Isn't that what Soludo wanted to do during Obasanjo's tenure?

They won't allow CBN do that, it won't see the light of the day.

So you want trillionaires to become millionaires right?

Gunbiz:



if it goes above 440, cbn will remove 2 zeros at the end, making 1000 naira = 10 naira

this 1 go be the real gobe

Una no dey gree

Jainine:


Even at 1000 we will still import

onatisi:

Escrow for e currencies which can be charges back at anytime is very risky and dangerous .

My point of view exactly...you do a paypal transaction, you use escrow, it goes well...seemingly. 6months later, charge back is made, either cos that was the seller's plan all along, or he was paid for a gig that wasn't executed or poorly executed and knowing he wasn't going to execute the gig, had the money paid directly to you instead; paypal decides against you...what happens?


Or you buy $, cash, paid into your US Bank account, only to have your account blocked 2months later, that the police came calling in respect of the deposit because you are either being accused of collecting money and not delivering the goods, or that depositor is a known felon and had been on the watch list...how escrow go epp?

Gunbiz:


but he said if it reaches 440 ppl will stop importing

I never said Nigerians will stop importation totally but the cost of importing and selling will be far out of the reach of many Nigerians . Look at these e currency thread,how many deals have u seen advertised within the last 4 days ?? This is because the sellers too finding it difficult buying e currencies because the cost of the ones they sold is far below the present cost now . What Nigerians and mostly Ibo guys are doing now is export. The services sector will boom because ppl will start bringing out old items they have abandoned to repair and use instead of buying new ones .

#000000

bdavis:


My point of view exactly...you do a paypal transaction, you use escrow, it goes well...seemingly. 6months later, charge back is made, either cos that was the seller's plan all along, or he was paid for a gig that wasn't executed or poorly executed and knowing he wasn't going to execute the gig, had the money paid directly to you instead; paypal decides against you...what happens?


Or you buy $, cash, paid into your US Bank account, only to have your account blocked 2months later, that the police came calling in respect of the deposit because you are either being accused of collecting money and not delivering the goods, or that depositor is a known felon and had been on the watch list...how escrow go epp?

The only e currency that escrow can work for is bitcon because it is non reversible

onatisi:

The only e currency that escrow can work for is bitcon because it is non reversible

Payoneer
Skrill
Netteller
Pm
Once you send that's all

onatisi:

The only e currency that escrow can work for is bitcon because it is non reversible

WESTERN UNION AND MONEYGRAMM IS NOT REVERSIBLE

Ihavespoken:
Payoneer is very much reversible and it is one of the worst payment systems even though the popularity.

When you have an issue with a payment system that is when you truly know all that glitters is not gold.

An escrow system may kick off fine but will end up in fist fights.
Nigerians are not to be trusted unfortunately.

tell me more please

and by the way , i have faced all the payoneer wrath that is available

account suspending
account banning
account so soo so

but the good thing is that they will allow you to go with your money thasall

Bookiemart01:
Isn't that what Soludo wanted to do during Obasanjo's tenure?

They won't allow CBN do that, it won't see the light of the day.

So you want trillionaires to become millionaires right?

yes it is,

if they see that all other policies dont work out, they will finally implement it

has dangote's worth not dropped becos of this currency thing?

Gunbiz:



WESTERN UNION AND MONEYGRAMM IS NOT REVERSIBLE

yes ,but western union and moneygram aren't e currencies

Ihavespoken:
Ok, I introduced a couple of friends to Payoneer, they did just a few transactions and account got closed with over $3000 in each account without any reason.

To make it worse, Payoneer reversed payments to the clients who had already received the Naira equivalent. Trust Nigerians na, when you have such an issue that's when you will know Nigeria is the worst country in the Universe.

They are busy expanding into developing countries where they can manipulate their customers.

A lot of people here have experienced such but they wouldn't say cos its their problem.

well that is strange ,

because anytime payoneer want to ban your account, they notify you ( but wont give you the reason ) and they will give you 5 days to move or withdraw your money, after that the block it

and i agree with you on the bolded payoneer, paypal , skrill does that ..

they know we cant do anything because of bad reputation , the reason why payoneer banned my first account is unknown to me till date
neteller once banned me too until i provided all my documents and spam them with thousands of messages ( exaggerating )
if you go to paypal forum and see how a uk and usa citizen dey vex for paypal for account limitation, threatening them with lawyer

updated .. now that i think about it

i think onatasi is right, bitcoin is actually the safest ( at least for now )

Ihavespoken:
Payoneer is very much reversible and it is one of the worst payment systems even though the popularity.

When you have an issue with a payment system that is when you truly know all that glitters is not gold.

An escrow system may kick off fine but will end up in fist fights.
Nigerians are not to be trusted unfortunately.

even skrills,I had issues with them in 2011 when they were still called moneybookers,they closed my account with the money inside .most ppl in USA or western nations dont keep big money with most of these e currencies

Bookiemart01:
Isn't that what Soludo wanted to do during Obasanjo's tenure?

They won't allow CBN do that, it won't see the light of the day.

So you want trillionaires to become millionaires right?

Many Nigeriana still dont get the severity of what is about to happen to Nigeria in 8 weeks time if she doesn't get a lifeline soon!
The problem isn't about the currency but the economy,there is a lot of uncertainty in the air,nothing is stable,government keeps changing policies as if they are changing babies nappies ,no nation or business man wants throw his money into such an economy and that is what is fueling speculative buying and hoarding of dollars ,noone knows what can happen tomorrow. All the dullard needs to do is to douse the political tensions and automatically this will increase investors confidence in the nation economy

onatisi:

The only e currency that escrow can work for is bitcon because it is non reversible

You took the words right outta my mouth!

As it is, escrow can't work for ecurrencies. The escrow isnt even safe asender he/she will be dragged into any issue that arises from the transaction.


People only have to do their research before transacting with anyone on here.

Double hian

puskin:


This one don come again............ Hian.

Ihavespoken:
I see.
Yes for example my friends in the US living in the heart of New York City know nothing about Payoneer even though their office is 10 minutes drive away, a few that know about them like you said keep peanuts in their account balance. The US financial market is huge and companies like Payoneer can't keep up with the competition, that's why they focus on developing countries and exploit them.

India, Pakistan, Nigeria and gbegberu countries are the focus.

Love your contribution

The Genesis of all of it is that policy banning deposit of foreign currency into dorm accounts. Banks were short of FX to meet the demands and those who had it placed premium on it.

Mr president appears to have the most unintelligent group of economic advisers....non of their policy has worked yet.

Lots of companies have left Nigeria already so I'm not surprised potential investors aren't coming.

I hope he does something real soon.

onatisi:

Many Nigeriana still dont get the severity of what is about to happen to Nigeria in 8 weeks time if she doesn't get a lifeline soon!
The problem isn't about the currency but the economy,there is a lot of uncertainty in the air,nothing is stable,government keeps changing policies as if they are changing babies nappies ,no nation or business man wants throw his money into such an economy and that is what is fueling speculative buying and hoarding of dollars ,noone knows what can happen tomorrow. All the dullard needs to do is to douse the political tensions and automatically this will increase investors confidence in the nation economy

Sadly, our government policies have made genuinefinancial service providers run from here... and citizens? We have made it worse...


Like onatisi said, no serious investor will come here until we cleanup this economic mess....the only people we'll find are the ones who will exploit us.

I dey go that Canadian visa thread biko.....Nigeria Don tire me

Ihavespoken:
I see.
Yes for example my friends in the US living in the heart of New York City know nothing about Payoneer even though their office is 10 minutes drive away, a few that know about them like you said keep peanuts in their account balance. The US financial market is huge and companies like Payoneer can't keep up with the competition, that's why they focus on developing countries and exploit them.

India, Pakistan, Nigeria and gbegberu countries are the focus.

Bookiemart01:
Isn't that what Soludo wanted to do during Obasanjo's tenure?

They won't allow CBN do that, it won't see the light of the day.

So you want trillionaires to become millionaires right?

That will b d best solution for greedy people keeping their money at their home vault. They will have to bring out all d stolen money before govt change dem. U will be shocked how much is stacked in these polithiefcians houses. Both local n foreign currencies.

Bookiemart01:
Sadly, our government policies have made genuinefinancial service providers run from here... and citizens? We have made it worse...


Like onatisi said, no serious investor will come here until we cleanup this economic mess....the only people we'll find are the ones who will exploit us.

I dey go that Canadian visa thread biko.....Nigeria Don tire me

You wan enter Canada!

It is so sad the economy has become a quicksand.

Singapore1:


tell me more please

and by the way , i have faced all the payoneer wrath that is available

account suspending
account banning
account so soo so

but the good thing is that they will allow you to go with your money thasall

Have you seen this thread? ----> https://www.nairaland.com/3239054/terrible-experience-transacting-nairalander-klog

ladyF:

Have you seen this thread? ----> https://www.nairaland.com/3239054/terrible-experience-transacting-nairalander-klog

The guy actually shot himself in the leg by giving the Pakistan money

We are buying Skrill funds $3000 worth of funds. Anyone interested? If you know you are out for shady deals, please stay away.

Do you have the $3000 ready at once? we can meet you physically for the deal.

tumababa:


That will b d best solution for greedy people keeping their money at their home vault. They will have to bring out all d stolen money before govt change dem. U will be shocked how much is stacked in these polithiefcians houses. Both local n foreign currencies.

Lol

As in!!!
I wonder why he sent it. He should have just reported to payoneer..


Practical case of "do as you say". Klog probably put into practice what he knows.


I only pray the Payoneer doesn't send EFCC after him.

Singapore1:

The guy actually shot himself in the leg by giving the Pakistan money

ladyF:

Have you seen this thread? ----> https://www.nairaland.com/3239054/terrible-experience-transacting-nairalander-klog

Bookiemart01:
As in!!!
I wonder why he sent it. He should have just reported to payoneer..


Practical case of "do as you say". Klog probably put into practice what he knows.


I only pray the Payoneer doesn't send EFCC after him.

ethical hacking tow bad

Bros, I set reason am.....

Nigeria may not get better as I dey look am so. .

Pavore9:


You wan enter Canada!

It is so sad the economy has become a quicksand.