Despite the crypto ban, a Nigerian secondary school says it will accept crypto for payments
Although cryptocurrency-related activities have been banned in Nigeria, A secondary school in the country says it is ready to accept crypto as a form of payment.” A private secondary school near Kano, Nigeria, has declared it will accept cryptocurrency payments for school fees, despite the country’s central bank prohibiting financial institutions from providing services to crypto exchanges. The director of the New Oxford Science Academy in the Kano suburb of Chiranchi, according to a Thursday report from local news site Kano Focus, will allow students to pay tuition costs in cryptocurrency. Sabi’u Musa Haruna, who began working at the institution in 2017, has pushed the Nigerian government to embrace and regulate cryptocurrency, but he appears to be moving ahead with this current action. “We’ve decided to accept cryptocurrency as school fees because the world today is tilting towards the system,” said Haruna. “We believe one day digital money […]
Bitcoin’s importance is on an entirely another level, depending upon where you live
One Nigerian clarifies the advantages of Bitcoin from an alternate point. A versatile asset, Bitcoin can wear multiple hats, including its function as a currency. One Nigerian on Twitter recently detailed how Bitcoin has helped him overcome a slew of monetary difficulties. “Growing up in Nigeria, I see #Bitcoin with a different lens than you […]