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Nairaland Forum / Nairaland / General / Politics / What Does Crypto Contribute To The Economy (15747 Views)
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Re: What Does Crypto Contribute To The Economy by stevonics: 10:44am On Feb 22 |
Bros, you answered it. They said it can not be traced as if they are interested to trace funds looted from our treasury without crypto. Emmizay12: |
Re: What Does Crypto Contribute To The Economy by Pythagoras001: 10:44am On Feb 22 |
it can have benefit to the economy if the government tax profit from trades on the platform and the platform owners. |
Re: What Does Crypto Contribute To The Economy by bluefilm: 10:45am On Feb 22 |
Mindlog: Please, can you give more details on how this is done? Thank you |
Re: What Does Crypto Contribute To The Economy by wink2015(m): 10:45am On Feb 22 |
It is a medium of digital currency exchanges. For example, many freelancers doing online jobs in Nigeria are paid through crypto. This is because paypal limited the use of their platform by Nigeria and some African countries. So crypto comes in handy to rescue online freelancers. |
Re: What Does Crypto Contribute To The Economy by Favourchris(f): 10:47am On Feb 22 |
Epstein: So much ignorance smelling from one comment 1 Like |
Re: What Does Crypto Contribute To The Economy by Chibuzoc(m): 10:47am On Feb 22 |
I will advice any young person to know more about crypto and web3, forget about this old fuuuls saying shits about crypto. Crypto is your future, we are leaving the era of web2 to web3 don't be left behind. 3 Likes 1 Share |
Re: What Does Crypto Contribute To The Economy by NOwazobia: 10:48am On Feb 22 |
Manowar94:No, he wants to attack it. The tone is an attacking tone. |
Re: What Does Crypto Contribute To The Economy by paskal16: 10:49am On Feb 22 |
Can't believe some retards are actually blaming crypto for the ineptitude of the Nigerian economy Wallahi I have seen it all |
Re: What Does Crypto Contribute To The Economy by ogaontop(m): 10:49am On Feb 22 |
jumper524:You're living like 10 years back bro, get informed! |
Re: What Does Crypto Contribute To The Economy by carl90(m): 10:49am On Feb 22 |
100% on point! spiSeyi: 1 Like |
Re: What Does Crypto Contribute To The Economy by E180416: 10:51am On Feb 22 |
ozo13: The blockchain, a disruptive technology is behind the emergence of cryptocurrency. The blockchain technology offers full transparency to transactions and open to anyone or institution that needs verification. The current fiat system does not offer this. Infact, governments can deploy the blockchain to improve its processes for efficiency because of its transparent nature. The benefit to the economy cannot be over emphasised. Many Multi nationals like Amazon are deploying the blockchain technology to their operations. A food for thought, the US SEC last month approved Bitcoin ETF to legalise the trading of Bitcoin among securities. We need to be forward thinking and be among the foremost in the adoption of new technologies that creates transparent value. I am sure the government realised this hence the recent lift on the banning of cryptocurrency. |
Re: What Does Crypto Contribute To The Economy by itsene: 10:52am On Feb 22 |
Zilch A criminal enterprise. |
Re: What Does Crypto Contribute To The Economy by Quebec91(m): 10:53am On Feb 22 |
Epstein: |
Re: What Does Crypto Contribute To The Economy by Quebec91(m): 10:53am On Feb 22 |
Confirm 3rdeyeNigeria: |
Re: What Does Crypto Contribute To The Economy by OZIOGU1: 10:55am On Feb 22 |
If you are having issues running your binance/OctaFX after fg ban, PM let me put you through. |
Re: What Does Crypto Contribute To The Economy by Acidosis(m): 10:55am On Feb 22 |
How does the Naira contribute to the economy? |
Re: What Does Crypto Contribute To The Economy by NOwazobia: 10:56am On Feb 22 |
Emmizay12:He is not asking a question, he is actually attacking the industry. That is a rhetoric question that seeks to discredit cryptocurrency. I don't discuss reasonably with idiots. Sane people wouldn't have drop anything reasonable for him and his likes to masturbate to. |
Re: What Does Crypto Contribute To The Economy by wittydee: 10:57am On Feb 22 |
fightingdemons: if you do a simple search on google, you will get ssuitsble answers. It is no wonder why we are lagging behind technologically if someone can be asking this queation in this prwsent time and age. |
Re: What Does Crypto Contribute To The Economy by KushLyon(m): 10:57am On Feb 22 |
KingKO22:I do crypto blogging and earn dollars in crypto without investing nothing but my time, so yes there's a big difference Don't talk about things you don't know |
Re: What Does Crypto Contribute To The Economy by Deogratiasfx: 10:58am On Feb 22 |
Difrent: So what did he did he do? |
Re: What Does Crypto Contribute To The Economy by tollyboy5(m): 10:59am On Feb 22 |
3rdeyeNigeria:Lol stop it. It's highly beneficial to Nigeria economy. Once I get paid in usdt I sell them to get naira cash. |
Re: What Does Crypto Contribute To The Economy by melodyogonna(m): 11:01am On Feb 22 |
3rdeyeNigeria:Wetin be this nonsense? First of, other countries tax proceeds gotten from crypto investment... so it benefits their local economy, Nigerian government decided to be stupid about it |
Re: What Does Crypto Contribute To The Economy by RepoMan007: 11:02am On Feb 22 |
Orlu13:I mean criminals love paying for things with crtpto because of its hard-to-trace feature. |
Re: What Does Crypto Contribute To The Economy by LARRYOBRAIN(m): 11:03am On Feb 22 |
On point, another betting platform manipulated by the owner and his cohorts and to defraud people. KingKO22: |
Re: What Does Crypto Contribute To The Economy by wman(m): 11:04am On Feb 22 |
Without crypto, a lot of young Nigerians would have been unemployed, thus putting more strain on the few jobs available in the country. Crypto has alo brought a lot of FOREX and cash money that has circulated through the economy. Without USDT, demand for dollar would have increased and maybe even gotten to $3000/N |
Re: What Does Crypto Contribute To The Economy by damiloladuke: 11:06am On Feb 22 |
EponObi: I've been in the crypto space for 10 years, but I must commend you for this write up. You made it seem like I am getting crypto information just today. I read all you wrote with full concentration and this should serve as motivation to every newbie and veterans. God bless 2 Likes 1 Share |
Re: What Does Crypto Contribute To The Economy by sulaak(m): 11:07am On Feb 22 |
fightingdemons: Nothing |
Re: What Does Crypto Contribute To The Economy by ozo13(m): 11:07am On Feb 22 |
Deogratiasfx:our country is having some challenges and the poster asked an important question.could people rushing to save there money in crypto or dollar further make the naira valueless.it isn't about oil now.its about the advantages and disadvantages of the cryptocurrency to the Nigerian economy.you guys need to convince us that aside Tinubu that made the policy to remove subsidy and also naira floating, prove to us Nigeria citizens moving there savings to crypto hurriedly are in a way no causing more problem to Nigeria economy and what should be the solution.Thanks |
Re: What Does Crypto Contribute To The Economy by Orlu13: 11:10am On Feb 22 |
RepoMan007: is there no system dat criminals use..don't criminals use banks as well all the money bandits have been taking since as Ransome, how many has ur government traced u ppl should leave talk jor |
Re: What Does Crypto Contribute To The Economy by ObalendeCMS: 11:11am On Feb 22 |
Doing crypto is not different from doing pos business. Both are bullsheet! |
Re: What Does Crypto Contribute To The Economy by EponObi(f): 11:14am On Feb 22 |
damiloladuke: Thank you sir. People need to be informed. We are the headquarters of poverty in the world, our people ought to be attentive to crypto - that's our game changer to overcome the yoke our political system has placed on us since independence. |
Re: What Does Crypto Contribute To The Economy by fightingdemons: 11:14am On Feb 22 |
ObalendeCMS:if you want to call it bullshit then give your reason 1 Like |
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