Re:Nigeria bans ATM cash withdrawals over $225 a week to for...
by walterbell on Wednesday December 07, 2022 @03:26AM
(#33891982)
> I have to resort to using cryptocurrency to pay for my websites and domain names
How do people typically convert from local currency to cryptocurrency? Is Bitcoin the most popular cryptocurrency? Are there not relatively high fees for conversion from cash to crypto, or to use crypto as payments for smaller transactions?
Re:Nigeria bans ATM cash withdrawals over $225 a week to for...
by boeingUH60 on Wednesday December 07, 2022 @03:57AM
(#33892185)
I use Binance. The fees are pretty high and most times not worth it for small purchases, but then I have no other choice.
Because of how reckless they’ve managed our economy, banks are finding it difficult to access foreign exchange. One consequence is that I can no longer spend the equivalent of more than $20 per month from my local debit card on payments, so I have to resort to using cryptocurrency to pay for my websites and domain names…this is a horrible law set by a clueless government that just wants more control over citizens but won’t fix simple things like electricity and roads.