Tag Archives: overvalued

Former Microsoft Engineer Says Nigerian Expats Are Using Bitcoin To Get Around The Country’s Overvalued Exchange Rate

[ad_2][ad_1] A former Microsoft software engineer and Buycoins Africa co-founder Tomiwa Lasebikan says some Nigerian expats are now using bitcoin to bypass the country’s overvalued exchange rate when sending remittances. According to Lasebikan, the Central Bank of Nigeria’s (CBN) fixed $ 1: 380 exchange rate takes recipients away 20-30% of …

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