Categories: Bitcoin Entertainment

Bitcoin Trading Comes to Nigeria

Click here to view original web page at newsbtc.com

South African bitcoin exchange ICE3X has now made it possible to trade bitcoin in Nigeria through a partnership with Nigerian payment processor VoguePay.

Exchange founder Gareth Grobler described the situation with enthusiasm, and feels that Nigeria, Africa’s most populous country, is the prime area for a possible bitcoin market:

“The market… is potentially massive.  VoguePay have spotted the opportunity bitcoin offers, seeing as one of the primary attributes of bitcoin is its security.  Nigerian online consumers simply do not have the same access to goods and services from international vendors due to one simple thing – credit card fraud.  Bitcoin solves that problem… The idea is that, for example, a farmer in Nigeria can buy a tractor from a supplier in the USA, and both parties could benefit from the near instant, secure and transparent funding solutions underpinned by the bitcoin technology.”

The company is also planning to roll out merchant services so that local businesses will be able to accept the digital currency.

Grobler further commented on the potential mark that bitcoin could have on the Nigerian community:

“We have to be realistic… Bitcoin technology has yet to be packaged and applied correctly for it to be a mainstream alternative currency, but as an agnostic payment settlement mechanism within a larger framework it ticks all the boxes and could perhaps have a significant impact on shaping the Nigerian digital economy landscape.”

Exchange founder Gareth Grobler described the situation with enthusiasm, and feels that Nigeria, Africa’s most populous country, is the prime area for a possible bitcoin market:

“The market… is potentially massive.  VoguePay have spotted the opportunity bitcoin offers, seeing as one of the primary attributes of bitcoin is its security.  Nigerian online […]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama
Tags: carone

Recent Posts

Wealth manager launches world-first bitcoin yield fund

A US-based wealth manager has claimed an industry milestone with the launch of the first cryptocurrency derivatives-based yield fund on… Read More

5 hours ago

CME Group To Launch Bitcoin Options In Early 2020, Cites Client Demand

CME Group Inc (NASDAQ: CME ) announced Friday that it will launch options on its Bitcoin futures contracts in the… Read More

5 hours ago

Nigerian Rocks Crypto World By Returning NGN 28.8 Mn Worth Of Bitcoin That Was Sent To Him In Error

Here’s the latest on today’s edition of “Wait, What?!”; A Nigerian man woke up one day to find that NGN… Read More

5 hours ago

Bakkt: A Big Boost For Bitcoin (BTC) or Will It Flop?

Share Tweet Send Share The launch of the largest institutional bitcoin product of the year is finally upon us. Can… Read More

5 hours ago

Bitcoin (BTC) Metrics Pointing to Bullish Returns

Share Tweet Send Share Many analysts over the years have said that bitcoin is a speculative bubble, comparing it to… Read More

5 hours ago

Bitcoin Sheds $10,000 Support Again Ahead of Bakkt Launch

Ahead of the launch of Bakkt’s Bitcoin (BTC) futures, bears have continued to assert control over the cryptocurrency market. Ouch.As… Read More

11 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More