Crypto Community In Nigeria Say P2P Trade Not Responsible For Naira Weakness

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Crypto Community In Nigeria Say P2P Trade Not Responsible For Naira Weakness


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47 Comments

  1. 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?

  2. 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..

  3. 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.

  4. 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

  5. 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 😂😂😂

  6. 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

  7. 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.

  8. 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

  9. 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 💪

  10. 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 🙆🙆🙆

  11. 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.

  12. 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.