Naira To Be Delisted From Crypto P2P Platforms - Business (7)

Naira To Be Delisted From Crypto P2P Platforms - Business (7) - Nairaland

Nairaland Forum › Nairaland General › Business › Naira To Be Delisted From Crypto P2P Platforms (32365 Views)

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Re: Naira To Be Delisted From Crypto P2P Platforms by Mayhem1: 1:26pm On May 07, 2024

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.

Modified: For those of you quoting to tell me FG will completely ban crypto, it's like Satoshi Nakamoto is a joke to you all 😂

dey play

Re: Naira To Be Delisted From Crypto P2P Platforms by emmanuelbrown26: 1:52pm On May 07, 2024

cjudy:
You Dey try educate that olodo. Wasting your time. They don’t even believe people work remotely. The only work they knows is carry cutlass or shovel to go and work in the site. They’re not smart to look for legit remote work online. I pity them and if you think FG have the power to ban crypto in Nigeria, it’s a Joke. Buhari tried it even ban X former twitter and yet Nigerians is still using it. What they failed to understand is that the world have grown before technologies, AI here and there and many options. If you ban P2P today, trust your citizen, they will device 10000 means to continue trading. You people are old and don’t know what’s happening in the technology market. Your brains are backward.

Na una get time to explain to some useless idiots that always feels that hardworking youth is one that works in construction site not knowing that things has really changed

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by pacesetting: 1:56pm On May 07, 2024

And forex? What's your explanation for that?

Babalegba:
When you buy stocks,you are investing in a business that sells a product or provide a service for the general population
The product or service satisfies a human need

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by y3mi(m): 1:58pm On May 07, 2024

millionboi:
the brain behind crypto is smarter than you and Nigerian government,so u no fit stop m oga.

I'm not concerned about all this nig govt vs crypto wahala. My question is - is cryptography the only way to manufacture digital currency?
cc frankblinkz banneduser

Re: Naira To Be Delisted From Crypto P2P Platforms by iamwebguru: 2:03pm On May 07, 2024

If the USD does not enter the country via export, tourist, remote jobs etc. Why is the economy not going to shrink? They made things very tough for people who work in that industry. When Jonathan and Buhari was the president is crypto and digital assets like (Bitcoin, Ethereum, Skrill, Liberty Reserve) not active, why is Naira not depreciating during those periods? Guys APC is just a group of companies, they are confused and they don't even know the actual solution to solve Nigeria economy. USD must be earned organically by fixing those industry I posted above not by pumping borrowed USD loans into the economy and once the money finished Naira will keep rising. We need forward-thinking's economists like Okonjo Iweala, not all these paddy paddy CBN governor and ministers that don't know what they are doing.

Re: Naira To Be Delisted From Crypto P2P Platforms by JapaPrince: 2:06pm On May 07, 2024

If Nigeirans were being patriotic, APC will never smell power after the destruction Buhari brought on our economy.
This Govt. Is the punishment we get for being politically docile and our anywhere belle face culture. This is just year one step 2, by the end of first tenure there will be enough taxes and financial restrictions for everyone.

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by Sapasenator: 2:18pm On May 07, 2024

LegendHero:
I don’t agree to this.

This approach is detrimental if there is no other available means to do the same thing.

You have to agree. Don't be an enemy of Nigeria. Are you an Obedient?

Re: Naira To Be Delisted From Crypto P2P Platforms by bigiyaro(m): 2:19pm On May 07, 2024

The naira has since be delisted from all exchanges. Mumu people, you guys should be ashamed that a few kids with phone can manipulate a whole "largest economy" currency. Shame on APC in advance as even if the entire crypto is absolutely abolished, the naira will still be weak as long as the stealing continues and Nigeria is busy importing toothpicks, sweets, biscuits, Azul and all manner of bullshit, while exporting nothing and looting the tiny dollars that comes from crude and unpon that, still borrowing only to loot borrowed money. Omo Nigeria problem long.... grin

Re: Naira To Be Delisted From Crypto P2P Platforms by treatise: 2:24pm On May 07, 2024

anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

Authorities should also stop direct deposit in lto Dom accounts, only cash deposited into Dom account should be only we can withdraw over the counter, foreign remittances should should be deposited into a bucket account before beneficiaries can get value at government advised rate and after all these like Buhari's approach PDP should be blamed for the economic malaise.

Re: Naira To Be Delisted From Crypto P2P Platforms by KushLyon(m): 2:27pm On May 07, 2024

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.

They hate anything that has to do with people sitting comfortably in their houses and making money. As long as they are going out there to work, then they expect everyone to do same and they get very bitter if they see a young man who's always indoors, doesn't do yahoo but still cashing out big time.

Re: Naira To Be Delisted From Crypto P2P Platforms by KushLyon(m): 2:32pm On May 07, 2024

Anybody who truly knows cryptocurrency and the blockchain won't be afraid of all these things FG is doing grin

infact, I can't even take them seriously because it's obvious that they don't know they are fighting a battle they have already lost grin

1 Like

Re: Naira To Be Delisted From Crypto P2P Platforms by KushLyon(m): 2:34pm On May 07, 2024

Babalegba:
When you buy stocks,you are investing in a business that sells a product or provide a service for the general population
The product or service satisfies a human need

I guess we can call the US fools for approving Bitcoin ETF, right? grin

Re: Naira To Be Delisted From Crypto P2P Platforms by YouAreNobody: 2:38pm On May 07, 2024

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.

spoken like a true illiterate

3 Likes 1 Share

Re: Naira To Be Delisted From Crypto P2P Platforms by YouAreNobody: 2:44pm On May 07, 2024

ttime:
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

Lolzzzzz...clown, I'm sure you don't know what "decentralized" means

Re: Naira To Be Delisted From Crypto P2P Platforms by LegendHero(m): 2:46pm On May 07, 2024

Sapasenator:
You have to agree. Don't be an enemy of Nigeria. Are you an Obedient?

Agreeing or disagreeing to a government policy is not being an enemy. It is only an enemy when you disagree to all policy because of politics.

Like that lewnatic Bitter Obi always do everytime.

Re: Naira To Be Delisted From Crypto P2P Platforms by Brendaniel: 2:48pm On May 07, 2024

LegendHero:
I don’t agree to this.

This approach is detrimental if there is no other available means to do the same thing.

You don't know who you are dealing with...

Re: Naira To Be Delisted From Crypto P2P Platforms by Ahmeduana(m): 2:48pm On May 07, 2024

anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

LETS IF NAIRA WILL NOT GO ROCK BOTTOM AGAIN grin

Re: Naira To Be Delisted From Crypto P2P Platforms by YouAreNobody: 2:48pm On May 07, 2024

Informant101:
In the eyes of Nigerians or in the eyes of igbos??

Igbos are the only ones who trade crypto, abi? Illiterate zombie

Re: Naira To Be Delisted From Crypto P2P Platforms by Sapasenator: 2:49pm On May 07, 2024

LegendHero:
Agreeing or disagreeing to a government policy is not being an enemy. It is only an enemy when you disagree to all policy because of politics.

Like that lewnatic Bitter Obi always do everytime.

Obi is an opposition politician, do you honestly expect him to as slick every policy of the government.

I thought they said Yorubas have home training and are omoluabis, do you refer to your elders as lunatics in your home and call them derogatory names because they fail to agree with you.?
It is clear you are a troll and lack home training.

Re: Naira To Be Delisted From Crypto P2P Platforms by frankblinkz(m): 2:52pm On May 07, 2024

y3mi:
I'm not concerned about all this nig govt vs crypto wahala. My question is - is cryptography the only way to manufacture digital currency?
cc frankblinkz banneduser

why banning me

Re: Naira To Be Delisted From Crypto P2P Platforms by Kingcid: 2:56pm On May 07, 2024

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.

Heard of VPN??)

Re: Naira To Be Delisted From Crypto P2P Platforms by tmaigari: 2:59pm On May 07, 2024

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?

For Govt officials to eventually loot and use to oppress and intimidate the citizens right? Why are you blind? When billions are not looted by these good for nothing officials the economy will take shape without them doing anything. Imagine like in the state capital of plateau there is no potable water for the past two years I have been here despite trillions of so called subsidy savings shared by our currupt Govt.

When the developed world make sure simple amenities work they are not stupid. But in Nigeria stupidity expects results, HOW?

Re: Naira To Be Delisted From Crypto P2P Platforms by ScarletBrace(m): 3:15pm On May 07, 2024

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?

Rubbish.
Do you know how much percentage of the global government-owned btc the US gov owns? Between 80 to 90% globally.
The US mines the most btc around 38 to 41%, followed by China.
These are countries that have effective economists that worked their asses out of economic decline brought about by Covid 19. These are countries that shoulder responsibilities outside their domains.
I have a good number of guys who mine Ethereum like hell. They set up rigs and are always looking out for the next best graphics card to purchase. A good number of them are chronic gamers and drone pilots. They live their lives enjoying their hobbies and making money out of it. Their social media handles speak crypto. Yet their government has nothing on them.
Advanced countries are getting used to the new metaverse era, where web3 and blockchain hold sway. Seethe rate at which kids are becoming millionaires through token claims…
The world is fast moving ahead, but we chose to celebrate idiots who take us decades back in the name of leadership.
Who tell una say crypto na Naira’s problem.
Clueless graduates with a drug criminal, steering the country to ruins.

Re: Naira To Be Delisted From Crypto P2P Platforms by MrCamron(m): 3:15pm On May 07, 2024

kenny714433:
If they delist naira from crypto exchanges and stop them from trading P2P, then we would mov..........................................

Modified: For those of you quoting to tell me FG will completely ban crypto, it's like Satoshi Nakamoto is a joke to you all 😂

Openpeer.xyz website is a good decentralised exchange. Try them out !!

Re: Naira To Be Delisted From Crypto P2P Platforms by Amigos12(m): 3:31pm On May 07, 2024

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.

Modified: For those of you quoting to tell me FG will completely ban crypto, it's like Satoshi Nakamoto is a joke to you all 😂

Re: Naira To Be Delisted From Crypto P2P Platforms by youngdave78(m): 3:45pm On May 07, 2024

am always active for crypto deals hit me up.
08171239679 Whatsapp

Re: Naira To Be Delisted From Crypto P2P Platforms by frankfab(m): 4:14pm On May 07, 2024

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.

Cry more

Re: Naira To Be Delisted From Crypto P2P Platforms by wiseoneking: 4:15pm On May 07, 2024

anonymous1759:
Final brutality to speculators, I feel for those genuine ones , but majority of Nigerians ain’t loyal . They sabotage the country and come online to bash the government when their heinous act destroys the economy . EffC should also go after schools receiving $ for fees .

Nothing will happen, you likes have been deceived for long. The solution is in ability to produce what you consume. Cosmetics solutions will always disgrace you and the government policies you blindly support. Nobody is sabotaging you, quit complaining and heed Peter obi’s solution. Speculators ok, speculating nee.

Re: Naira To Be Delisted From Crypto P2P Platforms by y3mi(m): 4:27pm On May 07, 2024

frankblinkz:
why banning me

because you're been baddie
I was referring to you and another member whose name is banneduser to respond. Hende the cc.

Re: Naira To Be Delisted From Crypto P2P Platforms by Babalegba(op): 4:30pm On May 07, 2024

KushLyon:
I guess we can call the US fools for approving Bitcoin ETF, right?

They are human. Humans would do almost anything for profit.

Re: Naira To Be Delisted From Crypto P2P Platforms by PHAYOL81: 4:47pm On May 07, 2024

Long overdue

Re: Naira To Be Delisted From Crypto P2P Platforms by HeroicMeastro: 4:47pm On May 07, 2024

Villagesquare:
This one doesn't know anything. Was guys not doing Crypto since all the Years Emefiele was there. Instead of focusing on how to boost the Economy and increase our export to earn foreign exchange they are busy chasing after Crypto traders.

Your market trader analysis makes no single sense.
Are you into crypto? Why are you pained?

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