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Crypto restriction opens Nigeria to fresh foreign scramble

writen by:Bluecap

6 days ago

The Guardian learnt that the number and intensity of online meetings with young traders on how they can circumvent the Central Bank of Nigeria’s (CBN)’s restriction on banks and other financial institutions from transacting have increased in several folds since last week.

In one of the meetings in which The Guardian participated by proxy last week, Nigerian youths were invited to subscribe to a credit card launched a few months ago. The selling point of the card described as a lifestyle card is that it enables users to convert cryptocurrencies to five different benchmark currencies – dollar, pound, euro, yen and yuan.

A lead presenter at the meeting hosted on Zoom said each of the cards costs $79, and that it enables users to convert leading coins to any of the five currencies and could be used by any MasterCard compatible platform. He said it would be particularly useful to Nigerian youths, as the CBN “excludes the financial system from crypto trading.” The card, it was revealed, is backed with a full academy that takes subscribers through the complexity of digital currency trading and blockchain technology. Users could store as much as $500,000 in the credit card, which is used globally for any transaction.

Good4

6 days ago

Good

Frndship

6 days ago

Ok

Japhet

6 days ago

Ok

Real

6 days ago

Bom

Ash

6 days ago

Oh 

Anisares

6 days ago

Ok

Sylvester8

6 days ago

they should be allowed to do crypto

Ismail11

6 days ago

crypto be good

Lilbreezy

6 days ago

Wow police😂

Shafaw7

6 days ago

distructed

Rashida69

5 days ago

coin

arnoldosei

5 days ago

Good one for

Amina69

5 days ago

love that coin

Eugenenanasarpong

5 days ago

Ok

Salinco

5 days ago

america niger

Daaim69

5 days ago

jamaican

Gomashie20

5 days ago

Great

Kejetiasongs

5 days ago

Good

Iceman35

5 days ago

Hfdx

Deonbrave

5 days ago

Okay

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