20 sats \ 0 replies \ @KenyaCoin 10 Nov 2022
Problem: Foreign company paying employees in Nigeria are no longer allowed to compensate staff at the rate of N800 per dollar, but instead at the central bank rate of N440 per dollar.
Solution: The company offers to their top talent plan to relocate them to another jurisdiction where those dollars are not chopped, then fires the rest of the company's Nigerian staff.
Bitcoin solution: The foreign company sells bitcoin in Nigeria at spot market rate and then pays staff in NGN. Or pay the employee directly with bitcoin and the employee uses something like bitnob to obtain NGN as needed for spending.
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11 sats \ 0 replies \ @cryptocoin 10 Nov 2022
https://nitter.it/mattflannery/status/1589745739466682368 <-- Shows the thread in a single, easy-to-read, web page
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