674 sats \ 6 replies \ @fredosha 2 Sep 2023 \ on: Why are there so few bitcoiner e-commerce businesses??? bitcoin
It is non-existent in my country Nigeria right now. We have a government over here that will not approve anything that takes their depreciating claws off our lives. But they can reject Bitcoin on paper but the people have embraced it and it is a part of our financial lives now. You can't ban Bitcoin, you can only try.
Are you saying that Bitcoin is adopted on day to day basis in Nigeria. That would be awesome.
reply
Of course. The citizens have found a way to incorporate the use of Bitcoin for financial transactions. However, the banks are barred from getting involved. You can't transact Bitcoin with the local banks, which has brought about the establishment private channels which facilitate the use of Bitcoin. So, the average, savvy Nigerian has a crypto wallet.
reply
Really awesome you guys find your way around and been able to lift citizens. That will pay off. People from the “1st world” will be learning from you experience.
reply
When you live in a country where survival of the fittest and most corrupt is crippling everything legitimate for those who just want to do the right things and live their lives, you'd surely find a way out of the matrix. Bitcoin ownership and transaction is a beautiful way out.
reply
Someone was telling me there are fiat-bitcoin markets that are just large WhatsApp groups.
reply
There are large WhatsApp and telegram group, also we have the more integrated ones, an example is binance. And there are other ones just like binance. It is left for the citizens to find a way.
reply