#list of cryptocurrency in nigeria

[scarletnews]

Check Speculative Price of $DOGS

The Dogs Coin crypto community made an exciting announcement about a possible listing of its $DOGS token on August 20 on 15 major cryptocurrency exchanges including Budget, OKX, and Bybit. It also announced a massive 400 Billion DOG tokens airdrop on the same date. This created a buzz among lovers of $DOGS token in Nigeria who are curious to know what will be its price range and what will be its…

[jacn]

Fundamental Standard bank Digital Forex (CBDC): Revolutionizing Financial Countryside

Numerous factors push the interest rate plus usage regarding CBDCs simply by core finance institutions

Lately, the fiscal planet provides experienced a flourishing curiosity about Fundamental Standard bank Digital Currencies (CBDCs). These types of electronic digital styles of sovereign currency exchange, released plus controlled simply by core finance institutions, signify a tremendous advancement in economical techniques worldwide. nigeria cbdc Compared with cryptocurrencies such as Bitcoin and also Ethereum, that happen to be decentralized plus perform alone associated with a core recognition, CBDCs will be common plus conserve the support plus stableness of a country wide govt and also core bank.Understanding CBDCsCBDCs will be essentially electronic digital variations regarding fiat currency. Many people are set up plus from core finance institutions applying blockchain and also similar technological know-how, offering a digital manifestation of a country'vertisements bodily currency. Compared with funds, which can be touchable as well as bodily coping with, CBDCs occur solely in electronic digital type, facilitating faster trades plus which allows impressive fiscal services.Types of CBDCsCBDCs can be classified into 2 primary varieties: retail price CBDCs plus low cost CBDCs.List CBDCs: They're accessible to the general public plus bring everyday trades, a lot like bodily funds and also existing electronic digital check methods. List CBDCs goal to further improve fiscal improvement by providing safe and sound, low-cost check choices to folks plus businesses.At wholesale prices CBDCs: Made for financial institutions plus large-scale trades, low cost CBDCs facilitate interbank debt settlements plus trades in between fiscal entities. They have efficiency benefits in paying off plus pay out techniques, likely lessening prices plus business threats inside fiscal system.Motivations for CBDCsNumerous factors push the interest rate plus usage regarding CBDCs simply by core finance institutions:Efficiency: CBDCs could simplify check techniques, lessening deal prices plus pay out situations in comparison to regular consumer banking methods.Financial Addition: By offering a digital alternative to popular funds, CBDCs could reach underserved populations who won't can access regular consumer banking services.Fiscal Insurance plan Gear: CBDCs offer you core finance institutions new methods for applying economical coverage, such as influencing rates of interest plus handling the cash present far more effectively.Fighting Financial Offenses: Digital currencies could improve transparency plus traceability, likely lessening illicit routines such as cash laundering plus enemy financing.Challenges and ConsiderationsWhilst the possible advantages of CBDCs will be major, his or her inclusion presents several challenges:

[coinsavvy]

What’s New in Cryptocurrency Today?

The cryptocurrency market is constantly evolving, with new developments, innovations and challenges emerging every day. In this blog post, we will highlight some of the most important and interesting news stories that happened in the crypto space today.

Central Bank of Nigeria Lifts Crypto Ban Following New SEC Regulation The Central Bank of Nigeria (CBN) has reversed its ban on dealing with companies involved in digital tokens, following the introduction of a new regulatory framework by the Securities and Exchange Commission (SEC). The SEC has classified cryptocurrencies as securities and has mandated registration and compliance for crypto service providers. This move is expected to boost the adoption and innovation of crypto in Nigeria, which is one of the largest markets for digital assets in Africa.

Bitcoin Price Prediction: BTC Dips Amid Market Moves and Satoshi Identity Revelations Bitcoin, the leading cryptocurrency by market capitalization, has experienced a minor dip, trading at $43,623 with a 0.83% decrease on Saturday. This shift in Bitcoin's price coincides with a rise in stocks and a decline in the dollar value as the long holiday weekend approaches. Moreover, some speculation has emerged about the identity of Satoshi Nakamoto, the anonymous creator of Bitcoin, after a website claimed to reveal his name and location. However, many experts and enthusiasts have dismissed this claim as another hoax.

People’s Bank of China Stresses on Global Regulation for Crypto and DeFi Markets China’s central bank has called on global financial authorities to regulate the digital asset and decentralized finance (DeFi) markets in its recent financial stability report. The People’s Bank of China (PBoC) has warned that crypto and DeFi pose risks to financial stability, consumer protection, anti-money laundering and cross-border capital flows. The PBoC has also reiterated its stance on cracking down on crypto mining and trading activities within its jurisdiction.

Multiple Crypto Influencers Struck By SIM Swap Attacks – Here Are The Details SIM swappers are beginning to target crypto influencers ahead of the holidays, with some taking control of their high-profile accounts on Twitter. Some include the accounts of crypto investment firm Manifold Trading and its founding partner, Jae Chung. SIM swapping is a type of cyberattack that involves transferring a victim's phone number to a new SIM card, allowing the attacker to access their online accounts. Crypto influencers are often targeted by SIM swappers who seek to steal their funds or scam their followers.

New Cryptocurrencies Listed Today And This Week | CoinMarketCap CoinMarketCap, one of the most popular platforms for tracking crypto prices and data, has added new cryptocurrencies to its list in the last 30 days. These new listings can offer a variety of opportunities for those interested in the space. Some of the new cryptocurrencies include Fluid (FLUID), Fuzion (FUZN), Aki Network (AKI), Blue Kirby (KIRBY), Felix 2.0 ETH (FELIX), SANTA CHRISTMAS INU (SANTA), Lemon Terminal (LEMON), Bonkinu (BONKINU), Grok Father (GROK FATHER), Cash Flash (CFT), Solabrador (SOBER), Solana Shib (SSHIB), analoS (ANALOS), Analysoor (ZERO), The Gm Machine (GM), Baby Bonk (BABYBONK), Eggdog (EGG), Syncus (SYNC), Baby Bob (BABYBOB), MainnetZ (NETZ), BABY CAT INU (BABYCAT), PAW (PAW), Wecan Group (WECAN), Papa Grok (PGROK), bemo staked TON (STTON), GrapeCoin (GRAPE), Bitcoin Cats (1CAT) and Eclipse Fi (ECLIP).

These are some of the most relevant and exciting news stories that happened in the crypto world today. Stay tuned for more updates and analysis on this fast-paced and dynamic industry.

[entrepreneurshipsecrets]

Top 5 APPS to Sell Bitcoin in Nigeria 2024

Are you new to the crypto world or an old-time trader looking for a place to easily sell your bitcoins in Nigeria? This article is for you. Here, I will carefully explain how you can easily sell your bitcoins in Nigeria at the best rate. When choosing the best app for selling your bitcoin in Nigeria, consider comparing them based on fees, withdrawal methods, and associated costs. Here are some platforms you can checkout right away, although we strongly recommend Koyn for easy cashout and maximum security of your funds: Here are the Top 5 APPS to Sell Bitcoin in Nigeria 2024 Koyn: Koyn is one of the best apps in Nigeria where you can easily exchange your bitcoins for cash without any delay. Currently, it is the go-to app for anything bitcoin to naira in Nigeria. What is extraordinary about Koyn is that there are no fees and no additional charges. It is the number one choice for anyone that loves simplicity. Binance: Everyone knows binance right? Binance is a globally recognized crypto exchange that offers P2P for Nigerians. You can also sell your bitcoins here if you know how to navigate the P2P platform. Breet: This is an automated crypto-to-fiat mobile app that uses the OTC system, enabling you to convert your BTC to cash. NairaEx App: NairaEx is a nice Bitcoin exchange platform, supporting various payment methods, including bank transfers and cash deposits. Its mobile app facilitates smooth transactions, allowing you to buy and sell Bitcoins with ease. Paxful App: Paxful is a peer-to-peer Bitcoin marketplace that supports an extensive list of payment methods. With a user base of 200 million, Paxful’s app is a reliable choice for anyone looking to sell Bitcoins securely.

How to sell Bitcoin on Koyn

Selling bitcoin on Koyn is as  easy as ABC. Here’s how you can get started: 1. Create a Koyn Account: Quickly Download the Koyn app and create an account. 2. Add Your Bank Account Details: To ensure a smooth transaction process, Quickly add your bank account details to your Koyn account. This step is essential for transferring the funds after your crypto sales. 3. Auto-Generated Wallet Addresses Depending on the crypto you plan to sell, Koyn will automatically generate unique wallet addresses within your account. These addresses are where the digital assets you want to sell will be sent. Each cryptocurrency you plan to sell will have its specific auto-generated wallet address 4. Initiate the Transaction: Send the cryptocurrency you wish to sell from your external wallet or exchange to the generated wallet address within Koyn. Wait for the network confirmation, which typically takes 15-30 minutes for three confirmations. 5. Automatic Conversion and Transfer: Once the transaction is confirmed, your crypto will be automatically converted to naira at the best available rate. The equivalent Naira amount will be instantly transferred to your wallet for withdrawal.

Why you should sell your crypto on Koyn

User-Friendly Interface: Koyn is designed with simplicity in mind. Whether you’re new to cryptocurrencies or an experienced trader, you’ll find the interface intuitive and easy to navigate. This ensures a hassle-free experience for selling Bitcoin. Top-Notch Security: Security is a paramount concern in the world of cryptocurrencies. We take security seriously and have robust measures in place to protect your money. Prompt Transactions: Time is of the essence when it comes to cryptocurrency trading. We ensure that your Bitcoin transactions are processed swiftly, allowing you to access your funds when you need them. Excellent Customer Support: Koyn’s dedicated customer support team is always ready to assist you with any queries or issues you may have. Our commitment to customer service sets us apart in the crypto space.

Conclusion

Koyn is the go-to app for selling Bitcoin in Nigeria. Its user-friendly interface, top-notch security, good rates, and excellent customer support make it the best choice for both beginners and experienced traders. So, if you’re looking to sell your Bitcoins in Nigeria, koyn is your answer. It is the best app for Bitcoin trading in Nigeria. Read the full article

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BTCDana How to Use in Nigeria: Step-by-Step Guide

BTCDana is an online platform that allows users in Nigeria to buy, sell, and trade Bitcoin and other cryptocurrencies. The platform is secure, user-friendly, and offers some of the best rates in the market. In this article, we will provide a step-by-step guide on how to use BTCDana in Nigeria.

Getting Started

The first step to using BTCDana in Nigeria is to create an account. You can do this by visiting the BTCDana website and clicking the “Sign Up” button. Fill out the form and verify your email address. Once your account is created, you can start using the platform.

Funding Your Account

The next step is to fund your account. You can do this by clicking on the “Funds” tab in the top menu. You can then select the currency you want to deposit. BTCDana supports the Nigerian Naira, as well as Bitcoin, Ethereum, Litecoin, and other cryptocurrencies.

Once you have selected your currency, you will need to enter the amount you want to deposit. You can then select your payment method (bank transfer, debit/credit card, or e-wallet) and follow the instructions to complete the transaction.

Buying and Selling Cryptocurrencies

Once you have funded your account, you can start buying and selling cryptocurrencies. To do this, click on the “Exchange” tab in the top menu. You will be presented with a list of all the available trading pairs. Select the pair you want to trade and enter the amount you want to buy/sell.

You can then click on the “Buy” or “Sell” button to make your trade. Once the trade is complete, you will be able to view your balance in the “Funds” tab.

Securing Your Funds

BTCDana provides a secure environment for its users. All transactions are encrypted and the platform is protected by advanced security measures. It is also recommended that you use two-factor authentication for additional security.

Conclusion

BTCDana is a secure and user-friendly platform that allows users in Nigeria to buy, sell, and trade Bitcoin and other cryptocurrencies. We hope this step-by-step guide has been helpful in getting you started with BTCDana. Good luck and happy trading!

[oalabede]

POWERING THE FUTURE OF CRYPTO: THE OMEGA NETWOK

I recently had the opportunity to experience the Omega Network, and I must say, it has completely revolutionized my cryptocurrency experience. From beautiful user interface and seamless UI navigation to reliable app usage, this platform truly lives up to its reputation as a game-changer. First and foremost, the speed of the Omega Network app is nothing short of exceptional. With its advanced infrastructure and cutting-edge technology, I noticed a significant improvement in my experience compared to other similar applications. App clicks respond instantly and navigating through the app content is a breeze. It's like having a supercharged mining rig at my fingertips.

I am still left wondering the kind of cutting-edge technology that the Omega team has put together to turn our mobile phones into a cryptocurrency mining rig. It is simple incredible. I used to know cryptocurrency mining as a tedious and resource intensive endeavour, regardless of the kind of protocol engaged, whether proof of work (PoW), proof of stake (PoS) etc. The ability to mine crypto on a mobile app but just clicking on a round Start button daily is simply mind blowing. I have been so impressed that I can’t stop speaking about it to my friends and colleagues. Even those who are not crypto enthusiasts are left bewildered when I explain the demands of crypto mining and how the Omega Network has completely simplified it.

Another thing I find very impressive is the extensive coverage of the Omega Network. The Network’s coverage is spanning across a wide range of geographical areas. It is hard to believe that a cryptocurrency project which is yet to launch its Mainnet is getting so much community support and generating massive traction across different countries. I am in Nigeria and the Omega Network is becoming a popular name among local crypto communities here in my country. People are talking about the project on Twitter, Facebook, Discord, and several other social media apps. It shows how much traction and community engagement the project is gaining. This is definitely a clear indication that the project will be successful and also be a revolution in the crypto sphere.

Overall, I am confident that the Omega Network is a game-changer in the cryptocurrency industry. It’s beautiful user interface, snappy UI navigation, reliability, extensive coverage, and excellent community support make it a top choice for anyone who is willing to venture into cryptocurrency mining in the simplest and user-friendly manner available. All the above listed are also pointers to how massively successful the project will be. I wholeheartedly recommend it to anyone who is looking to be a part of the global crypto movement.

#OmegaNetwork

#CryptoRewards

#OMN

#OmegaFamily

[thenewsroom786]

Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. While local payment providers refuse to comment on the decision, Argentina’s fintech chamber urged the government to reconsider, claiming that “it limits access to a technology that offers multiple benefits and opportunities for our society.”In France, the Senate Committee on Economic Affairs approved an amendment allowing registered cryptocurrency companies to hire social media influencers for advertising and promotional purposes. The new wording would allow companies registered with France’s Financial Markets Authority to hire product influencers.Meanwhile, Nigeria is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering allowing licensed digital exchanges to list tokens backed by specific assets, including equity, debt and property. The SEC also aims to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers and tokenized coins issuers. The authority will not register crypto exchanges until the central bank provides clear regulations for the crypto market.White House to build international standards for DLTThe United States Government released the national standards strategy for key and emerging technologies, with blockchain being one of them. The national strategy suggests that distributed ledger technology (DLT) and digital infrastructure would increasingly impact and be widely used in the economic sector. Some key areas where these technologies will be actively tested include automated and connected infrastructure, such as smart communities and the Internet of Things. DLT can be especially useful in building cybersecurity and privacy-based features and services.Continue readingNorth Carolina House passes bill banning CBDC payments to the stateThe North Carolina House of Representatives has unanimously passed legislation prohibiting payments to the U.S. state using a central bank digital currency (CBDC). The latest version of the legislation aims to prohibit individuals from using CBDCs for any payments to the state. It also bars the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot. The bill will now move to the Senate, where it must pass before being signed into law or vetoed by Governor Roy Cooper. Continue readingMontana governor signs pro-cryptocurrency mining bill into lawMontana Governor Greg Gianforte has signed a bill into law essentially preventing local governments in the state from passing laws prohibiting cryptocurrency mining. The legislation effectively enshrines crypto miners’ rights in the state by revising existing laws, prohibiting discriminatory electrical rates for mining firms and not allowing taxation for crypto used as a payment method. It was introduced partly as a preventive measure in response to certain proposals in other states.Continue reading #Argentina #crypto #payments #France #tolerates #finfluencers #Law #Decoded Read the full article

[qxchangeapp]

Top 5 Best Crypto Trading Platforms in Nigeria

Are you looking for the best crypto trading platform in Nigeria? With so many options available, it can be challenging to choose the right platform that suits your needs. In this blog post, we will discuss the top 5 best crypto trading platforms in Nigeria.

Binance: Binance is one of the largest and most popular crypto trading platforms in the world. It offers a wide range of cryptocurrencies, competitive fees, and advanced trading features.

Luno: Luno is a user-friendly platform that allows you to buy, sell, and trade cryptocurrencies such as Bitcoin and Ethereum. It has low fees and is available on both desktop and mobile devices.

Quidax: Quidax is a Nigerian-based crypto exchange that offers a simple and easy-to-use platform for buying and selling cryptocurrencies. It offers competitive fees and supports a wide range of cryptocurrencies.

BuyCoins: BuyCoins is another Nigerian-based crypto trading platform that offers a range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It has a user-friendly interface and low fees.

Naijacrypto: Naijacrypto is a Nigerian-based crypto exchange that offers a simple and secure platform for buying and selling cryptocurrencies. It offers competitive fees and a range of payment options.

When choosing a crypto trading platform, it's important to consider factors such as security, fees, user-friendliness, and available cryptocurrencies. By using one of the platforms listed above, you can ensure a safe and seamless trading experience.

[m-ultraarticles]

Nigeria SEC prepares new digital asset rules

Nigeria, one of the world’s most curious nations about cryptocurrencies like Bitcoin (BTC), is preparing new industry regulations for digital asset platforms. The Securities and Exchange Commission (SEC) of Nigeria is considering allowing licensed digital exchanges to list tokens backed by certain assets, Bloomberg reported on May 1. According to SEC head of securities and investment Abdulkadir…

[forex4younigeria]

Trading Made Easy: The Most Reliable Forex Brokers in Nigeria

If you're searching for one of the good forex brokers in Nigeria, you've come to the right place. With a strong presence in Nigeria's forex market, Forex4you is a reputable forex broker. In addition to forex, commodities, indices, and cryptocurrencies, the broker offers a wide range of trading instruments. With its easy-to-use trading platform, competitive spreads, and fast order execution, Forex4you stands out from the competition.

Both new and experienced traders can benefit from trading forex and other financial instruments on Forex4you. This is due to the user-friendly platform, fair pricing, and exceptional customer service offered by the company. Contact us today if you would like more information.

[tryspeed]

Digital Currency vs. Cryptocurrency: What’s the Difference?

In the current market, there are multiple forms in which money exists. Similarly, there are digital currencies and cryptocurrencies. There are many differences between these two, which may be unclear to certain people. All forms of cryptocurrencies are in digital format and hence included in digital currencies, but some of its features and functions make crypto separate from digital. To know the differences between them, keep reading this article and get to know about what makes cryptocurrency different from digital currency.

What is digital currency?

A currency entirely available on a digital medium is termed digital currency. It is mentioned as a blanket term for multiple assets that are traded only through digital formats. They are a part of the nation’s financial system. All the transactions done in digital currencies are entirely virtual, and it does not have any computer network.

Digital currency is becoming more common today due to its wide capacity. As these currencies do not have any physical form, they are instant to transfer and trade. These currencies can be converted to other physical money and used similarly. It is easy to use digital currency for small transactions in a store and donating to a charity; all this can be done through an online virtual tender.

There are majorly three varieties of digital currencies which are:

Cryptocurrency

Central Bank Digital Currency(CBDCs),

Stablecoins.

Multiple countries own their digital currencies in CBDC as well as stablecoins, for example,

Sand Dollars (Bahamas)

eNaira (Nigeria),

Jam-Dex (Jamaica)

Tether (USDT)

Binance USD (BUSD)

Features

Digital currencies are sovereign currencies that a central bank issues in consideration of their monetary policies.

This form of currency is considered legal tender.

Governments, citizens, and businesses use digital currencies as a payment medium and store their assets too.

Being a fungible legal tender, one does not need any form of bank account to store such currencies.

What is cryptocurrency?

Cryptocurrencies are decentralized, but they can have some centralized characteristics. It is one type of virtual money, but some features make it different from digital currency. The very first cryptocurrency, which was launched in 2009, was Bitcoin. All the cryptocurrencies that exist today are on a blockchain. It is a ledger that keeps all the chronological data of crypto transactions.

All the transactions that happen in crypto are stored in their native blockchain. Each blockchain has various blocks on which some finite numbers of transactions get stored. Being a decentralized currency, crypto data is shared with multiple connection nodes. This kind of connection ensures that no particular person has the majority of the network controls.

Multiple cryptocurrencies exist currently; here is a list of the top 5 cryptocurrencies worldwide.

Bitcoin

Ethereum

Tether

Binance coins (BNB)

XRP

Features

In crypto, the person’s identity is kept anonymous as the transactions are characters.

There is no intermediary body included that avoids unfavorable fees and restrictions.

It provides security to its holder in the form of private keys; to enhance that, encryption technology can be added to the storage devices.

Any authority does not control the flow of crypto, and the data is dispersed along the network.

Five major differences: Digital Currency vs. Cryptocurrency

We have seen what digital currency is as well as crypto. Both have varied features, but they are misunderstood to be the same. In various ways, digital currency is different from cryptocurrency. We will see their significant differences further in this blog.

Centralization

The biggest question is who controls the values of coins that you own. In the case of digital money, it is regulated and centralized, which means central banks of different countries control it along with government, banks, and other financial intermediaries. The government sets the value of digital currencies in power and fears collapse during any change in a country’s political status.

In cryptocurrencies, the procedure is transparent and run by a predefined set of rules; everything runs in a decentralized format, from mining to crypto asset transfer. The values of crypto are free from any geopolitical problems. However, specific cryptocurrencies are centralized and run by their founding organizations.

Encryption

When it comes to encryption, cryptocurrency overtakes digital currency. While all the data of cryptocurrencies are stored in blockchains, and the coins are kept in wallets, this provides higher security. The latter is an e-cash form that does not need a different encryption method.

Multiple currencies in the market provide their users with a required level of protection. Many cryptocurrencies have their form of community, which keeps them safe and reliable.

Transparency

The details regarding a digital currency are between the service provider banking authorities, senders, and their receivers. In such cases, if any fraud or money loss occurs, there is very little proof to prove your ownership of that money. Other than that, when there is a conflict in digital currencies, there are legalities and bureaucratic hurdles for the people.

In cryptocurrencies, all the information regarding the transactions is in the public domain due to its decentralized ledger, while the records are all in the blockchains. There is a high risk in crypto during transactions, but the records are safe within the blocks. In the public domain, everyone can access the information and see the transaction details.

Stability

Currency stability is the consistency in its monetary value as per the market. Digital currencies are considered stable and easy to manage during transactions as it is accepted worldwide. The centralized control of digital currencies makes them reliable among people; hence there are minimum fluctuations in their value.

On the other hand, the volatility of prices in cryptocurrencies makes them less stable in the market. With the addition of new technology and features, it has been gaining popularity despite being volatile.

Legality

As the government backs up the digital currency, it has gained people’s trust as regulations control them, and investors consider them safe. There is a traditional framework that backs the legality of digital currencies in a country, and it gains people’s trust.  Currently, countries are substantial at backing their fiat currencies and are less reliable to the features of crypto.

Despite all of this, there has been a rise in the number of investors in crypto. It may not be the first choice for most countries, but as it is gaining popularity, some governments are considering legalizing trade in cryptocurrency.

Here is a table to understand some basic differences between digital currency vs. cryptocurrencies.

Advantages and Disadvantages: Digital Currency vs. Cryptocurrency

There are various features in both of these currencies, and multiple differences are also there when it comes to digital and crypto, but both of these possess several benefits and disadvantages at the same time. Let’s start with the advantages and disadvantages of a digital currency vs. cryptocurrency.

Digital Currency:

Cryptocurrency:

Conclusion

Being a virtual medium of trade, crypto is a part of digital currencies, but as we see in this blog, there are multiple digital currencies. These currencies solve many problems like cross-border transactions and global exchange trade. Every currency has its drawbacks and benefits, and with digital and cryptocurrencies, managing cash and its operations become easy.

Digital currencies are controlled and centralized, while crypto is a decentralized ledger; they both play essential roles in virtual market trade. With their unique features and services, investors are getting more involved in digital business through these currencies. With the use of cryptocurrencies, investors can perform all their transactions in a more safe and more secure manner. Crypto keeps the data information along with fast transactions. It possesses some unique features over other digital currencies that differ both from each other.

Checkout Speed to start accepting Bitcoin payments for your business: https://hubs.la/Q01LsdXL0

[sageglobalresponse]

How to sell Gift Cards in Nigeria

Businesses create and issue gift vouchers to their customers to create brand awareness, generate more sales revenue and also reward loyal customers by giving them some discounted sales on each gift card transaction.

Gift cards are a great innovation of financial technology which have made transactions more convenient for people.

In a large economy like Nigeria where local and foreign businesses thrive easily and rapidly, it is only thoughtful to sell gift cards to customers.

Businesses create and issue gift vouchers to their customers to create brand awareness, generate more sales revenue and also reward loyal customers by giving them some discounted sales on each gift card transaction.

People buy gift cards to enable them to make smooth and convenient transactions in the store. Some believe that gift cards are the best gift option to give their loved ones and families on special occasions like birthday anniversaries, weddings, and festive seasons like Christmas.

Gift cards are unique because they represent money value stored in a voucher which can be used to buy gift items from a store. However, the monetary value of the gift card made them an asset which can be resold to get back cash.

Therefore, if you have a gift certificate you may not need to use for store transactions, you can sell it for cash or cryptocurrency.

This article will give you a full highlight on how you can easily sell gift cards in Nigeria.

What is a Gift Card?

A gift card is a voucher preloaded with a specific amount of money used for online and in-store transactions.

They are usually issued in two formats namely; physical gift vouchers and virtual gift vouchers.

These two types of gift cards have the same monetary value when redeemed at the store.

Gift cards are sold in different monetary denominations to ensure every user affords to buy one.

The most popular gift card denominations are $5, $10, $25, $50 and $100.

Where to sell Gift Cards in Nigeria

Nigeria is the largest economy in Africa where trading of assets and commodities is quite widespread.

The high demand and use of gift vouchers in Nigeria also created the market for gift card trading.

There are many online platforms where people can sell gift cards for cash or cryptocurrency in Nigeria.

Prestmit is the best gift card trading platform in Nigeria today. It offers gift card traders a unique and seamless way of trading their gift cards at the best rate.

The platform possesses some unusual features that make it the first choice of all gift card traders In Nigeria.

Selling gift cards on Prestmit will give you an unusual trading experience as you enjoy these features;

● Multiple Payment Options.

● High-Security Protocol.

● Instant Payment.

● Swift Customer Service.

● Simple User Interface.

● Automated Gift Card Calculator.

● High Rates On Digital Assets.

The most interesting part of the Prestmit platform is the high rates on assets, traders enjoy the best gift card rates on every trade.

How to sell Gift Cards in Nigeria

Now that you discovered the best place to sell your gift vouchers in Nigeria, it’s also important that you also know how to sell gift cards in Nigeria on the Prestmit platform.

Although you may not need this short tutorial because the platform has a user-friendly interface which is quite easy to navigate, you may still need it as a first-timer.

1. Firstly, visit the app store and download the Prestmit app and sign up with your correct details.

2. Click on “Buy and Sell Gift Cards” and select “Sell Gift Cards”.

3. Select “Payout Method” and choose either Naira, Cedis, Bitcoin or USDT.

4. Click on “Gift Card Category” and select any gift card from the list of available gift cards.

5. Click on “Gift Card Type” and choose from the type of your gift card category. For example, USA physical Steam card or a UK physical Steam card.

6. Click on “Amount” and type in the amount of the gift voucher you want to trade. The rate calculator automatically shows the amount you’ll be paid.

7. Upload the card image if you have a physical gift card. Also, paste your Bitcoin or USDT address in the box provided for BTC/USDT Address if you want to sell for crypto.

8. Type the code of the card in the comment box if it’s a virtual gift card.

9. Click on P.ceed, review the details and click on Submit Trade.

10. Payment will be made instantly after the trade is approved.

Conclusion

Gift cards have come to stay as they have eroded the need for cash payments and the tradition of buying gift items.

People can use gift vouchers for their daily online and in-store transactions and still sell the balance for cash or cryptocurrency.

Gift voucher trading is not rocket science when you trade with an outstanding platform like Prestmit.

All you need to do is download the app and start enjoying a whole new trading experience.

[tokensbossh]

The World's Top Cryptocurrency Producing Countries +7

The List of the World's Top Cryptocurrency Producing Countries Continues to Grow. With the arrival of Iran, the list of the world's most crypto money producing countries has become clear. The world's largest crypto money producers were determined in the first 7 rows. It has been announced that Iran is one of the 7 countries that produces the most crypto money in the world, along with China, Russia, USA, Kazakhstan, Canada and Iceland due to its discounted electricity tariffs. Mohammed Hudadadi Behlül, who is the head of the electricity supply unit to the crypto money production centers within the Iranian Electricity Production and Distribution Company, made a statement about the production of crypto money in the country. Behlül stated that his country is one of the 7 countries that produce the most crypto money in the world, along with China, Russia, USA, Kazakhstan, Canada and Iceland, due to the discounted electricity tariffs, and said that this causes the consumption of high amount of electricity energy.

Explaining that they have confiscated 196,233 unauthorized crypto money production devices in Iran so far, Behlül stated that the electricity consumption of these devices is more than 570 megawatts and an 800 megawatt power plant should be established to meet this. Behlül stated that the electricity consumed for the production of a bitcoin corresponds to the electricity consumed by 35 thousand households, and asked the public to notify the centers where unauthorized crypto money is produced. Due to mass power cuts in Iran, Bitcoin mining activities in the country were suspended on the order of President Hassan Rouhani on May 26. The Bitcoin mining ban will last until September 22. In his statement on June 8, Rouhani said that necessary steps are taken to legalize cryptocurrency activities in the country and protect the capital of citizens investing in this space.

Most cryptocurrencies are produced in these countries

After the announcement that Iran is one of the 7 countries that produce the most crypto money in the world, along with China, Russia, USA, Kazakhstan, Canada and Iceland, due to discounted electricity tariffs, the world's largest crypto money producing countries have become clear. Nigeria takes the first place with 33 percent, followed by Vietnam with 21 percent and the Philippines with 20 percent. The countries that use the least cryptocurrencies are Japan and Denmark with 4 percent. Bitcoin, the most well-known cryptocurrency, has yielded more than 450 percent on the US dollar in the last year. According to the research conducted by the World Economic Forum, the citizens of the countries that use crypto money the most in the world have been announced. With the entry of millennials into the market as investors, the popularity of cryptocurrencies has increased day by day, especially in Africa and Asia. In the research conducted on the world's 74 largest economies, Europe, America, Asia and Africa, Nigeria ranked first in the use of cryptocurrencies with 33 percent. Read the full article

[bitcofun]

Source: AdobeStock/ A. Solano While emerging markets usually control the worldwide adoption list, when it pertains to the top 10 list, 3 advancements stick out: Vietnam taking the crown once again, the United States reaching 5th location, and China returning to the list, according to the most recent report by blockchain analysis business Chainalysis Per 'The 2022 Geography of Cryptocurrency Report', the leading 5 nations on the worldwide crypto adoption index are Vietnam, the Philippines, Ukraine, India, and the United States, respectively. The top 10 list even more consists of Pakistan, Brazil, Thailand, Russia, and China, per the total index ranking. The 2022 Global Crypto Adoption Index Top 20 Source: Chainalysis 2022 Geography of Cryptocurrency Report Vietnam is ranked 1st in cryptocurrency adoption for the 2nd year in a row. The report kept in mind that, per the sub-rankings, the nation reveals "very high acquiring power and population-adjusted adoption throughout centralized, DeFi [decentralized financing], and P2P [peer-to-peer] cryptocurrency tools." Chainalysis even more kept in mind a 2020 survey, which discovered that 21% of Vietnamese customers reported utilizing or owning crypto. The regional media recommend that crypto-based video gaming is really popular in Vietnam-- both for the gamers and for the contractors. The Philippines is likewise noteworthy considered that it "made a huge leap" from 15 th to 2nd location. " Both of these nations have comparable development chauffeurs: play-to-earn (P2E) video games and remittances," stated the report. Meanwhile, the United States went up in the rankings. This year it beings in 5th location, up from 8th in 2021 and 6th in2020 Remarkably, while the nation ranks in the leading 3 of other sub-indexes, it ranks all the method down at 111 for population and acquiring power-adjusted P2P exchange use. Per the report, "this isn't unexpected, as our research study reveals that P2P exchange use tends to be greatest in nations with low buying power," including: " Perhaps most fascinating is the reality that the United States is without a doubt the highest-ranked industrialized The 2022 Global Crypto Adoption Index 10 market nation on our index, and among just 2 to make the top 20 together with the UK." Another nation went up substantially: after being the 13 th in 2021, China arrived on the 10 th area this year. Per sub-indexes, China is "particularly strong" in the use of central services, being in 2nd location for acquiring power-adjusted deal volume at both the general and retail levels. What requires to be taken into consideration here is the Chinese federal government's crypto crackdown and a restriction put on all crypto trading in September2021 Per the report," [ W] hile the restriction at first triggered a big dropoff in crypto activity, China's market has actually recovered in current months, recommending that the restriction is maybe inefficient or loosely imposed." Domination of emerging markets Chainalyisis specified that a particular pattern has actually gotten more powerful in 2021-- "emerging markets control the index." The report utilized a structure developed by the World Bank, which classifies nations based upon earnings levels and financial advancement into high-income, upper-middle-income, lower-middle-income, and low-income. What the report discovered is that "the middle 2 classifications control the top of our index." Out of the above-shown top 20 ranked nations: 10 are lower-middle earnings: Vietnam, the Philippines, Ukraine, India, Pakistan, Nigeria, Morocco, Nepal, Kenya, and Indonesia;-LRB- 8 are upper-middle earnings: Brazil, Thailand, Russia, China, Turkey, Argentina, Colombia, and Ecuador;-LRB- 2 are high-income: the United States and the United Kingdom. Users in lower-middle and upper-middle-income nations tend to depend on crypto to: send out remittances;-LRB- protect their cost savings in times of fiat currency volatility;-LRB- satisfy other monetary requirements distinct to their economies.

The report concluded that," These nations likewise tend to lean on Bitcoin and stablecoins more than other nations." Slowing adoption and healthy market principles Global crypto adoption has actually "leveled off" in the in 2015. It regularly grew because mid-2019, reached its all-time high in Q2 2021, and after that started moving "in waves," falling and rebounding from quarter to quarter, states Chainalysis. It has actually seen a drop in the last 2 quarters as the bearishness was beginning." Still, it's essential to keep in mind that worldwide adoption stays well above its pre-bull market 2019 levels," Chainalysis stated. Source: Chainalysis 2022 Geography of Cryptocurrency Report" Big" crypto holders have actually continued to hold through the marketplace slump, and, significantly, their losses are not secured regardless of their portfolios having actually declined-- just since they have not offered." The on-chain information recommends those holders are positive the marketplace will recuperate, which keeps market principles reasonably healthy," the report concluded. ____ Read More

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Argentina says no to crypto payments, France tolerates ‘finfluencers’: Law Decoded, May 1–8

Last week brought several significant international developments in regulation. Argentina’s central bank banned payment providers from offering crypto transactions, adding that it intends to reduce the country’s payment-system exposure to digital assets. While local payment providers refuse to comment on the decision, Argentina’s fintech chamber urged the government to reconsider, claiming that “it limits access to a technology that offers multiple benefits and opportunities for our society.”In France, the Senate Committee on Economic Affairs approved an amendment allowing registered cryptocurrency companies to hire social media influencers for advertising and promotional purposes. The new wording would allow companies registered with France’s Financial Markets Authority to hire product influencers.Meanwhile, Nigeria is preparing new industry regulations for digital asset platforms. The Nigerian Securities and Exchange Commission (SEC) is considering allowing licensed digital exchanges to list tokens backed by specific assets, including equity, debt and property. The SEC also aims to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers and tokenized coins issuers. The authority will not register crypto exchanges until the central bank provides clear regulations for the crypto market.White House to build international standards for DLTThe United States Government released the national standards strategy for key and emerging technologies, with blockchain being one of them. The national strategy suggests that distributed ledger technology (DLT) and digital infrastructure would increasingly impact and be widely used in the economic sector. Some key areas where these technologies will be actively tested include automated and connected infrastructure, such as smart communities and the Internet of Things. DLT can be especially useful in building cybersecurity and privacy-based features and services.Continue readingNorth Carolina House passes bill banning CBDC payments to the stateThe North Carolina House of Representatives has unanimously passed legislation prohibiting payments to the U.S. state using a central bank digital currency (CBDC). The latest version of the legislation aims to prohibit individuals from using CBDCs for any payments to the state. It also bars the Federal Reserve from using North Carolina as a potential testing ground for its own CBDC pilot. The bill will now move to the Senate, where it must pass before being signed into law or vetoed by Governor Roy Cooper. Continue readingMontana governor signs pro-cryptocurrency mining bill into lawMontana Governor Greg Gianforte has signed a bill into law essentially preventing local governments in the state from passing laws prohibiting cryptocurrency mining. The legislation effectively enshrines crypto miners’ rights in the state by revising existing laws, prohibiting discriminatory electrical rates for mining firms and not allowing taxation for crypto used as a payment method. It was introduced partly as a preventive measure in response to certain proposals in other states.Continue reading #Argentina #crypto #payments #France #tolerates #finfluencers #Law #Decoded Read the full article