₦airaland Forum

My attention has recently been drawn to a popular online bitcoin exchange platform that allow Nigerians to exchange bitcoin with other payment options such as iTunes, Amazon, Walmart, Target, Onevanilla and so on which are do not have any payment hosts or support in the country, customer support or recommended retail store for this payment options and are mostly meant to be payment modes in their host countries. However, Paxful has allowed these payment options to be exchanged across different restricted geographical regions and individuals without proper regulation.



For instance, iTunes gift cards, Walmart, Amazon and so on are being traded mostly by Nigerians on Paxful to buy Bitcoin and these Payment modes do not even have support/hosts in the country. Nigerians are over 60% of users and obviously the largest sellers of these gift cards on PAXFUL from which PAXFUL earns 1-5% from allowing Nigerians trade these Giftcards which passively helps to launder or trade illegally obtained funds. Moreso, most of these Payment hosts do not provide support for its customers that purchase their gift cards through Paxful or in the form of digital currencies and during dispute resolution, PAXFUL do instruct Vendors not to tell their Payment host that such Giftcard was Purchase using their medium e.g Amazon

.

The recent public outrage on social media especially on twitter shows that there are lot of Nigerian victims whose funds have been locked, seized or stolen with many of them yet to find out genuine reasons why their funds are being withheld and have expresses concern of little or no hope of recovering their funds. The Bitcoin escrow Platform is not known to be regulated by any government agencies yet lot of scam stories have been widely reported by sellers and buyers ripping each other and even PAXFUL Website illegally with-holding non-trader funds in their e-wallet for as up to two years without releasing their funds with no substantive reason.



With over 300,000 active users of Paxful website in Nigeria and the Second Largest users, PAXFUL CEO through its post on Medium.com and some other media groups that Nigerians got their gift cards through brokering and illegal means and they do not have a Clear cut solution to fixing such disputes on their platform and yet millions of dollars in these gift cards are being exchanged on their platform while enjoying 1-5% profit on each successful deal instead of restricting them.

 While some website like Localbitcoin completely disable these options, other websites like Remitano, utomarket rarely have cases or issues related to scam on its peer to peer trading platform

What is your view on this? Any opinion from any other user?



https://medium.com/the-paxful-blog/an-apology-to-paxful-customers-the-itunes-dispute-dilemma-90cc5c78a9f6



https://decryptmedia.com/6256/paxful-exchange-know-your-customer-protocols

na to go apply for new passport be that....

ICPC/NAVC CDS group kano State on sensitization/debate competition. The debate "corruption in children" who is to be blamed "the mother or the father" took place between government Girls College dala and Government Girls secondary school Gwammaja.
We the ICPC/NAVC CDs group trying to contribute our own quota to the development of Nigeria.
NAVC - integrity forever
ICPC - corruption must go

ICPC/NAVC CDS group kano State on sensitization/debate competition. The debate "corruption in children" who is to be blamed "the mother or the father" took place between government Girls College dala and Government Girls secondary school Gwammaja.
We the ICPC/NAVC CDs group trying to contribute our own quota to the development of Nigeria.
NAVC - integrity forever
ICPC - corruption must go

Batch B

Batch B..

Members of the Independent Corrupt Practices and Other Related Offences Commission CDS group, Wise Zone 3 have taken the fight against corruption to the grassroots by going on sensitization visits to some selected secondary schools in Abuja. Among the schools visited are, Army Day Secondary School Asokoro, Model Secondary Shool Maitama and also Army Day Secondary School Mambilla Baracks. They donated some educational materials like Exercise Books and White Board markers.
We all must contribute our own quota towards the fight agaimst corruption....

This news made up my day..
Kudos to everyone that intervened and arrested this idiot of a coper

Lol..
I saw something similar to this on Tuesday when I went 4 CDS and I was wondering if I was right or if my eyes were deriving me..

Oga Yuu 2 dey talkk...
all wetin yuu talk na Super Story........

Lol......
How many years yuu don do...
He fit b dier big bro seffff

242









...3 years agooooooo

This Mbu of a guy needs 2 b seriously spanked and talked 2.. Whats he smoking?? AIG my foot.............

A ti kekere......

May Allah choose 4 us such a spouse that posseses and has all dis qualities...............

Funny that I cannot laugh. .lol

T̅ђє̲̣̥ Better By Far University... Unilorin surely deserves 2 b among em!!

Better By Far University..
Good Innovation...

As 4 d course registration go 2 ya dept and c ur level adviser. He wil give u d list of courses u re 2 register then u login and fill ya course form after which u will make payment and printout 5 copies of d course form which U wil give 4 to ur level adviser 2 sign d course form. He returns 1 form 2 u and he keeps d remaining 3.
Yeah i saw dat GNS111 has been rescheduled.
And I wrote ma pst jamb in lagos and I was admitted, it doesnt rily mata where u wrote it.

Imagine dis nairalanders 2 bad not even fighting in secrecy but in public.