Bitcoin, the currency that came handy - The Nigerian scenario.

[Kayzzy3]

During the recent #EndSars #Endpolicebrutality in Nigeria, the government stopped all foreign transfers and transactions because money was also coming from abroad to keep the protest alive and to show ot to the world. Although the present administration doesn't support crypto currency.

The youths went crypto they sent bitcoins and Ethereum which was convert to Fiat cash so money was the least of their worries this so baffled the government until they contemplated shutting the internet too. Both they didn't.

That period caused a revolution in crypto in Nigeria because.

1. Prior to that time, selling of crypto was basically by KYC, it was very stressful, sometimes you wait for days to get transfer of fiat from potential buyer, but today it just a click away, snap! It's sold.

2. More young people now know the importance of crypto currency.

Do you have any cool experience with crypto?

 

[Niftyyem]

Cryptocurrencies have come a long way and Nigeria is a very huge crypto market, so, it is not surprising that they were unstoppable and able to use it for important activities that got the attention of the government