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Nairaland Forum / Nairaland / General / Business / You Want To Buy Or Sell Dollars, Euro Or Pound Sterling? P2P Barter Solution (608 Views)
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You Want To Buy Or Sell Dollars, Euro Or Pound Sterling? P2P Barter Solution by kanor: 1:40pm On Nov 24, 2015 |
Is walahifx.com (http://www.walahFX.com) the current solution to sourcing and funding domiciary accounts in Nigeria? It is a peer-to-peer currency barter platform. It is no news that Nigerians businesses cannot rely on official government sources to get foreign exchange any longer. It is also no news that with the current restriction in funding domiciliary accounts via cash deposits has resulted in frozen international trading activities. Most importers are having difficulties doing Telegraphic transfers or opening letters of credit to pay for goods and services abroad. Can a peer-to-peer method as that initiated by WalahiFX.com(http://www.walahifx.com) meet the needs of exchange in currency assets to some extent? |
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