I decided to make this post to enlighten those who thought that cryptocurrency is only used by Criminals. Also, I still maintain my stand that CBN prohibiting Nigeria banks from doing transactions for crypto trader is an error, the beginning of CASH transaction and a recipe for hoarders to start hoarding Naira and foreign currency. Cardoso has made many policies that are good but this is a total error that needs to be revisited.

Companies that accept Bitcoin
From sources across the web

Microsoft

Overstock

Twitch

Newegg

PayPal

Starbucks

AMC

CheapAir

Gyft

Shopify

Burger King

Home Depot

Wikipedia

Dallas Mavericks

ExpressVPN

Namecheap

KFC

Tesla

Virgin Galactic

Whole Foods

Bitrefill

Etsy

Subway
Travala

Many more companies accept cryptocurrency but these are the biggest. CBN decision will weaken Naira, weak cashless policy, enable hoarding and affect profit of banks who serves as middleman for crypto traders. Believing that only criminals use crypto in Nigeria is an archaic, false, uninformed and ignorant thinking.

Its the impact on the economy that is most important. Let us see if it will be positive in the next 1 year but nothing good seems to be working so far in Nigeria.

Banning crypto was the only thing that Emefiele got right,then Cardoso made a big mistake by unbanning it. It is used to damage the Nigerian economy.