If Naija Shops Begin Accept Cryptocurrency, How You Go Feel?

[PRIBO247]

If you enta shop rite or spar and u buy something finish, dem come show you option of payments. And inside that option, top 5 cryptocurrency coin dey dia. Nah how u go feel?

[Stuart]

This one na welcome development. That one mean say we don grow, and for technology wise. This one na, na strong tut wey em don de my mind, but e oh take time be4 Naija people of recognize am. E oh de preferred say na for big big things them wey person fit use crypto currency pay for, otherwise, tranx fee oh pass the money u take buy something.

[MOProgress]

If you enta shop rite or spar and u buy something finish, dem come show you option of payments. And inside that option, top 5 cryptocurrency coin dey dia. Nah how u go feel?

I dey happy for sure and that one be say Naija son become the official Africa leading cryptocurrency country be that o.

[Stuart]

I dey happy for sure and that one be say Naija son become the official Africa leading cryptocurrency country be that o.

This one oh be very big criteria for Naija, and e oh boost awa economic system and position for Africa.

[PRIBO247]

If you enta shop rite or spar and u buy something finish, dem come show you option of payments. And inside that option, top 5 cryptocurrency coin dey dia. Nah how u go feel?

I dey happy for sure and that one be say Naija son become the official Africa leading cryptocurrency country be that o.

I dey tell u! God help say u hold d coin way dem indicate has mode of payment, kai! e go sweet wela! and truly naija go come reign as crypto centre for Africa.

[tonymillions84]

they say niaja no dey carry last. they better be fast about it. i go be the happiest person if our nigerian coin will ever be utilized in our country. i dey talk of the TBC.

[Fatiti]

I believe say, very soon we go soon enter that stage of development, the way Nigerians dey turn up for cryptocurrencies dey amazing and with time, full adoption go enter we country.

[Abiodun]

Even now self, I believe some shops done dey accept am for Naija, like for Lagos e get one mall we I go, them say dem go accept bitcoin and ether so I believe we are getting to the main stream gradually, E go only take some years but we go get there soon.

[Gormicsta]

E go go well o, because at times if you won go buy something and you go first sell some of your coins so that you get money for account to make transfers but you come forget and you no won waste time for there and you come still see the opportunity for you say you fit pay through your coin, e go dey easy for you na, if na me I go dey happy well well o, because e don save me from time waste because if na another person I go still dey find buyer then still dey wait for am to send money first to my account before I go release the coin, what if network been dey worry. But if na to send to the shop rite people at once, e go dey more easier and it means we don dey accept cashless policy wella, at least to save us from charge from POS.

[Charles-Tim]

If you enta shop rite or spar and u buy something finish, dem come show you option of payments. And inside that option, top 5 cryptocurrency coin dey dia. Nah how u go feel?

I will not feel surprised because I can easily convert my bitcoin to naira for spending. If you see something like that, it won't be common and most sellers will not accept bitcoin except Nigeria accepted it that people should be using bitcoin and some cryptocurrencies for paying for goods and services. If most merchants and shops are accepting cryptocurrencies for payment, I may not still go for it because likely the coins they will accept will have transaction fee that is higher than when I am using Kuda, Opay and Palmpay with some free transactions per day or week.

[Igebotz]

If you enta shop rite or spar and u buy something finish, dem come show you option of payments. And inside that option, top 5 cryptocurrency coin dey dia. Nah how u go feel?

I will not feel surprised because I can easily convert my bitcoin to naira for spending. If you see something like that, it won't be common and most sellers will not accept bitcoin except Nigeria accepted it that people should be using bitcoin and some cryptocurrencies for paying for goods and services. If most merchants and shops are accepting cryptocurrencies for payment, I may not still go for it because likely the coins they will accept will have transaction fee that is higher than when I am using Kuda, Opay and Palmpay with some free transactions per day or week.

Most luxury barber shop and boutiques dey accept Bitcoin payment for this area but den get certain amount, if your bills dey below N10000, you can not pay with BTC but the network congestion messes most of them up, the truth be say de moment you pay using BTC den go see you as one of those Yahoo boys cause our society don dey messed up to de extent once you mention BTC den go look you wrong eyes. This na one of the factors wey dey reduce the adoption of Bitcoin payment in our region.

[Agbe]

Most luxury barber shop and boutiques dey accept Bitcoin payment for this area but den get certain amount, if your bills dey below N10000, you can not pay with BTC but the network congestion messes most of them up, the truth be say de moment you pay using BTC den go see you as one of those Yahoo boys cause our society don dey messed up to de extent once you mention BTC den go look you wrong eyes. This na one of the factors wey dey reduce the adoption of Bitcoin payment in our region.

It is nice but there is always question come out from such acceptance of bitcoin by retail businesses. Now that the transaction fee is high, who is paying the fees, is it the buyer or eh seller and I believed the seller would not pay for such fee because he would always like to collect his complete amount and the buyer might not pay it because the fee is too high. Like yesterday when I wanted to withdraw 0.00082 bitcoin and the charge was very high. And it was almost 8.79 USD as transaction fee so I left it until the fee comes down. To accept bitcoin in small scale business is good but the tx is the matter.

[Igebotz]

Most luxury barber shop and boutiques dey accept Bitcoin payment for this area but den get certain amount, if your bills dey below N10000, you can not pay with BTC but the network congestion messes most of them up, the truth be say de moment you pay using BTC den go see you as one of those Yahoo boys cause our society don dey messed up to de extent once you mention BTC den go look you wrong eyes. This na one of the factors wey dey reduce the adoption of Bitcoin payment in our region.

It is nice but there is always question come out from such acceptance of bitcoin by retail businesses. Now that the transaction fee is high, who is paying the fees, is it the buyer or eh seller and I believed the seller would not pay for such fee because he would always like to collect his complete amount and the buyer might not pay it because the fee is too high. Like yesterday when I wanted to withdraw 0.00082 bitcoin and the charge was very high. And it was almost 8.79 USD as transaction fee so I left it until the fee comes down. To accept bitcoin in small scale business is good but the tx is the matter.

During mempool congestion, all of the local businesses I know stopped accepting Bitcoin, and just a few accepted altcoins because it's ridiculous to pay bills of N50,000 plus fees of N15-20,000. The sole solution for all of these micropayments is the Lightning network, but how many store owners are familiar with it? None

[Agbe]

During mempool congestion, all of the local businesses I know stopped accepting Bitcoin, and just a few accepted altcoins because it's ridiculous to pay bills of N50,000 plus fees of N15-20,000. The sole solution for all of these micropayments is the Lightning network, but how many store owners are familiar with it? None

Jesu #15,000 to  #20,000 hmm. Nawao. Last week someone wanted to transfer bitcoin from Electrum wallet to Binance and he came to me for help to direct him. Omen the transaction fee made me to tell him to leave the transaction for now. He was to collect 0.000874 then the transaction fee was $8.79. then 13% of the money is already gone. Sir Igebotz, when do you really think this transaction issue will be over? I m asking you because your good in some prediction of prices and others.

[Sim_card]

If you enta shop rite or spar and u buy something finish, dem come show you option of payments. And inside that option, top 5 cryptocurrency coin dey dia. Nah how u go feel?

I go happy because e show say bitcoin don dey finally achieve the reason why it was created for Nigeria, because me and you know say na for alternative payment method na e make Satoshi create bitcoin. As for me I no go use my bitcoin for payment of goods, because I buy am to use am as investment wey I go like to benefit from over a long period of time.