I came across this news last night concerning the new Airtel Africa smartcash payment service bank that just started operating, the
smartcash payment service has offered free transfer to Access, Zenith, UBA etc. I was surprised to see the news and it seems the offer will not stand for long and they just want their customers to enjoy the free transfer that's why they offered such.
Seeing the CBN transaction fee, #10 fee is for 5,000 etc. Remember that in bitcoin transaction you must pay a transaction fee and the fee dey high for now but now the local banks are making transaction free, seeing this free transaction offer sounds misleading for newbies that just started investing newly and some dey complain about the fee.
The fintech bank dey really try for Nigerians cause have seen another information in this board concerning Opay and their 15% annual profit. With all this kind of offers some people go quickly dump their investment then focus on the free transaction with their local banks, I'm not saying the free transaction is bad because we too dey part of the free transaction stuff but make e no stop some people from buying bitcoin, regardless the free transaction fee make we still focus on bitcoin because naira no get value and naira and bitcoin no fit compete.
In your own opinion what do you think about this move?