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Bitcoin Remittance Business For Nigeria - Business Opportunity - Business - Nairaland

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Bitcoin Remittance Business For Nigeria - Business Opportunity by Bitcoin: 7:23am On Jul 13, 2014
We all know that Western Union, Money gram and other remittance businesses make hundreds of billions of dollars every year in fees just to send money to people all around the world. Bitcoin and other crypto currencies will not replace these known companies anytime soon, but it can challenge them and only needs a small slice of their pie to thrive. With Bitcoin I can send money to anyone anywhere in the world virtually instantaneously for as little as 1cent. For example I can send $100 to someone in lagos for just 1cent and it will arrive in a matter of minutes whereas if I were to send $100 via western union, I could be charged $12 or more plus you might have to wait until the next day or so to receive it.

Western union and others have to make money to pay their staff, plus rent and other bank fees. With bitcoin all you need is a phone, laptop, computer, tablet or any device with internet access to send or receive money. Since this is a business idea, there has to be some profit to be made. Ex, if someone wants to send $100 to Nigeria, we can charge the person $6. When the bitcoin appears into the person's wallet, he or she would've to convert bitcoin to naira that's why we would charge the $6.

I'm looking for folks already familiar about bitcoin and are willing to set up a remittance business based on bitcoin/crypto currency. Venture capitalists, financial advisors, bitcoin enthusiasts, speculators, and entrepreneurs are highly invited in this business opportunity. Kindly post any suggestions, ideas or requests here. If you are not familiar with bitcoin you can start here www.weusecoins.com I can also be reached via email
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by tonjeola(m): 11:31am On Jul 13, 2014
I ve the account, how can i make money into it?
a friend of mine from Canada sent me $600 last year and said, he has been making huge cash through bitcoin. after sending me the cash, he has been offline, if not he would had thought me how he has been making it through BITCOIN.
so tell me how to make cash with bitcoin. thanks

1 Like

Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Johnnyhoo(m): 3:00pm On Jul 13, 2014
Bitcoin. A mod deleted your "I'm coming to Nigeria in two weeks" So are you now in Nigeria?
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by adebasket97: 3:28pm On Jul 13, 2014
Bro am sorry to say, but seems I don't understand you yet..I work with btc and ltc daily - for receiving payments, and I made some sh*t cash when btc rose to $1000 for 1btc, had 20btc then. Pls expanciate more on this.
Thanks
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Bitcoin: 3:56pm On Jul 13, 2014
Johnnyhoo: Bitcoin. A mod deleted your "I'm coming to Nigeria in two weeks" So are you now in Nigeria?
Yes Johnnyhoo, the thread was deleted because they called it ''advertising". No, i'm not yet in Nigeria, will be in a few days
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Bitcoin: 4:10pm On Jul 13, 2014
adebasket97: Bro am sorry to say, but seems I don't understand you yet..I work with btc and ltc daily - for receiving payments, and I made some sh*t cash when btc rose to $1000 for 1btc, had 20btc then. Pls expanciate more on this.
Thanks

Basically we will assist folks set up their own bitcoin wallets so that when they receive bitcoins in their wallets we can exchange it to cash for them. If someone sends 0.158 BTC or 158mBTC which in today's exchange rate is $100, we would charge a $6 fee to convert it to naira. This is still an infantile idea, so if you have any better suggestions pls make it known here. Also,how do you work with bitcoin to receive payments?
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by adebasket97: 5:01pm On Jul 13, 2014
Bitcoin:

Basically we will assist folks set up their own bitcoin wallets so that when they receive bitcoins in their wallets we can exchange it to cash for them. If someone has sends 0.158 BTC or 158mBTC which in today's exchange rate is $100, we would charge a $6 fee to convert it to naira. This is still an infantile idea, so if you have any better suggestions pls make it known here. Also,how do you work with bitcoin to receive payments?

Basically, you will buy the bitcoin from them and send cash to their account. Charging them $6 per $100 transaction

@bolded, I think everyone knows how to open a bitcoin account. Nothing Special

And I don't work with bitcoin, I meant I work online and receive payments via bitcoin and sometimes litecoins.

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Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Bitcoin: 5:07pm On Jul 13, 2014
adebasket97:

And I don't work with bitcoin, I meant I work online and receive payments via bitcoin and sometimes litecoins.

Ok what you are doing is different from what I have in mind. You are getting paid for a service you rendered only that its in bitcoin and litecoins.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by adebasket97: 5:08pm On Jul 13, 2014
Bitcoin:

Ok what you are doing is different from what I have in mind. You are getting paid to a service you rendered only that its in bitcoin and litecoins.

Exactly. That was why I said you should give a better explanation.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Bitcoin: 5:17pm On Jul 13, 2014
We will open up our own remittance business, lets say we call it Bitcoin Union. Basically we will serve as a bitcoin to naira exchange, you send us your bitcoins and we will give you naira. Almost like a localbitcoin or sorts only cheaper. We will now expand to other African countries with the same concept. It doesn't cost anything to send bitcoin online, but currently no bank will convert your bitcoins to naira, so we would be taking the risk for this conversion. I'm thinking about using 3rd party payment processors like Bitpay or coinbase, to help instantaneously convert the bitcoins we've collect directly to dollars so we aren't caught in another bitcoin price plunge.

At the end of the day we have to figure out how to make money out of this while also saving clients a significant amount of money.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Okattamgbee: 5:57pm On Jul 13, 2014
adebasket97:

Exactly. That was why I said you should give a better explanation.
Sent you a NairaLand PM.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Johnnyhoo(m): 2:54pm On Jul 14, 2014
Bitcoin:
Yes Johnnyhoo, the thread was deleted because they called it ''advertising". No, i'm not yet in Nigeria, will be in a few days

Ok bro. Can u get me a sony xperia C or nokia N8? Probably used one.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Bitcoin: 6:53pm On Jul 14, 2014
Lol too late now... I'm coming soon... By d time its delivered k won't be here, sorry
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by jidowu84: 10:33pm On Jul 14, 2014
Bitcoin: Lol too late now... I'm coming soon... By d time its delivered k won't be here, sorry
Am interest in this biz. How can I come in?
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Cpolicy(m): 4:12pm On Jul 16, 2014
How do you intend doin it trading bitcoins is very risky especially when you dont know the reciever and you might not see your money
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Cpolicy(m): 4:19pm On Jul 16, 2014
tonjeola: I ve the account, how can i make money into it?
a friend of mine from Canada sent me $600 last year and said, he has been making huge cash through bitcoin. after sending me the cash, he has been offline, if not he would had thought me how he has been making it through BITCOIN.
so tell me how to make cash with bitcoin. thanks
your brother probably told you that me make a lot of money because bitcoin was cheap as 13$ at that time maybe late 2012 or early 2013 and later rose to 1200$@ december 2013
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Nobody: 7:24pm On Jul 16, 2014
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by ebby01: 7:38pm On Jul 24, 2014
Wow great to see people in nigeria catching the cryptocurrency (bitcoin) fire. Bitcoin has been around for a while precisely 2008 but came to the mainstream when LR was shut down by the US government on account of money laundry. The quantum leap in it value against the US dollar and all other world currency in 2013 gave bitcoin the world attention.
And ever since then I have been doing my research on bitcoin. How to get it, where to spend it, how to exchange it for local currency and how to cash in from this wild fire.
Believe me this is a MONEY REVOLUTION and the faster and earlier you get on board the better. Millionaires have been made and their is still many more to be made from this UNSTOPPABLE REVOLUTION.
If you are still in doubt check the payment option for Sir Richard Branson VirginArtlantic Galactic flight.
If you are interested in cashing in on this BITCOIN ECONOMY. You can add me on Whatsapp at 08163068747 (whatsapp only). I can show you info on how to cash in on bitcoin,
How you can make money weekly from mining Bitcoin, how to make money from bitcoin exchange, how you can convert your bitcoin to NAIRA here in Nigeria.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Trut(m): 11:34pm On Jul 24, 2014
To open a Bitcoin wallet, go to
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by samsixty: 6:06pm On Oct 10, 2014
If you want to invest in bitcoin mining without the hassle of managing your own hardware, there is an alternative. You can use the cloud to earn your coins.

Put very simply, cloud mining means using (generally) shared processing power run from remote data centres. One only needs a home computer for communications, optional local bitcoin wallets and so on.

check out my review here and get free $10 worth of bitcoin at the end of the post
http://moderntechtutors.blogspot.com/2014/10/bitcoin-cloud-mining-and-review.html

subscribe to our mailing list to get more new and free offers on bitcoins first hand on the blog

1 Like

Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by samsixty: 6:08pm On Oct 10, 2014
I advice any bitcoin enthusiast in Nigeria, don't buy from any Nigerian online if u like your money wait for some time for more credible places
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by gowaga68: 8:55pm On Oct 02, 2015
How far have this ventures gone?
I've always had the dream on going into Bitcoin some years ago even had a wallet but couldn't fund nor mine so had no option than to quite.
Hoping to hear how far you've gone.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Bitcoin: 9:27am On Dec 31, 2015
gowaga68:
How far have this ventures gone?
I've always had the dream on going into Bitcoin some years ago even had a wallet but couldn't fund nor mine so had no option than to quite.
Hoping to hear how far you've gone.

We are still in the legal phase of this venture. We shall be going live early 2016 and we stand to benefit immensely from the recent restrictions placed by the CBN in regards to withdrawing dollars or making POS purchases via foreign eCommerce sites. Our platform will also make it easier and cheaper for those remitting money to and from Nigeria for business, school fees, medical payments and other transactions.

The beauty of bitcoin is the very fact that it operates irregardless of what the world's central banks choose to do. Central banks dictate how you can spend your money, they mismanage the economy which results in unprecedented inflation rates. Imagine you have N100,000 in the bank but that money is worth 50% less now due to a 100% inflation rate. In other words, that money doesn't have the buying power it did early 2014. So many economies around the world have been hit with very high inflation rates particularly countries dependent on Oil, ex Nigeria, Russia, Venezuela, Iraq and Saudi Arabia.

With our Bitcoin Remittance Gateway, we can circumvent these silly restrictions for literally 50% less fees than the usual Western Union, Money Gram, Wire Transfers and PayPal fees. I never gave up on my vision, the interests has been so high lately and we stand to sail these waves.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by gowaga68: 8:32pm On Dec 31, 2015
Bitcoin:


We are still in the legal phase of this venture. We shall be going live early 2016 and we stand to benefit immensely from the recent restrictions placed by the CBN in regards to withdrawing dollars or making POS purchases via foreign eCommerce sites. Our platform will also make it easier and cheaper for those remitting money to and from Nigeria for business, school fees, medical payments and other transactions.

The beauty of bitcoin is the very fact that it operates irregardless of what the world's central banks choose to do. Central banks dictate how you can spend your money, they mismanage the economy which results in unprecedented inflation rates. Imagine you have N100,000 in the bank but that money is worth 50% less now due to a 100% inflation rate. In other words, that money doesn't have the buying power it did early 2014. So many economies around the world have been hit with very high inflation rates particularly countries dependent on Oil, ex Nigeria, Russia, Venezuela, Iraq and Saudi Arabia.

With our Bitcoin Remittance Gateway, we can circumvent these silly restrictions for literally 50% less fees than the usual Western Union, Money Gram, Wire Transfers and PayPal fees. I never gave up on my vision, the interests has been so high lately and we stand to sail these waves.
We've got to talk more on this.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by dalemat: 10:06pm On Dec 31, 2015
Bitcoin:


We are still in the legal phase of this venture. We shall be going live early 2016 and we stand to benefit immensely from the recent restrictions placed by the CBN in regards to withdrawing dollars or making POS purchases via foreign eCommerce sites. Our platform will also make it easier and cheaper for those remitting money to and from Nigeria for business, school fees, medical payments and other transactions.

The beauty of bitcoin is the very fact that it operates irregardless of what the world's central banks choose to do. Central banks dictate how you can spend your money, they mismanage the economy which results in unprecedented inflation rates. Imagine you have N100,000 in the bank but that money is worth 50% less now due to a 100% inflation rate. In other words, that money doesn't have the buying power it did early 2014. So many economies around the world have been hit with very high inflation rates particularly countries dependent on Oil, ex Nigeria, Russia, Venezuela, Iraq and Saudi Arabia.

With our Bitcoin Remittance Gateway, we can circumvent these silly restrictions for literally 50% less fees than the usual Western Union, Money Gram, Wire Transfers and PayPal fees. I never gave up on my vision, the interests has been so high lately and we stand to sail these waves.

I want in to. What are the modalities involved to join your concept
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Pesuzok(m): 11:27pm On Jan 03, 2016
Bitcoin:


We are still in the legal phase of this venture. We shall be going live early 2016 and we stand to benefit immensely from the recent restrictions placed by the CBN in regards to withdrawing dollars or making POS purchases via foreign eCommerce sites. Our platform will also make it easier and cheaper for those remitting money to and from Nigeria for business, school fees, medical payments and other transactions.

The beauty of bitcoin is the very fact that it operates irregardless of what the world's central banks choose to do. Central banks dictate how you can spend your money, they mismanage the economy which results in unprecedented inflation rates. Imagine you have N100,000 in the bank but that money is worth 50% less now due to a 100% inflation rate. In other words, that money doesn't have the buying power it did early 2014. So many economies around the world have been hit with very high inflation rates particularly countries dependent on Oil, ex Nigeria, Russia, Venezuela, Iraq and Saudi Arabia.

With our Bitcoin Remittance Gateway, we can circumvent these silly restrictions for literally 50% less fees than the usual Western Union, Money Gram, Wire Transfers and PayPal fees. I never gave up on my vision, the interests has been so high lately and we stand to sail these waves.

How can we talk?
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Rooneyboy(m): 12:53am On Jan 04, 2016
Bitcoin:


We are still in the legal phase of this venture. We shall be going live early 2016 and we stand to benefit immensely from the recent restrictions placed by the CBN in regards to withdrawing dollars or making POS purchases via foreign eCommerce sites. Our platform will also make it easier and cheaper for those remitting money to and from Nigeria for business, school fees, medical payments and other transactions.

The beauty of bitcoin is the very fact that it operates irregardless of what the world's central banks choose to do. Central banks dictate how you can spend your money, they mismanage the economy which results in unprecedented inflation rates. Imagine you have N100,000 in the bank but that money is worth 50% less now due to a 100% inflation rate. In other words, that money doesn't have the buying power it did early 2014. So many economies around the world have been hit with very high inflation rates particularly countries dependent on Oil, ex Nigeria, Russia, Venezuela, Iraq and Saudi Arabia.

With our Bitcoin Remittance Gateway, we can circumvent these silly restrictions for literally 50% less fees than the usual Western Union, Money Gram, Wire Transfers and PayPal fees. I never gave up on my vision, the interests has been so high lately and we stand to sail these waves.

Hi , good day , have you visited Nigeria yet , where's your location ? Now is the time to make it BIG time in e-currency business in Nigeria.

Of what benefit is bitcoin to Nigerian importers ?

Most of my friends that are into importation from China are practically stranded and their business almost grounded cos of the stiff govt policies on currency trading.

I'm game to work with u (open an office in Nigeria) if the need arises .
I really need to help this importers come out of their troubles thereby making some profits in the process.

Ur reply is greatly needed.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Nobody: 2:40pm On Jan 04, 2016
Bitcoin:


We are still in the legal phase of this venture. We shall be going live early 2016 and we stand to benefit immensely from the recent restrictions placed by the CBN in regards to withdrawing dollars or making POS purchases via foreign eCommerce sites. Our platform will also make it easier and cheaper for those remitting money to and from Nigeria for business, school fees, medical payments and other transactions.

The beauty of bitcoin is the very fact that it operates irregardless of what the world's central banks choose to do. Central banks dictate how you can spend your money, they mismanage the economy which results in unprecedented inflation rates. Imagine you have N100,000 in the bank but that money is worth 50% less now due to a 100% inflation rate. In other words, that money doesn't have the buying power it did early 2014. So many economies around the world have been hit with very high inflation rates particularly countries dependent on Oil, ex Nigeria, Russia, Venezuela, Iraq and Saudi Arabia.

With our Bitcoin Remittance Gateway, we can circumvent these silly restrictions for literally 50% less fees than the usual Western Union, Money Gram, Wire Transfers and PayPal fees. I never gave up on my vision, the interests has been so high lately and we stand to sail these waves.
Kudos to you for your business endavours. I have been using and trading bitcoin from 2013. so if you need a biz partner on your legally remmittance biz you can count me in. Goodluck!
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by dino2006(m): 5:07pm On Jan 05, 2016
I want in on this too boss. iamjaido@gmail.com. 08097064830 whatsapp.
Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by Nobody: 8:42pm On Jan 05, 2016
I have got many clients let's say importers who are highly in need of bitcoins right now,I have three credible wallets which I can use to trade,I'm even trying as much as I can to earn bitcoins through mining and other online satoshi. I see these as a greatest opportunity but I think one has to get some lil capital to facilitate and enhance on this platform. @Bitcoin,Weldon you gat a good vision and I want to encourage you. I will like to work with you if know where you think I can fit-in.

1 Like

Re: Bitcoin Remittance Business For Nigeria - Business Opportunity by adraskey: 2:02pm On Jan 06, 2016
I so much love your vision sir, I have made so much research about bitcoin, it is the next way forward as I would love to join your team in any way possible. I sent you a mail, please reply.

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