
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][slock.it][Company] IoT meets blockchain - A TheDAO proposal on: June 01, 2016, 02:10:56 AM
The potential for DAO powered project is huge especially in Africa. We did few articles on DAO

https://btc.ng/market-news/dao-smart-contracts-101-in-nigeria/
https://btc.ng/market-news/dao-project-brings-countless-opportunities-in-nigeria/
5  Bitcoin / Bitcoin Discussion / As Nigeria Heads Toward Recession, Bitcoin Could Offer Recession Proof Savings? on: May 26, 2016, 09:10:36 AM
Nigerians are going through tough times due to the falling oil revenue covers 95% of the government revenue.


With the local currency devaluation, Nigerian should Save bitcoin, instead of fiat currency or Gold: https://btc.ng/bitcoin-guide/save-bitcoin-instead-of-fiat-currency-or-gold/


Nigerian's view on bitcoin savings

[05-26, 1:54 AM] Emma: The issue is that with the current situation, it is even difficult to save. Spending everything on fuel, transportation and food
[05-26, 1:55 AM] Emma: What we used to buy for 3k is now 42k as at my last check


05-26, 1:13 AM] Obi. The guarantee part of heading towards recession.... I have that thought sometimes ago of saving my funds to BTC for future.
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