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Having read through the thread, I don't think many in highly developed countries can ever grasp why crypto is huge in Africa. I'm from Nigeria. The Central Ban
by kaladin_1 4y ago
Having read through the thread, I don't think many in highly developed countries can ever grasp why crypto is huge in Africa.
I'm from Nigeria. The Central Bank makes all sorts of policies around inflows and outflows.
E.g. DigitalOcean just has warned me that they will block my account. I checked and realised that the MasterCard issued by my bank has stopped honouring any payment denominated in dollars.
You could pay for this few months ago. But now nothing. I don't even know how to go about it. My friend had run around just to pay for Figma.
Sometimes you have to even call friends in diaspora to make payments for you on International sites and just pay them back via crypto.
Inflow here is such a hustle.
I've used wise.com a lot and do like their services but they no longer support Nigeria.