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RE: Powerlessness of the Naira: Why Every Nigerian Must Own Bitcoin

in #bitcoin5 years ago

Thanks for your post.

I see that our countries have much in common in that political follies, errors in management and corruption problems have brought our national currencies to a deplorable state.

I share your idea that one way to safeguard some of the assets is to invest in currencies that are more stable than their own, but in some cases governments establish financial restrictions and fences to prevent this.

In my country we were encircled and reduced access to currency purchases, so we saw how our savings were irremediably devalued. Faced with this problem, Bitcoin and other cryptocurrencies have given a solution.

We can exchange cryptocurrencies between peers and exchange them for our currency or other currency with much greater freedom and speed, so that those outside are looking to make a living and help their relatives, they have a way to give this support without the exaggerated commissions of platforms more traditions.

In addition, several of my colleagues prefer to work for external contracts, so even though they are in the country, their clients are from other countries, so they usually charge in currencies and some are already preferring to charge directly in cryptocurrencies.