Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,270 members, 7,815,453 topics. Date: Thursday, 02 May 2024 at 12:41 PM

Chibuzormichael's Posts

Nairaland Forum / Chibuzormichael's Profile / Chibuzormichael's Posts

(1) (2) (of 2 pages)

Religion / Rhapsody Of Realities Daily Devotional November 22 2022 by chibuzormichael(m): 9:34am On Nov 22, 2022
The theme for Rhapsody Of Realities Daily Devotional November 22 2022 is ”HE’S THE FIRST AND THE LAST”

SCRIPTURE:I am Alpha and Omega, the beginning and the ending, saith the Lord, which is, and which was, and which is to come, the Almighty (Revelation 1:cool.

As you study Jesus in the Scriptures, you come to an unequivocal conclusion: He is Himself God! He’s the First and the Last, the beginning and the ending. He’s the One described by Daniel as the Ancient of days.

John the Apostle, while exiled on the Island of Patmos, received revelations from the Lord. He said, “I was in the Spirit on the Lord’s day, and heard behind me a great voice, as of a trumpet, Saying, I am Alpha and Omega, the first and the last…” (Revelation 1:10-11). That’s Jesus!

The Lord also said to him, “…Fear not; I am the first and the last: I am he that liveth, and was dead; and, behold, I am alive for evermore, Amen…” (Revelation 1:17-18). The only one who fits this description is Jesus. He’s the One that ...Rhapsody Of Realities Daily Devotional November 22 2022

Religion / Jerry Savelle Daily Devotional November 19 2022 by chibuzormichael(m): 8:23am On Nov 19, 2022
The theme for today’s Jerry Savelle daily devotional November 19 2022 is ”EXPECT SUCCESS”


But to him who does not work but believes on Him who justifies the ungodly, his faith is accounted for righteousness (Romans 4:5 NKJV).

Only when you see yourself the way God sees you, can you begin to expect success.

As long as you are depending on your own merits and your own works, you will always experience an element of self-doubt. This doubt will cause you to question whether or not God is going to show His favor in life.

Who you are and what you have done has nothing to do with favor and success. This is good news because without Jesus you are nothing.

God’s favor and honor cannot be earned; they can only be given to you by God. Jesus is the one who earned them for you, but it is your responsibility to walk in God’s favor and success by faith so that they will become reality in your lie.


When you are in Christ, God sees you as righteous, above reproach, and ... Jerry Savelle Daily Devotional November 19 2022

Religion / Joseph Prince Daily Devotional November 12 2022. by chibuzormichael(m): 10:50am On Nov 12, 2022
The theme for today’s Joseph Prince daily devotional November 12 2022 is ”Your Hundredfold Harvest Is Coming”.


SCRIPTURE:“But these are the ones sown on good ground, those who hear the word, accept it, and bear fruit: some thirtyfold, some sixty, and some a hundred.” -Mark 4:20.

When you get discouraged that you have been partaking of the holy Communion but your healing is taking longer than you hope for, the enemy can start to play mind games with you. Maybe you are starting to entertain thoughts that the Communion is just an empty ritual. May I tell you there is spiritual warfare going on to get you to give up on the very channel God has ordained to bring supernatural life and health into your body?

As I mentioned previously, miracles of instantaneous healing can take place. But our Lord Jesus tells us in today’s scripture what to expect when we are trusting Him for a breakthrough that does not manifest instantly. Notice what He says about how the seeds of the Word of God bear fruit when they fall on good ground. Luke’s gospel also records: “But as for that seed in ... Joseph Prince Daily Devotional November 12 2022

Religion / Rhapsody Of Realities Daily Devotional November 3 2022 by chibuzormichael(m): 6:52am On Nov 03, 2022
The theme for Rhapsody Of Realities Daily Devotional November 3 2022 is ”PRIDE YOURSELF IN HIS ABILITY”.

SCRIPTURE: I am the vine, ye are the branches: He that abideth in me, and I in him, the same bringeth forth much fruit: for without me ye can do nothing (John 15:5).

The Lord said, “…without me ye can do nothing.” By your own human ability, ingenuity, wisdom, skills and competence, you can’t achieve anything. Therefore, never pride yourself in your seeming human abilities. Trust in the Lord.

Your success is wholly dependent on your connection to the Lord. Your competence is of Him (Read 2 Corinthians 3:5 AMPC). No wonder Paul made his boast in the Lord, saying,...Rhapsody Of Realities Daily Devotional November 3 2022

Religion / Kenneth Copeland Daily Devotional November 3 2022 : An Experienced Champion by chibuzormichael(m): 6:23am On Nov 03, 2022
Read Kenneth Copeland Daily Devotional November 3 2022.

But they that wait upon the Lord shall renew their strength; they shall mount up with wings as eagles; they shall run, and not be weary; and they shall walk, and not faint.

Isaiah 40:31

Did you know that the force of faith has the power to rejuvenate your physical body? It’s true. You can see that in the life of Sarah. Most people don’t understand the full extent of what God did in her life. All they know is that He enabled her to have a child in her old age.

But if you’ll look closer, you’ll see that there was more to it than that. When Sarah laid hold of the promise of God by faith, it began to restore her physically to such an extent that when King Abimelech saw her, he wanted her for his wife.

Think about that! At 90 years old, she was so beautiful that a king wanted her in his harem. What’s more, after she gave birth to Isaac, the Bible says she nursed him till he was weaned. Then she kept right on living until that boy was raised!

Now, I’m not telling you you can have a baby at 90 like Sarah did. She had a specific promise from God about that. But I am telling you that if...Kenneth Copeland Daily Devotional November 3 2022

Religion / Kenneth Copeland Daily Devotional November 1 2022 by chibuzormichael(m): 11:52am On Nov 01, 2022
THEME: The Power of Love

SCRIPTURE: But faith…worketh by love. “Galatians 5:6″

I used to wonder why we believers didn’t see more of the power of God operating among us than we do. With what we know about faith and the Word, it seemed to me signs and wonders and miracles should be happening all the time.

So, one day I asked, “Lord, why isn’t the power of God turned up to a higher volume in the Church?”

Do you know what He said? He told me we weren’t walking in enough love yet.

God wants us to have power. But first, He has to be sure we’ll use that power in love. He wants to know that we won’t take it and mix it with judgment and criticism and...Kenneth Copeland Daily Devotional November 1 2022

Sports / Sure Winning Bet9ja Free Booking Code For Today 2 January 2021 by chibuzormichael(m): 9:35am On Jan 02, 2021
Bet9ja Free Booking Code For Today 2 January 2021 -In addition to our earlier sure bet9ja free booking code, here comes our second and most sure bet9ja free booking code/prediction code.

Note that this sure bet9ja free booking code with the predictions herein contained are the first hand product of skyprediction's careful football analysis.

Take advantage of this our sure bet9ja free booking code and keep winning big. Endeavor to share our posts and drop your comments.

Bet9ja Sure Prediction for today 31 December 2020 - LXKGMM

Source: Bet9ja booking code

Sports / Nairabet Booking Code: 25 Odds Free Booking Code-skyprediction by chibuzormichael(m): 9:01am On May 14, 2020
NAIRABET BOOKING CODE : 14TH MAY 2020


Once again, Skyprediction is back with our usual daily free booking code for our viewers. Our research revealed to us that some football  Leagues are gradually coming back for matches. We have taken our time to carefully analyse and drop this Nairabet free 25 odds booking code after our careful prediction.

Enjoy and do not forget to share our posts and website with others.

NAIRABET BOOKING CODE: 232684958
For more Booking code and sure prediction, https://skyprediction.com/ to visit Sky prediction

Sports / How I Won Bet For 6 Months Without Loosing For Even Once by chibuzormichael(m): 7:28am On May 13, 2020
I played bet and Won everyday for complete 6 months without losing for one single day. See What i Did
Sports betting has become a very lucrative business for all sports bettors and agents. This has resulted to a tremendous increase in the number of Bookmakers worldwide ranging from bet9ja, nairabet, Hollywoodbets, Merrybets, betkings, Betfarm etc.

Betting has been legalized in many countries because of how betting has helped the economy of many countries and also how bet has thrived in countries. It should also be noted that betting has drastically reduced crime all over the worl. In our next article, we shall be discussing on ways betting has curbed crime in the world.

Many youths do the betting mistakes of registering betting account with betting companies, funding betting accounts and playing bets without first of all learning and understanding the the fundamental sports betting tips. To win bet, you must try the best you can to understand how to play bet, how to win bet, How to avoid losing money in bet, When to bet and when not to bet, which league to bet , the best betting options to chose and how to decide how much to stake in bets.

Many bettors also so much believe in sports prediction websites and continue to risk their money believing on the prediction made by another person. However it should be noted that owners of prediction sites are human beings like you. They only analyse a bet and predict what they feel will be the result of the match. Most times it enters, most times it does not. It is highly advised that anytime you are making use of any sports prediction website, you should avoid taking everything hook, line and sinker. Always do your own analysis, compare and contrast before staking bet.

We have taken it upon ourselves here in Skyprediction.com to always on daily basis provide our users with well analysed booking code on daily basis. We also offer vip offer where a a customer will subscribe with a token and be getting 3 odds booking code everyday. All these are put in place to ensure that our customers and viewers continue to win bets.

In these article, i shall be sharing my guide on how i played and won bet everyday for complete 6 months without loosing for a single day.

HOW I WON BET EVERYDAY FOR STRAIGHT 6 MONTHS WITHOUT LOSING FOR EVEN ONCE

I started betting Since 2013, and since that year I have been staking money in bet and never won. I made use of a lot of sports prediction sites but to no avail. i tried all the betting option and also played with different bookmakers yet no positive result. On the 20th day of September 2019,i sat down and drew a plan on how to go about this betting. I tried to find out why i have not been winning bet and then try to map out a better strategy on how to win bet.

While analysing my betting mistakes, i realized the following things have been the cause of my continuous loss in bet.

Not being familiar with the necessary betting tips.
Following football predictions given by the sports prediction sites sheepishly without making my own analysis and then comparing.
accumulation so many games on the same betting ticket
Trying to stake small amount and aiming to win millions or hundreds of thousands.
playing with different betting companies /Bookmakers
Accumulating different matches from different leagues on the same betting slips
playing random betting options on the same betting slips.
Betting with desperation, trying to recover what i have lost.
playing bet when in desperate need of money, leading to emotional gambling
Not knowing when to bet and when not to bet.
Now having discovered these betting mistakes i have been making, i asked myself, How can i correct these betting errors, how can i win bet etc. Then i strategically developed a sports betting pattern which has been working for me and which made win bet9ja for straight 6 months without losing for a single day. Now these where the betting tips and betting strategy i cultivated and adhered to :

I decided to first and foremost take out time to read and get familiar with the necessary betting tips for winning bets. To See our article on the 25 best betting tips, click.
After getting myself acquainted with these football betting tips, i then decided to conclude on the particular betting company/ Bookmaker to always bet with and finally decided to make use of Bet9ja for sopme reasons. To see our articles on different bookmakers and their unique qualities, click
I then decided to choose the football prediction sites to use in my football prediction and the particular football leagues to always bet on.
I also decided on the amount to stake everyday and how many betting odds to accumulate in my betting slip.
Then in summary i decided that i will accumulate 3 sure odds every day and stake 1000 naira. When i started working on this, my plan was to do it for one week. But i was surprised that for one month, i never lost for once. i continued , for two months, three months and for complete 6 months, i never lost for a single day. I shared this strategy with my best friend who also gave it a trial and it worked for him for quite a long time . When i realized that this pattern works so well, i then decided to open this Sports prediction site (Skyprediction.com) to always analyse and share free booking codes and also create opportunity for customers that would want to join my daily three sure odds for just a token.
Winning bet is not easy but it is also very easy. one thing is very necessary and that is to learn and adhere to the betting tips, bet with wisdom and bet at the right time. Do not bet because others are betting, Do not bet because you are in desperate need of money, etc.

WHAT ARE THE BEST FOOTBALL LEAGUES TO BET ON?

Most times one of the difficult decisions to make is the particular football league to bet on, whether Champions league, Europa league, Championship, English premiership, German Bundesliga, etc. It should be noted that there is no particular league better than the other. The most important thing is to concentrate on a particular league or few laegues, follow them , analyse them, understand the league and then bet on them often. Avoid betting on the leagues you do not know much about .

WHAT ARE THE BEST BETTING OPTION TO USE?

Every bookmaker provides a lot of betting options for every game with different odds, like straight win, double chance, Both Teams to score, Over and under a particular number of goals, win either half, score in both halves, win both halves, etc. To see our articles on the meaning and when to use any betting option, click

It should be noted by all bettors that no particular option is better than than the other. The best option can only be deduced after a careful analysis of the teams and leagues involved. There are teams that score more goals, there are teams where home team always win, there are that always score each other. So the best option is dependent on careful analysis of the match, team and league.

Take advantage of our everyday free booking code. Also if you want to subscribe to the VIP 3 odds package, feel free to contact us.

Below are our available Vip packages:

WEEKLY PACKAGE(3 ODDS EVERYDAY FOR 7 DAYS)- 2500

TWO WEEKS PACKAGE(3 ODDS EVERYDAY FOR 14 DAYS)- 3500

MONTHLY PACKAGE(3 ODDS DAILY FOR 30 DAYS) – 6000

Any one you subscribe, we will make sure you benefit immensely. We will be sending you your 3 sure odds everyday to your phone, any betting company you are playing with, bet9ja, Nairabet, bet365, betfarm, betking, Nollywood bets etc.

To more details, Click https://skyprediction.com/2020/05/13/how-i-won-bet-everyday-for-6-months-without-losing-for-a-single-day/
Celebrities / 20 Top South African Celebrities You Do Not Know by chibuzormichael(m): 1:01pm On Apr 13, 2020
Top South African Celebrities

South African as a country is a southernmost country in Africa. It is known as the Republic Of South Africa, with Pretoria, Bloemfontein, Cape Town as the capital.

it is a country with Approximately 55 million people of diverse origins, cultures, languages, and religions according to 2016 population census.

South African is a country with countless celebrities, both in music, movie and other industries.

There are top 20 celebrities who have featured in different world recognized movies and entertainments that I bet you do not know are south Africans.

Below is the list of the South African top 20 Celebrities you do not know are actually South Africans.
1. ARNOLD VOSLOO
2. DEAN GEYER
3. ORLANDO BLOOM
4. STEVE NASH
5. NANA MERIWETHER

View complete list here at :https://southafricangist.com/2020/02/13/20-top-south-african-celebrities-you-do-not-know/

Literature / Ten Easy Steps To Woo A South African Woman You Do Not Know by chibuzormichael(m): 11:01am On Apr 13, 2020
Ten Easy Steps To Woo A South African Woman You Do Not Know

South African women obviously are the most beautiful, sexy, caring and industrious women in Africa(After Nigeria…Lol). It is also amazing how Nigerian men so much love South African Women same way South Africa men love Nigerian Women.

To woo a South African women seem to require few easy steps which most people do not know. Most South African women are soft hearted, romantic and very emotional and loving.
How To Woo South African Women
To woo a real South African Woman, the man simply needs to follow this simple steps and observe the following rules:

1. Approach: First approach matters a lot in wooing a South African woman. This is because most of the SA women attach so much importance to the man’s manner of approach and first impression counts a lot in the mind of South African women. To approach a South African women and win her attention for the first time, you must make your first approach a romantic and gentle one. This is because most of them hate rascals and touts . Try to show the woman that you are a responsible type and not just a rascal coming for mere fun except is the said South African African woman is a mere street lady.
2. Be friendly and very jovial while talking with her: In wooing a South African woman, it is fundamental that you learn to be very friendly and jovial. If possible, learn to crack more jokes. This is because most of the responsible South African women just enjoy being happy, laughing and gisting. The more you make a South African woman to laugh and be very happy while with you, the more she becomes fond of you.

[b]View complete a[/b]t: https://southafricangist.com/2020/04/07/ten-easy-steps-to-woo-a-south-african-woman-you-do-not-know/

Celebrities / 20 Most Beautiful Women In South Africa by chibuzormichael(m): 10:02am On Apr 13, 2020
20 Most Beautiful Women In South Africa
South Africa is made of up the African most beautiful and sexy women. some of these women are celebrities while surprisingly some of them are just people living and working on their own.

When you see a South African women, the first thing you will notice from them is their caring nature, their beauty and their fantastic figures. You don’t need to search to find a pretty woman in South African because they are everywhere.

As a man, if you do not have Self control in South Africa, you will kill yourself on top of women. South African women are not just facially beautiful alone, their shape, their figure, their hips, their boobs and other endowments can drive a man crazy. This is why men in south Africa find it extremely hard to be faithful, because today you are with this woman whom you think has it all, the next day you will see another having it double.

In fact South Africa is a home of fun. In the world at large, South African is among the first ten countries with the most beautiful, sexy, naughty and craziest women. South African women are just something else when it comes to ….

20 Most Beautiful Women In South Africa
South Africa is made of up the African most beautiful and sexy women. some of these women are celebrities while surprisingly some of them are just people living and working on their own.

When you see a South African women, the first thing you will notice from them is their caring nature, their beauty and their fantastic figures. You don’t need to search to find a pretty woman in South African because they are everywhere.

As a man, if you do not have Self control in South Africa, you will kill yourself on top of women. South African women are not just facially beautiful alone, their shape, their figure, their hips, their boobs and other endowments can drive a man crazy. This is why men in south Africa find it extremely hard to be faithful, because today you are with this woman whom you think has it all, the next day you will see another having it double.

In fact South Africa is a home of fun. In the world at large, South African is among the first ten countries with the most beautiful, sexy, naughty and craziest women. South African women are just something else when it comes to ….

THANDO THABETHE
MINNIE DLAMINI
NATALIA BRIDGETTE BECKER
JOLENE MARTIN MORGAN


View complete list with their pics at: https://southafricangist.com/2020/03/05/20-most-beautiful-women-in-south-africa/

Music/Radio / ZIDDO & Bun Xapa – Voices In The Wind (original Mix) by chibuzormichael(m): 9:39am On Apr 13, 2020
DOWNLOAD ZIDDO & Bun Xapa Voices In The Wind (Original Mix) Mp3.

We have a new Afro House track from Diptorrid Recordings act ZIDDO & Bun Xapa as they team up on this track titled Voices In The Wind (Original Mix). Where are all the South African Afro House Music lovers? this great mix by Ziddo is for you.

Download this music from: https://southafricangist.com/2020/04/13/ziddo-bun-xapa-voices-in-the-wind-original-mix/
Nairaland / General / Tension In The Cryptocurrency World As 3 Cryptocurrency Firms Make Moves Towards by chibuzormichael(m): 8:33pm On Dec 17, 2019
Tension in The Cryptocurrency world as 3 Cryptocurrency Firms make moves towards Shutting Down Over New Anti-Money Laundering Regulations
Three cryptocurrency firms have affirmed that they will be shutting down over the introduction of the AMLD5 European Union regulation that’s taking effect from January 10th, 2020.
The first of the firms to announce that it will be shutting down was Bottle Pay, which provided its users a service to send cryptocurrency via social media accounts. The firm moves to shut down after “seeing huge growth in user numbers over the last few months” and raising $2 million in a seed funding round.

BottlePay on the reason behind their shutting down, stated '' it was because the new regulations would “alter the current user experience radically, and so negatively” that to maintain their “integrity as service providers” and to protect its users, it decided to shut down.

TheBlock has reported that a cryptocurrency mining pool and a bitcoin gaming platform, are shutting down over the same regulations. The mining pool, Simplecoin, published a notice on its website revealing it will shut down not to implement know-your-customer (KYC) and anti-money laundering (AML) checks on its service, to protect users’ privacy.

According to the platform, “When the laws come into effect, we would be forced to require you, the users, to identify yourselves for anti money-laundering purposes. We have been searching for solutions for a while, but it has become apparent that there is no way around it. Mining should to be available to anyone and we refuse to jeopardise our users’ privacy.”Christian Grieger, Simplecoin’s co-founder revealed that the firm has 42,000 users and two employees and that users have until December 20th to withdraw their funds and until December 31st to delete their account information.

In addition to the above, gaming platform, Chopcoin, also co-founded by Grieger, is shutting down over the same regulation.
https://cryptogavel.com/2019/12/17/tension-in-the-cryptocurrency-world-as-3-cryptocurrency-firms-make-moves-towards-shutting-down-over-new-anti-money-laundering-regulations/ cryptogavel
Source: cryptogavel

Nairaland / General / Tata Invents Blockchain Development Kit To Aid Enterprises Build Apps ‘40% Faste by chibuzormichael(m): 2:01pm On Dec 16, 2019
Tata invents blockchain development kit to aid enterprises build apps ‘40% faster’
Famous Indian technology Tata Consultancy Services (TCS), having a market capitalization of over $100 billion, has invented and launched a blockchain development kit.

Disclosed Monday, TCS stated the Quartz DevKit is meant to help enterprises build and deploy blockchain applications faster on platforms such as Ethereum, Hyperledger Fabric or R3 Corda.

The blockchain development kit has pre-built templates, which helps developers “write smart contracts 40% faster,” said TCS, which recorded consolidated revenues of $20.9 billion in the fiscal year ended March 31, 2019.

"A significant number of our clients, across industries, are utilizing blockchain innovation to build up frictionless exchanges over their all-encompassing biological system. We built up the Quartz DevKit to help their groups quickly set up together top notch pilots utilizing savvy contracts on any stage with decreased coding exertion," said R Vivekanand, worldwide head of Quartz at TCS.

TCS' Quartz scope of arrangements additionally incorporates Gateway and Command Center contributions, which help coordinate existing applications with blockchain organizes and encourage controlling and checking of those systems.

"Together, these arrangements can assist associations with setting up genuinely associated biological systems that sudden spike in demand for blockchain innovation, conveying constant, proficient exchange handling dependent on a solitary wellspring of truth on the record," said TCS.
https://cryptogavel.com/2019/12/16/tata-invents-blockchain-development-kit-to-aid-enterprises-build-apps-40-faster/ Blockchain

Source : Cryptocurrency

Investment / The Benefits And Dangers Of Cryptocurrency (bitcoin) Regulation by chibuzormichael(m): 11:04pm On Dec 13, 2019
The Benefits and Dangers of Cryptocurrency (Bitcoin) Regulation

Cryptocurrency(Bitcoin regulation) is the process of regulating the use and trade of cryptocurrency(bitcoin)  through a regulatory framework. Regulating the use and trade of bitcoin is both advantageous and disadvantageous.

In this article , we shall make mention of few countries with a favourable legislation for bitcoin and those with unfavourable ones.

There are many types of cryptocurrencies but the most popular and widely used is Bitcoin, which is invented in January 2008 ny the Pseudonymous Satoshi Nakamoto.

The decentralized nature of bitcoin and other digital asset was an attribute designed to make it immune from any government or central authority control. However, this does not strip the government or its authorized agent like the central bank of a country from providing certain regulatory framework to guide the usage and transactions involving bitcoin. The fear that cryptocurrency adoption, usage and transaction will, if left unchecked , affect the value, recognition and usage of the local/fiat currency has prompted many countries to either ban or restrict  the use of cryptrocurrency.

Thus the legality or otherwise of cryptocurrency is dependent on the country/jurisdiction in question. Thus the fear that cryptocurrency will displace the traditional currency and thus put the government in an awkward position has led to some country to either ban or restrict the use of cryptocurrency.

Generally, creating a cryptocurrency friendly legislation to allow, encourage and promote the use and trade of bitcoin and other related cryptocurrencies will provide a strong boost to economic competitiveness. However if left unchecked, it will definitely constitute a threat to the fiat money of a country.

It should be noted that inasmuch as some countries do not make the usage of bitcoin and other cryptocurrencies illegal, its status as money or commodity varies with differing regulatory implications. Thus while some countries/states have explicitly allowed the use of bitcoin and other cryptocurrencies, others have either banned or restricted it.

Cryptocurrency(Bitcoin) regulation in some countries

For instance, the European Union generally has passed no specific legislation regarding the status of bitcoin as a currency but has however, stated expressly and unequivocally that VAT/GST is not applicable to fiat currency to bitcoin and vice versa conversion.

According to the European Central Bank,  traditional financial sector regulation is not applicable to bitcoin on the ground that traditional financial regulators are not involved as actors.

The European court of Justice in 2015 ruled that the exchange of fiat currency for bitcoion units is exempted from VAT.

In Norhern African countires like Algeria, Morocco and Egypt, the purchase, use, sale and holding of cryptocurrency is prohibited. In Egypt specifically, it is prohibited under the Islamic law. In Nigeria, the Central Bank in January 2017, through a circular, informed the general public that transactions involving bitcoin and other cryptocurrencies have been banned . Subsequently a committee was set up by the CBN and Nigerian Deposit Insurance Commission and this led to the legalization of bitcoin usage and transactions in Nigeria.

In the Western countries like United States, Canada, Mexico etc, the use and trade of bitcoin is legal. Bitcoin ATM has been installed so many places for accessibility  and usage. other countries where use of bitcoin and related cryptocurrencies are legal include Jamaica, Trinidad and Tobago, Costa Rica, etc.

In Brazil, the use and trade of bitcoin though not banned or restricted, is highly not encouraged.

BENEFITS OF CRYPTOCURRENCY(BITCOIN) REGULATION

No matter how good and favourable the use of any asset is, once it is unregulated, abuse will set in. Cryptocurrency has been an alternative medium of exchange. If its usage is not regulated, it may present a threat to the fiat currency of a country . So in considering the economic benefits of allowing the use of cryptocurrencies, regulations should be made to check it to avoid abuse.

Posted by Cryptogavel. https://cryptogavel.com/2019/12/13/the-benefits-and-dangers-of-cryptocurrency-bitcoin-regulation/ cryptogavel

Nairaland / General / Bitcoin In Nigeria: Reasons Bitcoin May Displace Naira by chibuzormichael(m): 3:41pm On Dec 12, 2019
Bitcoin in Nigeria: Reasons Bitcoin may displace Naira
Bitcoin is the world most popular cryptocurrency . Invented in January 2008 by the Pseudonymous Satoshi Nakamoto . Bitcoin in 2009, has little or no value when compared with the US Dollar. Bitcoin  has been a source of development

However, over the years, Bitcoin has experienced a thunderous increase in value. Bitcoin which was once as low in value as $0.1 is today sold at $7,504,75 equivalent to 2,720,471.88 Naira.

Nigeria as the giant of Africa is a commercial city engaged in both exportation and importation of goods, there by having the constant need for international payments. Bitcoin as a digital currency has over the year, witnessed great recognition and acceptability in Nigeria.

Today, Nigeria is one of the countries that have taken substantial steps  to legalize bitcoin trade and usage. With the increase in the value of bitcoin and the decrease in the value of the Nigerian currency against the US Dollars, it will not be out of place to expect that sooner than later, Nigerians will embrace bitcoin as a medium of exchange as against Naira (the local currency). This is because cost of production and importation increases will the decrease in the value of Naira against US Dollars.

If the value of Bitcoin increases everyday while Naira decreases , then business organizations will definitely embrace Bitcoin as a medium of exchange. Also if the difficulties being encountered while trying to make foreign transaction either through bank or debit card, persists, Nigerians will have no choice but to resort to Bitcoin .

Over the past few months(years), the need to make international transactions has spiked the adoption and utilization of bitcoin. Amazingly, this year, 2019, the peer to peer bitcoin trading in Nigeria increased by over 1, 500%, surpassed by only China.

The situation in Nigeria can be likened to that of Zimbabwe whose fluctuating economy led to them resorting to bitcoin as a storage of value. Zimbabwe got to a point that they had the highest bitcoin price in the world. Right now, Zimbabwe has developed their own cryptocurrency known as Petro.

IS THERE ANY BITCOIN ATM IN NIGERIA AND WHERE IS IT LOCATED?

Unfortunately, there is no bitcoin ATM in Nigeria. However, with the growing  Nigerian acceptability of bitcoin, it is expected that soon, Nigeria will boast of many Bitcoin ATM machines.

It is necessary for every bitcoin legalized country to have Bitcoin ATM for ease of access and transaction.

The growing interest in Bitcoin   over the years  has led to the emergence of over ten Nigerian bitcoin exchanges , namely;

Luno (present in Nigeria, South Africa, Singapore, Malaysia and Indonesia)
Local bitcoin
Changelly
Nairex (This is the largest bitcoin exchange in Nigeria)
Bitpesa
Mycelium local trader

The popularity of bitcoin  is unstoppable. Nigeria as at December, 2018 was ranked second globally in bitcoin trading despite the threat and efforts of the Central Bank of Nigeria to ban bitcoin transaction in Nigeria.

Bitcoin has become currency of interest and choice for Nigerian enterpreneurs and business organisations  as it allows free and quick transaction with foreign business counterparts without any problem. With Bitcoin, entrepreneurs are able to bit the Naira's volatility and the control exercised by the central government and Central Bank of Nigeria.

In a nutshell, the two main reason why bitcoin may displace Naira in Nigeria are; the continuous depreciation in the value of Nigeria and the the appreciation in the value of bitcoin. Secondly is the ease of international payments using bitcoin unlike the use of the local currency and the debit card.

Nigeria is simply a perfect example of cryptocurrency -friendly country. The popularity and acceptability of Bitcoin in  will see no end in the country.

Source: Cryptogavel. https://cryptogavel.com/2019/12/09/bitcoin-in-nigeria-reasons-bitcoin-may-displace-naira/ cryptogavel

1 Like

Nairaland / General / Binance Cryptocurrency Exchange Finally Launches Latin American Fiat Gateway by chibuzormichael(m): 3:31pm On Dec 12, 2019
Binance cryptocurrency Exchange Finally Launches Latin American Fiat Gateway

Binance, one of the world most popular cryptocurrency exchange by virtue of trading volume and users, today announced the official launch of its fiat gateway for Latin America. The announcement was made during laBitConf, a major crypto event for Latin America held in Montevideo, Uruguay.

The new created platform, called Latamex, will run under the Binance Fiat Gateway and will permit Binance’s Latin American users to buy cryptocurrency directly in association with Settle Network, a Latin American digital asset liquidation network.

The new platform will firstly be launched in Argentina and Brazil, permitting the direct purchase of cryptocurrencies using Argentine pesos and Brazilian reals. Users will be able to buy Bitcoin (BTC), Binance Coin (BNB), Ether (ETH) and Binance’s stablecoin Binance USD (BUSD).
Binance CEO Changpeng Zhao on this, stated unequivocally that;

"There is a strong need for cryptocurrencies in Latin America, especially for financial access. Roughly 50 percent of the Latin American population is unbanked, and Latamex is a response to our users’ demands and the current market climate. Working with Settle Network allows us to instantly bridge the gap between fiat and crypto for Latin American traders. We are continuing to build with our key partner, Settle Network, to bring wider accessibility of cryptocurrency in Latin America and will support additional local fiat currencies in the region in the future.” (statement quoted!!!)

Whereas only Argentine and Brazilian users can utilize the platform in the initial launch phase, Latamex's official website shows that the service will also be available to 13 more Latin American countries: Mexico, Uruguay, Colombia, Panama, Costa Rica, Dominican Republic, Guatemala, Honduras, Nicaragua, El Salvador, Paraguay, Peru and Chile. Venezuela is however unbelievably absent in the list.

Briefly about Binance:

Binance is a world recognized cryptocurrency exchange providing a platform for trading several cryptocurrencies, founded in 2017 by
Changpeng Zhao( Chinese-Canadian business man),with headquarters in Malta.


Source : cryptogavel. https://cryptogavel.com/2019/12/12/binance-cryptocurrency-exchange-finally-launches-latin-american-fiat-gateway/ cryptogavel

(1) (2) (of 2 pages)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 116
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.