Crypto currencies(bitcoin been the pioneer) can and is used as a store of value accepted all over the world. The market value of 1 bitcoin as i post is about $415(N124,500).
The question now arises. How is bitcoin advantageous to a nigeria living abroad and at home?
Before answering this question, let us first look at the features of bitcoin or any crypto currency.
1 It can be sent to any where in the world in less than 10 minutes in the comfort of your home without going to the bank.
2 No 3rd party is required to send it thereby eliminating any sort of commision or fees associated with the 3rd party
3. And the good part is that it is a good store of value
Now, the advantage
1. If a nigerian abroad or at home wants to send money, that can be acheieved in less than 30mins.
2. It is also a means of getting foreign currencies like USD, EUR, GBP etc
3. you dont need to wait two days for the money to arrive.
I hope you understand now.