MMM Nigeria says it has introduced Bitcoin, said to be the world’s best performing currency in 2016, as part of its mode of payment in its comeback plans.

The Ponzi scheme, which froze accounts of its three million participants on December 13, 2016, is preparing to return, and it is throwing up a number of plans to get its community active again.

Last week, MMM promoters issued instructions to its participants whose accounts were frozen, to perform “Promo Tasks: A New Tool for MMM Community Development.”

In the MMM message, subscribers were told to perform tasks, both online and offline, to promote the scheme and drive “traffic and participation” by the time the restriction on the account is lifted.

“Being an MMM member implies not only opportunities, but also a responsibility for the state and development of the MMM Community”, the message said.

Now it has come up with Bitcoin, the increasingly popular cryptocurrency or digital currency.

It was said to be the best performing currency in 2016, appreciating by more than 100 percent, from about $400 per bitcoin to over $1,000 per bitcoin. The currency has now fallen to $887 as at last Friday, with China tightening rules to curb capital outflows.

Prior to the freeze of MMM, participants were allowed to provide help in bitcoin, but they were paid back in naira.

However, MMM new plan allows participants to receive payment in bitcoin, and watch their monies grow in bitcoin.

In a statement to participants, MMM said “due to the recent sharp price fluctuations of Bitcoin, MAVRO-BTC is being introduced in the system.

“So far, we have only had Mavro-Naira in the system. Even though you provided help via Bitcoin, your Bitcoins, anyway, were recalculated into the Naira at the exchange rate at the moment of providing help, and you were credited with Mavro-Naira in your PO.

“It was the naira amount that grew. In other words, you received 30 percent a month specifically in naira (not in Bitcoins, although you originally provided help using Bitcoins).

“Now, you have a chance to have 30 percent growth of the Bitcoin amount, not the naira amount. So, acquire MAVRO-BTC which will be credited in your PO and will grow at a 30 percent monthly growth rate.

“In a month not only 30 percent will be added to your initial amount, but, it can increase itself due to Bitcoin price growth.

“And, what if Bitcoin price is going to fall? In case Bitcoin price might go down, you will be able to return to naira at any time — instantly convert your MAVRO-BTC into Mavro-Naira (and vice versa, if Bitcoin price might increase again).

“This option is available in PO. You can convert both confirmed and unconfirmed Mavro.

“We hope that with implementing MAVRO-BTC, your participation in MMM will become more comfortable.

NAN

http://investorsking.com/mmm-dumps-naira-use-bitcoin/ mynd44

Information twisted is information maneuvered, op keep on twisting it until name turns to TWISTER.

It's high time Serge Mavrodi defraud participants of their money.

Now this is good news and bad new
which one should i share first?
okay let me share the good news first...

1. there is nothing like fake proof of payment again... cos you will need to proof you have paid with your transaction ID

2. nothing like queuing in the bank again to get help and provide help

3. and if mmm freeze again , nothing like contacting brothe EZE and beg you to give you half of the money ( money sent is untraceable )

4. getting help will be faster than ever ( say maximum 3 hours )

now the bad news


1. there is no way to know WHEN or IF movrodi will run away with your money

2. it is now easy for him to pack all your money and run without any trace

3. efcc , fbi etc... no evidence again

4. IF you provide help and the reciever decide to run away.. nothing like freezing his account ..your money is gone


pardon my grammar

d speed mmm post take hit front page fast pass 5G network.

The hustle to defraud Nigerians goes nuclear

Gbogbo Ogbon aluaala Oloogini, ati ke ebo je na ni!!!


Eventually, Jan 14 may become public holiday in Nigeria..
January 14; MMM remembrance Day!!!

But they have been using Bitcoin before now na..

That's a very misleading heading. I don't know why Nairaland Mods hate MMM so well.

MMM never dumped naira for bitcoins. The Mavro btc is for MMM participants that have been making use of bitcoins for their transactions.

Abeg make research before posting all this negative stuffs.

We can never be intimidated !!!

We can never panic !!!

in MMM we breathe, in MMM we shall die.

Long live MMM Nigeria

na so

eww...I dey laugh in Chinese

OMO, PRICE OF BITCOIN GO SHOOT UP.......THIS IS HARVEST TIME FOR WE BITCOIN INVESTORS

at least no need to dy enter bank go deposit for mmm, dose days of entering 10banks when u are merged with 10people is now over....i don waka taya sha


I SELL BITCOIN AT AN AFFODABLE RATE!!!

MMM....Na this week o

Change

A

Lol

Good

Goodluck to them

You call it Jan 14, I call it the second coming!

January 14 is now one of the most popular dates in Nigeria

is this good news? Have they released the mavros??They invested naira...so pay them in naira.

MMM is not dumping naira, it is just adding bitcoin as a payment option.

It was there before but you couldn't GH in bitcoin even though you PH in bitcoin. That situation was not favourable cos we buy bitcoin at N500/$ and MMM pays at N312/$ BUT NOW, we would be able to withdraw into your bitcoin wallet directly .

To know more about Bitcoin or to open a bitcoin account and get your Bitcoin Wallet, Click Here

But, wait o, 30% in 30 days is still low compare to competition

The exchange rate of bitcoin fluctuates like the naira, but there is remarkable appreciation to suggest it's a good investment. Good one from mmm

ITbomb:
MMM is not dumping naira, it is just adding bitcoin as a payment option.

It was there before but you couldn't GH in bitcoin even though you PH in bitcoin. That situation was not favourable cos we buy bitcoin at N500/$ and MMM pays at N312/$ BUT NOW, we would be able to withdraw into your bitcoin wallet directly

But, wait o, 30% in 30 days is still low compare to competition

There is no denying that mmm is more reliable than competition

see major scam, na so MMM wan take come back...

One chance

Hmmm

Jan 14

ok na. next