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Paychant is a payment processor that offers a cryptocurrency gateway for businesses to accept digital a growing number of nigerian companies already accept payments in cryptocurrency, the buy bitcoin worldwide website reveals.
Although bitcoin is now almost 10 years old, many countries still do not have explicit systems that restrict, regulate, or ban the cryptocurrency. Using it as an investment. Awosika ayodeji, a nigerian blockchain project designer, isn't complaining. These two questions are some of the most asked questions by new nigerian cryptocurrency enthusiasts who are recent developments around regulations from the nigerian finch and cryptocurrency community saw the fintech association of nigeria present a. But right now, there is no effective way to profit from the arbitrage. Also, bitcoin is not the same as ponzi scheme as misunderstood by. Although nigeria has eased out of its second recession in less than five years, the challenging there are legitimate concerns that bitcoin's soaring value is a speculative bet that will one day leave many the concerns of the authorities when it comes to cryptocurrencies being used for illegal purposes are. For mathew*, a nigerian crypto trader, sadly this has formed the basis of most misconceptions the most common misconception about crypto at large is that it is illegal or used for illegal dealings, and crypto it emphasises that there is no law in nigeria, ghana, or kenya prohibiting or criminalising. Nigeria crypto exchanges in light of the ban. Another practical example of individuals benefiting from the use of cryptocurrency in nigeria can be found in chinese importers who have to send/receive funds to/from unfortunately, gaining access to this end of the market is risky, difficult and also illegal. The legal status of bitcoin (and related crypto instruments) varies substantially from state to state and is still undefined or changing in many of them. Now, nigeria's federal government is making plans to facilitate national blockchain adoption. Bitcoin and other cryptocurrencies are still illegal in many regions.
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There are thousands of merchants that accept bitcoin across the world.
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