THELOGICALINDIAN - After the Central Bank of Nigeria issued a charge targeting the countrys cryptocurrency industry bitcoin and altcoin barter volumes on centralized exchanges anon plunged Nevertheless the new regulations assume to accept succeeded in advocacy crypto barter volumes on breezy markets or on peertopeer trading platforms
Nigerian Crypto Traders Get Creative
Still, the accretion trades on breezy platforms accept additionally led to added letters of users accident money to con artists. Moreover, with the CBN acutely acquisitive to see volumes of crypto trades plummet, Nigerian users had to acquisition able but acknowledged means of accepting about the axial bank’s imposed restrictions.
As apparent in one bounded report, one such acknowledged way is through an app created by one bounded crypto start-up, Patricia. According to the report, this appliance is already enabling Nigerian users to buy or advertise their crypto assets deeply and after active afield of CBN regulations. Therefore, in this report, we relist bristles accepted means Nigerians can use this app to cautiously barter their bitcoins.
Airtime Refill
As explained in the report, users of the Patricia belvedere are still able to use their BTC balances to pay for approved costs like airtime, utilities as able-bodied as internet abstracts packages. The about-face from crypto to authorization is done seamlessly aural the app.
Peer to Peer Exchange
The Patricia belvedere is additionally actuality acclimated to facilitate safe and defended peer-to-peer transactions. According to the report, Patricia’s peer-to-peer belvedere is powered by Vaunt, an all-embracing P2P agenda bill exchange that facilitates faster and easier money transactions.
Receiving Payments
For Nigerian businesses that appetite to accelerate the action of accepting payments from barter abroad, Patricia Business offers this opportunity. As explained in the report, Patricia Business “is a bitcoin acquittal aperture that allows traders, merchants and business owners beyond the country to accept bitcoin payments from their customers.” Once received, the crypto will be seamlessly adapted to naira and transferred into their bounded coffer accounts.
Patricia Debit Card
Nigerians can additionally accurately use their bitcoin to accomplish purchases locally via the Patricia naira debit card. Additionally, Patricia has a bitcoin debit agenda advantage that comes in both concrete and basic forms. This agenda can be acclimated to boutique online or at a bitcoin ATM anywhere in the world.
Gift Card Trading
Patricia users can additionally buy allowance cards with their bitcoin funds on the Patricia app. Converting bitcoins into allowance cards enables users to boutique on above online marketplaces after necessarily actionable CBN regulations.
Do you apperceive of added options that Nigerians can use to barter cryptos? Tell us what you anticipate in the comments area below.
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