Crypto Community In Nigeria Say P2P Trade Not Responsible For Naira Weakness
Crypto Community In Nigeria Say P2P Trade Not Responsible For Naira Weakness
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Great analysis, thank you! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
Can all these guys talking here swear in court that their statements are true and should be sued is not.
CoinCola P2P is open NGN market.
Happy new year friends 🎄thanks to you ma'am you have changed my whole life I'll continue to preach about your name for the world to hear you have saved me from a huge financial debt thanks so much Mrs Wilma Gupta..
Why I go buy dollar with naira 😂😂
Governments run by ignorant people will make such decisions. Binance that have KYC is your target instead of BDCs that have no regulatory structures and are the ones determining the value of Naira. It’s sad to see and experience.
The Federal Government don't know shit.
Dem don cutt am off
Am a supporter of Tinubu but that doesn't mean i should support everything they do good or bad.
Crypto is not the main reason for the fall in the value of naira the greed and corruption of the leaders starting from those big boys in the banking sector down to the legislature and governors are responsible
Crypto will cripple the economy of your country. You have to stop it now if you want your economy to move forward
Mr. Emmanuel is correct. I made a lot of money from airdrops.
Guess what, nobody only God can stop crypto or its' tech. P2P should be the least of the Gov worry. Just produce anything anything the naira will appreciate
Nigeria is going down for baning binance because there is no reason to restricte All Nigeria wallet on binance
Emmanuel, you are 100% right.
Emmanuel please reduce the number of "actually" when talking. Its too much…
Absolute BS to say P2P is responsible for what was going on long before P2P boom in the country
First they can using NGN to buy Crypto.
Now they’re banning P2P.
They’re very clueless on handling Nigeria’s problem.
Let the poor breath!!
Who buys USDT? For what reason?
Emmanuel is 100% correct, people earn dollars through crypto and liquidate through P2p to spend, the government needs to be aware of how it works and stop playing with ignorance.
God punish this government for stoping NGN
Wisepad app new arbitrage opportunity 🎉
The Bala Blu government is confused 😅
Our government dey sick them no know wetin dey worry them .😂
The bank is trying to blame crypto for their inability to innovate the banking system
I have never used my naira to buy dollar. I always sell my dollar to naira.. so why the so called drama by our government
Yeye, people, why una remove the guy, when he one tell una make federal govt work with crypto, una quick remove am… Una when be news channel dey join spoil this country, because una nor want make people talk truth for national television and una nor dey talk truth 😂😂😂
Of course we p2p users aren't in anyway the cause of this!! The USDNGN pair is not respecting market dynamics. This is pure price manipulation. CBN isn't doing anything, no policies, no financial statements etc. The problem is from the system
We all know that Emmanuel was cut off.
Binance volume is not up 2 million dollars, how could it be responsible for naira devaluation?
Naira don't have any use case that's why it's going down (they call such shi*tcoin in crypto term)
Clueless government looking for who to blame for their inefficiencies
Emmanuel needs to pay his bills🤣
This lady has no idea what she's saying just speaking english. Which one be regulators working with binance 😂😂
Emmanuel is 100% correct, since last year, I've only sold USDT for NGN.
The government should focus on theur responsibility and stop throwing blames around unless they're clueless.
Your talk not, but you buy very much😂😂😂funny
I do wonder how we the youths have offended the ruling class 😢
For the deposit cashlink section, i think binance should configure it like putting one account number there, we credit it with the amount we desire and our wallets get credited,not different people with different accounts, and yet there is always no matching order when we want to deposit. Just eliminate that part. for example in forex sites, you are given a particular registered account number assigned for everyone as long as you are in Nigeria, just pay into that account and in minutes your wallet is credited.simple as that, if not the P2P merchants from both ends are making trading activities impossible using naira.And no jobs in this useless nation called Nigeria,no children benefits, no loans .the P2P merchants are selling and buying to themselves alone and whom they deem fit in their friends and family and caucasus
I support the federal government 100% on this
Hello everyone, if the federal government wants the Naira to gain strength 💪
They should start farming 🚜
Not the local farm people use to farm in village
They should buy tractors 🚜 farming equipment and employ people, and get good management, let there be food everywhere
Let people work in farms
Also sell the food at the market to make profit , each state should have up to 400 companies of farm 🚜
All this country, eg USA European, Australia, Asia 🌏
They are all farming 🚜 in an international way
The naira will automatically gain strength 💪
This lady just made the most funniest quote of the year " The Federal Government are making sure they are leaving no stone unturned" 😂😂😂. In my opinion, the federal government knows how to cub this Naira inflation but they also know how to divert the attention of Nigerians by pursuing the wrong thing. Ever since this party came to power, their mission is to bring immiseration upon the poor citizens. Any platform that would empower the youths, becomes their worries. Sorry for Nigeria 🇳🇬 we are headed towards a dark tunnel 🙆🙆🙆
I said it that this government don’t know what they’re doing always implementing wrong policies.
This is how the market work
When there's excess demand and there's less supply.
You will expect explosion in inflation!!!! Simple maths
Nigeria: country of scammers..so BTC is only fair game
Binance is not the problem, if you should stop binance then you also need to showdown banks too because banks also has the black market exchange rate.
So when you stop binance, what about banks that has the blackmarket rate?
What about other fintech company that has blackmarket rate?
So the solution is that, let the CBN gives rate and any digital platform that sells above that face the weight of the law simple.
You can't just stop binance and expect everything to be normal.
Leaving no stone unturned but they do proper research and not just make improper conclusions
God bless you!…Emmanuel…We mostly buy Naira with USDT
BINANCE IS NOT THE PROBLEM. THERE'S P2P FOR PONDS £. SO IS NOT ONLY NARIA. WHAT ABOUT P2P EURO €?. NIGERIA HAS NO IDEA OF DEALING WITH THE PROBLEMS.
When you have a government that has no plan for the youth, they end up frustrating their efforts. That's why most of them leave the country for greener pastures. The old fools of corrupt politicians keep stealing billions in foreign currency stock piling it in their homes and they think the Naira would appreciate. When you have people richer in government than genuine businessman, they will definitely frustrate every effort for business to grow in the economy.