Strengthening The Naira: Analyst Reviews Impact Of Peer To Peer Crypto Trading
Strengthening The Naira: Analyst Reviews Impact Of Peer To Peer Crypto Trading
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So much on crypto 6 months on and fx is unstable despite restrictions on binance and co
Bots are spamming.
Its really a shame that Nigeria is not a producing nation
God bless you Rhume Ophi..You said it all.Few individuals are responsible for the current hike in rate of naira .Binance has nothing to do with this.
Una go explain explain explain tire😂😂😂. Nigeria problem no be today and it's not binance at all. Government should repent; whichbthey won't 😂😂. A corrupt leader who's beating around the bush to finding something to blame as the country problem is total perfect failure already. Will you solve the economy from the top or grombthe root of problem. Which they are number problem: greed leading and wealth acquiring… Government serve and lead according to the interest of her people and not their pocket/belly😅
It's a free world free market p2p can never be stopped, government should as well allow direct buy of usdt by bank cards then p2p market will slowly die off… P2p was not popular until government stopped direct purchase using bank cards
It is funny you say why don't people trade with bank rate, the question should be would the bank give you dollar? the answer is no. Bank will ask you to go buy dollar from black market and give to them. How do you. then buy dollar at black market rate to give to bank and then sell or transact at bank rate. How many african countries have this black market we talk about.
What we do or invest our monney in is none of the Nigerian government business.
Where did this guy get his Business degree from?
Usdt is higher than usd rates
There are useless economic weakness in Nigeria. we want to trade on crypto exchanges and make profits. P2P sellers merchants are selling naira, do they sell naira in Nigeria? why are they selling naira on P2P. the P2P Bitcoin sellers are something else, they reduce the prices if you want to sell.These cashlink binance people and the no matching orders always are something else.let us be funding our wallet through the bank transfer method with a particular account number instead different accounts numbers and they are still unreliable with no matching order but they are selling to themselves and their orders will be available
I enjoyed the conversation and a vital point has been laid out by the analysts and the journalist. But I believe most of the questions are not answered, though the data doesn't tell the whole story but it gives a part way, so we need peaple who know the chart and data both from economy views, financial views, and the sentiment views of an investors, and how the government can use does data to better it's economy,
It can be done and we have does with that ability who can explain the data in a clear language
To improve the economy, it's essential to focus on strengthening the Naira. Distracting elements, like Binance and other FX trading platforms, should not take precedence. Let's prioritize measures that genuinely contribute to economic stability and currency strength.
Why can't people rely on bank rates? I believe I have a better answer to that question. Firstly, if you possess a more in-depth understanding of currency pair rates in the global market, you will realize that Nigerian bank rates may not accurately represent the real global market rate. It's akin to stating that EUR/USD is 1.8945 today and expecting the same rate the next day. Instead, banks should display the global rate, avoiding speculation or providing inaccurate rates. This approach would foster transparency, preventing bankers, especially CEOs, from exploiting these differences for their selfish interests.
Govt is not telling you not to buy Bitcoin or altcoins, the manipulation of prices on p2p by criminals is what govt is targeting
Crypto is not a problem, criminals are manipulating the market on p2p and speculating prices.
Govt don’t have anything against crypto
Let the truth be told: the commercial banks in Nigeria are responsible for the fall in the value of our currency.
Blocksailor's commitment to autonomy resonates with the core ideals of cryptocurrencies. Exciting times ahead!
Blocksailor's commitment to autonomy is commendable. A step toward a decentralized future!
Blocksailor's goal to prioritize autonomy is refreshing. It's encouraging to see projects that value user control!