Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,165,547 members, 7,861,591 topics. Date: Saturday, 15 June 2024 at 03:05 PM

Naira To Be Delisted From Crypto P2P Platforms - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira To Be Delisted From Crypto P2P Platforms (26545 Views)

Just In: FG To Delist Naira From P2p Platforms / Naira: Concerns Over Fresh Threat From Crypto Traders / Credit Bureau: How Lomg Does It Take To Be Delisted? (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (Reply) (Go Down)

Re: Naira To Be Delisted From Crypto P2P Platforms by Idiotmod: 12:17am On May 07
Clueless government

3 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Villagesquare: 1:22am On May 07
clearcrystal:


Do you think only government can increase our export?
If people like you keep investing millions of naira in crypto, how do we then increase our export?
Oga many Nigerians are ready to go into Export. All that they are asking for is for a Government to create an enabling environment which seems too Hard for the Government of the day. Is that too hard to ask for

7 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Villagesquare: 1:25am On May 07
anonymous1759:



Nigerians ain’t sincere , we never own up to our responsibilities that our actions sometimes affects the economy.

We’ve some countries whose population and export ain’t much but their currency is strong.
Those island nations for example.

Our constant demand for dollars and speculation and sabotage can’t be over emphasized.
This action might last for sometime but the government needs to put foot on ground more sabotage will spring up .
What were the APC government thinking when they collected an advance payment for crude oil? Where will Nigeria a Country with one source of foreign exchange earn foreign exchange.

6 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Villagesquare: 1:28am On May 07
clearcrystal:
This is a good news.
All those lazy youth that are hell bent on destroying our economy by trading and speculating the exchange rate on P2P platforms are in deep shit already.
Instead of investing in physical asset they prefer to get rich quicker by trading USDT in the comfort of their bedroom at the detriment of our economy.
I keep telling people the rate we see online is not the true exchange rate.
I'm sure they will switch to Telegram but don't be surprised in 2 weeks time the CBN will equally ban Telegram.
A youth that is into Crypto trading is more useful and more economically viable than You propagandist. Only if you know the capital base some of the people you call Lazy youth trade with. You can't fight innovation that have come to stay, even all mighty great nations know very well about this.

26 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Villagesquare: 1:31am On May 07
clearcrystal:


It's ponzi, the smart ones are taking advantage of the other and cashing out big time.
Nigerian youth don't want to work, they just want to get rich through the thin air.
What you don't know is bigger than You. Seek knowledge and you will be liberated from the schackles of ignorance.

20 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by OALandAgents: 1:35am On May 07
Breaking news the banking system worldwide is just one big ponzi scheme. But it has been configured in a way that Africa takes all the losses to keep the ponzi scheme afloat.
Babalegba:
I do find it awkward as well that people are making money without manufacturing products and providing services. It does look like a ponzi scheme and ponzi schemes don't usually end well.

5 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by aguluobi: 3:27am On May 07
This your mouth wey de do pe pe pe. If Tinubu is serious about the dollar issue he should just place 20% charge on all unofficial dollar transaction CBN jurisdiction. You will see cyrpto n japa.

kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.
Re: Naira To Be Delisted From Crypto P2P Platforms by Obagreatdatoye(m): 3:34am On May 07
kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.
Don't be too gullible...all your remedy will amount to nothing...you will count so much losses.. all your effort would be like water poured in a basket

2 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by CrossRhodes: 4:19am On May 07
adigun27:
I will be so glad
Your misery loves company definitely..

6 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by CrossRhodes: 4:25am On May 07
anonymous1759:


1) since when bus conductors inflate t fare If there’s little rain or crowd at the bus stand

2) since when iya Basira & Mallam Aminu tells me a basket of tomato is 130k When I complained about the high cost of tomatoes .

3) since when mama Nkechi increased her old stock telling me you just went to market yesterday that dollar is high .

That’s when I realized we’re doing ourselves.
The fact that your favorite candidate lost an election shouldn’t make you bitter for over 9 years now wake up and move on .
What of when customs increased import duties 3times in a year?
What of when subsidy is removed without palliatives on ground?

3 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Hoelujohn: 4:49am On May 07
kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would move to off ramp services.

There, we would convert our USDT to our local currency. So many off ramp providers out there.

Apart from off ramp, we would use Telegram bot, and normal P2P without exchange intermediary. 100 of options would be provided.

I would even suggest to a decentralized exchange like PancakeSwap or Uniswap to offer P2P services. I wonder who FG would contact when decentralized exchange adopts that.


For more context about decentralized exchange:
There's no KYC so all transactions are done via smart contract. So you won't need to know anybody at all, just signing of the transactions and the contract executes it. Even SEC finds it difficult clamping down on DEX since the team is completely anonymous.
How will money enter your opay account?
Re: Naira To Be Delisted From Crypto P2P Platforms by Validated: 5:27am On May 07
CBN is full of Cornuised and Clueless agbadonians. See them jubilation senselessly.
We will see N50 appreciation in two weeks, the N250 loss when the market assimilate the emptiness of this policy.
Infact, Tinubu is CLUELESS

6 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Globad(f): 6:06am On May 07
rinzaugustine:
The solution for them is to let Nigerians know how much CBN is printing daily, from there people will have a clue on what is happening to the naira

What does this mean?
Re: Naira To Be Delisted From Crypto P2P Platforms by IBB007: 6:40am On May 07
lol…we should kuku adopt dollar as a second currency..this will cure the craze for dollar…other countries are doing it

4 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by anonymous1759(m): 6:41am On May 07
Villagesquare:

What were the APC government thinking when they collected an advance payment for crude oil? Where will Nigeria a Country with one source of foreign exchange earn foreign exchange.


Does that justify why you should cheat your customer because the government is misbehaving?
If the prices of goods increases, increase your goods according not bloating it because the government did something that got you angry .
If you’ve issues with the government you protest anytime you want but don’t take it on your fellow compatriots.
Re: Naira To Be Delisted From Crypto P2P Platforms by ozo13(m): 7:00am On May 07
Floky215:


Those not loyal to the country are the politicians...!!!

Let see what or who they would blame next after this charade...!!
political class are the 1st on the list. Plenty crypto guys too are definitely on the list.we read comments on blogs nah on how some of them are so happy when ever the currency start losing value so the person u replied is still very much right as regards loyalty

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by Thormentor: 7:01am On May 07
anonymous1759:



Does that justify why you should cheat your customer because the government is misbehaving?
If the prices of goods increases, increase your goods according not bloating it because the government did something that got you angry .
If you’ve issues with the government you protest anytime you want but don’t take it on your fellow compatriots.


Do you want people to run into loss because you're defending rubbish online?


you must be very shameless!

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by anonymous1759(m): 7:05am On May 07
Thormentor:



Do you want people to run into loss because you're defending rubbish online?


you must be very shameless!




You’re shameless, where did I mention people should run losses tell me ? What’s wrong if you adjust your goods accordingly without bloating it to exploit customers abi English Dey hard you or you’re part of the people exploiting people blaming everything on the government.

Your likes will be happy when things go bad so you can use the opportunity to exploit opportunist .

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Thormentor: 7:26am On May 07
anonymous1759:



You’re shameless, where did I mention people should run losses tell me ? What’s wrong if you adjust your goods accordingly without bloating it to exploit customers abi English Dey hard you or you’re part of the people exploiting people blaming everything on the government.

Your likes will be happy when things go bad so you can use the opportunity to exploit opportunist .

You ended up not answering my question,

Do you want people to accrue loss Because you're defending rubbish online?

1. increased in fuel price = increased transportation of goods

2. increased tarrif= increased running of business activities

3. increase import duty increase fx rate for All time high at almost 1400 to dollar


With all these pressure and very sharp increase in fx rate and import duty, transportation, cost of production and running day to day business

you expect people to keep price same abi 🤡🤡🤡


what are we now, a socialist State?


why am i suprised same you guys supporting Buhari are the ones still supporting a clown that removed Subsidy and started paying for it with higher price?

someone who went and float a currency and started defending it again


mtcheww

e no go better for una

6 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by anonymous1759(m): 7:41am On May 07
Thormentor:


You ended up not answering my question,

Do you want people to accrue loss Because you're defending rubbish online?

1. increased in fuel price = increased transportation of goods

2. increased tarrif= increased running of business activities

3. increase import duty increase fx rate for All time high at almost 1400 to dollar


With all these pressure and very sharp increase in fx rate and import duty, transportation, cost of production and running day to day business

you expect people to keep price same abi 🤡🤡🤡


what are we now, a socialist State?


why am i suprised same you guys supporting Buhari are the ones still supporting a clown that removed Subsidy and started paying for it with higher price?

someone who went and float a currency and started defending it again


mtcheww

e no go better for una



You just want to be unfortunate , if you refuse to see where I stated that you can increase your goods accordingly without bloating it for exploitation.

From my experience it’s better to buy everything you need in bulk those retailers are killers , that’s how one seller told a basket of tomatoes cost 45-50k when it’s 10k In the marker two months ago when I got it. he lied to me to justify is exploitation.
Only sore election losers deny exploitation is not going on.

Let’s continue the exploitation game , the good thing is that you can’t be self sufficient In everything if you exploit MR A MR B will do you the favor.

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Thormentor: 7:49am On May 07
anonymous1759:



You just want to be unfortunate , if you refuse to see where I stated that you can increase your goods accordingly without bloating it for exploitation.

From my experience it’s better to buy everything you need in bulk those retailers are killers , that’s how one seller told a basket of tomatoes cost 45-50k when it’s 10k In the marker two months ago when I got it. he lied to me to justify is exploitation.
Only sore election losers deny exploitation is not going on

Let’s continue the exploitation game , the good thing is that you can’t be self sufficient In everything if you exploit MR A MR B will do you the favor.

everything to sw!nes and bottom feeders like you is election

We are used to it you people said worse during Buhari tenure


Buy your things in bulk no body has problem with that


Stop sitting your office where you have stagnant salaries and be telling someone running round to make you comfortable how to do thier business.


You're being clever by half.


make good government policies

stop changing economic variables and see how price of things will stabilise

The main aim of business as i was taught from childhood is profit!

Even that office ya working if your boss start accruing loss he will fire your asses


you're not bright at all just like other Clowns supporting this clueless government.

7 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by tuzle(m): 7:49am On May 07
In Nigeria as a youth, if u are not carrying block, mixing cement, hawking gala or working in site etc. They term u a lazy youth.

27 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Hedonisco: 8:01am On May 07
tuzle:
In Nigeria as a youth, if u are not carrying block, mixing cement, hawking gala or working in site etc. They term u a lazy youth.

Don't mind the retards. One unfortunate thing up there was talking about "wealth without enterprise". Next thing they will ask "where is your office" or which factory do you own?

Very myopic and morbidly envious elements.

23 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by anonymous1759(m): 8:12am On May 07
Thormentor:


everything to sw!nes and bottom feeders like you is election

We are used to it you people said worse during Buhari tenure


Buy your things in bulk no body has problem with that


Stop sitting your office where you have stagnant salaries and be telling someone running round to make you comfortable how to do thier business.


You're being clever by half.


make good government policies

stop changing economic variables and see how price of things will stabilise

The main aim of business as i was taught from childhood is profit!

Even that office ya working if your boss start accruing loss he will fire your asses


you're not bright at all just like other Clowns supporting this clueless government.









In your dictionary there’s nothing like exploitation in your office abi?
So you expect me to exploit you in my office whenever you need my services?
Just because you want justify your exploitation skills . Not everyone is like you ok. You can continue just like i said you cannot be self sufficient it’ll eventually go round.

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by ccrenda5540: 9:27am On May 07
Good news good work from PBAT.
Re: Naira To Be Delisted From Crypto P2P Platforms by ttime(m): 9:31am On May 07
BannedUser:


Naira, USD and other fiat currencies have infinite supply and will continue to lose value forever and ever. They are actually backed by nothing but trust in the government that issues the fiat currency. Bitcoin is limited in supply unlike fiat. It is secure, decentralized, unhackable and cannot be easily confiscated. A thousand years from now when everyone currently alive (and even countries) are no more, bitcoin will continue to exist.

BTW BTC does not care about what you or I think about it.

One emp strike that wipes away all d servers, one one crafty virus that corrupts all d servers and ur digital assets will vaporize poof

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by Silentgroper(m): 9:34am On May 07
Doesn't change anything ..


Crypto to dollar, dollar to naira..

2 Likes

Re: Naira To Be Delisted From Crypto P2P Platforms by dreamxhaser: 9:44am On May 07
clearcrystal:


It's ponzi, the smart ones are taking advantage of the other and cashing out big time.
Nigerian youth don't want to work, they just want to get rich through the thin air.

Which work are you talking about? Is there work? Or is 8t the 50k, 60k, 100k salary work.

No way.......We hustle online till we japa....

4 Likes

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

7 Strong Reasons You Should Start A Business In Your Twenties. / Wheelbarrow Shopping: Shopping With A Difference / “How Linda Ikeji Makes Millions Blogging” – [YES Magazine Interview]

(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. 62
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.