The recent attack on Binance in Nigeria has raised concerns about the future of cryptocurrencies in the country.
Tribune Online gathered that the latest attacks on cryptocurrency platforms follow an investigation by the Nigerian Financial Intelligence Unit accusing them of being instrumental in financing terrorism and other criminal activities.
Amid this controversy, Nigerians, especially on X (formerly Twitter) have jettisoned the claim by federal government that Cryptocurrency is Nigeria’s problem, stressing that the federal government has failed to make the country a manufacturing economy which has plunged the citizens into current hardship.
However, iPayBTC Community Manager, James Otudor described the cryptocurrency as a digital asset that has taken the world by storm, giving investors huge returns compared to traditional assets such as share.
In his words: “Fear not, fearless explorer! iPayBTC emerges as your oasis in the desert, offering a secure, feature-rich haven to navigate the exciting world of Bitcoin, regardless of your experience level.
He noted that with the transformative power of Bitcoin, without succumbing to exorbitant on-chain transaction fees, one can seamlessly top up airtime, subscribe to cable TV, or purchase gift vouchers.
Otudor further explained that iPayBTC’s vision extends beyond mere transactions. It aims to foster a thriving Bitcoin community in Nigeria, empowering users through comprehensive educational resources, insightful blog posts, and active community engagement, including navigating the complexities of rising on-chain fees and the benefits of the Lightning Network.
