years from now fiat currency may be out of place. I remember Central Bank of Nigeria fought against
bitcoin and other digital currency, gave strict warning to banks that all banks
in Nigeria will be sanctioned should they process or get involved in cryptocurrency… then I laughed in Swahili…
be looking at collaborating to development of digital currencies that will be
legally accepted as a means of payment across both countries.
Nigeria accepted bitcoin as a means of payment in its financial market. As at
when CBN kicked against the use of bitcoin, the value was still around $450 –
$600; but right now, the value is $4,336.7.
cryptocurrencies and I have no regret at all for that.
developing its alternative digital currency that will be politically sanction
called the J-Coin developed by the Mizuho Financial Group and Japan Post Bank.
is no timeline as to when the digital currency for Nigeria will be launched but
there are indications that an initial coin offering, ICO might be possible in
the next 12 months.
if you’ve got yourself some bitcoin, trade with it or keep it, but don’t spend
it. Either way, it will increase in value.