Nigeria To Launch Its Own Digital Currency (See Details) NAIJAOCTOPUS: Nigeria To Launch Its Own Digital Currency (See Details)

LATEST POSTS

October 4, 2017

Nigeria To Launch Its Own Digital Currency (See Details)



Digital currency is here to stay for real and I’m sure few years from now fiat currency may be out of place.
I remember Central Bank of Nigeria fought against bitcoin and other digital currency, gave strict warning to banks that all banks in Nigeria will be sanctioned should they process or get involved in cryptocurrency… then I laughed in Swahili…
Right now, Japanese and Nigeria’s Central Bank are said to be looking at collaborating to development of digital currencies that will be legally accepted as a means of payment across both countries.
It will interest you to know that Japan already ahead of Nigeria accepted bitcoin as a means of payment in its financial market.
As at when CBN kicked against the use of bitcoin, the value was still around $450 – $600; but right now, the value is $4,336.7.
I was privileged to get myself some bitcoin, invest in some cryptocurrencies and I have no regret at all for that.
According to PageOne, the government is also looking at developing its alternative digital currency that will be politically sanction called the J-Coin developed by the Mizuho Financial Group and Japan Post Bank.
There is no timeline as to when the digital currency for Nigeria will be launched but there are indications that an initial coin offering, ICO might be possible in the next 12 months.
So if you’ve got yourself some bitcoin, trade with it or keep it, but don’t spend it. Either way, it will increase in value.

(www.naijaoctopus.com.ng) do not claim ownership of any of the Songs and Videos that we upload and any copyright infringement complaints will be executed immediately! It is our policy to honor all take-down requests! Email Us via naijaoctopus@gmail.com

If you believe that this page has violated your copyrighted/protected material(s), please kindly Contact Us for immediate removal, or mail us at naijaoctopus@gmail.com stating the content name/URL of the page. Thanks.

To upload your music on (www.naijaoctopus.com.ng) and get massive download, contact us now via:
Whatsapp/call: 09053507350 or 08162392390
Email: naijaoctopus@gmail.com



Copy the link below and Share with your Friends:


post-summary-thumb

Article Name

Nigeria To Launch Its Own Digital Currency (See Details)

Description



Author Name



Published On

 

Post Category

NEWS




Download Our Official Android App on Google Playstore HERE
OR
Download from another source HERE



entclass-point
entclass-gfx

No comments:

Post a Comment

Your comment goes a long way in helping our team...
Please drop your comment