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Using bitcoin is a close number 2 in terms of the total return, but does not encounter the problem of physically transporting currency to the destination. Bitcoin is cryptocurrency , a form of electronic cash , it is decentralized digital currency without a central bank or single administrator, it can can (ships to africa). Bitcoin is used mainly by some people, companies and websites in the more developed parts of the world such as europe and north america, we africans have not really got the hang of it yet. There are no official restrictions or ban on the use of bitcoin in nigeria. They offer a lot of crypto services to nigerian users, some of which include;
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Nigerian cryptocurrency traders are divided over the recent announcement by the central bank of nigeria (cbn) to launch its digital currency (nigcoin) the microblogging site is currently down in nigeria due to a government ban on its operations, but citizens are bypassing the restriction with vpn.
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How to invest in bitcoin in nigeria. Buying bitcoin is not rocket science. There are thousands of merchants that accept bitcoin across the world. The technology, blockchain, was made in such a way that it stores all the information regarding this bitcoin. Depositing naira in your wallet.
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