It is only for the cryptocurrency friendly citizens and not for all the people in the country. Many people have called me today to have deal with them for the swapping, so I will give them cash but I told them that small cash I have is for my survival to buy little things that I can't use transaction.

I think swapping to cryptocurrency is only common to the young youth, those who are already familiar with cryptocurrency trading. I don't think those market women would go as far starting to transact with bitcoin, either to those who are not into digital currency to have the idea to immediately start using bitcoin as means of payment. As a matter of fact, I don't think it has anything to do with bitcoin transaction because, you and I are still free to send and receive money via local banks, I think the only issues there is having physical cash at hands; However, the system is still functional you can decide to use bitcoin or you can use your ATM cards for shopping and paying any amount of bills you want, besides since the cashless policies I have been using my cards for spending, like buying Fuel, food stuff, and paying my utility bill as well as paying for my movement within the city by ordering BOLT, I don't feel any stress.

Why have there been so many misconceptions in the general atmosphere even the so-called educated and enlightened citizens of Nigeria have no adequate knowledge and understanding of how a policy should work, and what to believe and what not to and the problem with Nigeria is Nigerians who are too lazy to even read the manual of the mobile device talk more of to study and understand complex subjects as regards to financial inclusion and digitialization of the financial sector and this thread have further proven that fact because what I can understand with this whole ops statements.
*Lack of adequate understanding of the concept of bitcoin adoption and financial inclusion,  because of issues in the financial sector such as the bank at this current time I don't see any role Bitcoin will perform to ease your financial condition, since you can't use bitcoin to pay for pepper,  meat and other glossaries.
*note the $43 you mentioned is actually around #31,000+ at an exchange rate of #740 to 1$ so you need to correct the figure you put in the ops unless you are just playing around with figures which are not something that is appropriate in this discussion.,
*We are in a critical time in our financial sector as the reform will bring in a new phase so we shouldn't expect the process to be automatic so we need to be patient enough and work with the system instead of creating more fuds in the already politically intense environment in Nigeria.

In my opinion, the first step that the Nigerian government must take is to be able to improve the banking system first, because very many Nigerian people use ATM machines to withdraw money.
if people are directly transferred to bitcoin or crypto assets, how do they transfer their money, while they want to withdraw the money, of course for their daily needs.

because what I know and I have learned, if you invest in an economy that is experiencing a decline, it will be difficult to develop, why?
because the money invested will definitely be withdrawn for their daily needs.

my advice, if the economic situation is weakening, it is better for the government to immediately find the weak point and continue to fix it all.

It seems ridiculous. How might someone go completely cashless without a strategy? Cashless transactions ought to be optional, not required. Still, I haven't experienced a history of a poorer nation. In any case, requiring cashless transactions does not indicate that the nation has developed. The government ought to prepare its people for such a choice. However, I don't believe it will benefit Bitcoin. Because the Bitcoin transaction is also cashless. Anyone who has access to the Bitcoin then they can use internet or mobile banking. Not much has changed, then.

I dont think crypto would have saved you on the 32minutes stress you inquired that day, why? Because even the btc transactions can sometimes take up to that amount of time mentioned especially when the number of blocks required for your transaction to be successful Has not been reached. I remember a day when I sold some of my coins but its took more than 30minute for the coins to arrive

There are businesses that do not have POS machine in their shops talk less of accepting bitcoin as payment. The new policy would have been easier if the bank apps were working, for about 3 days and counting, bank transfers have been unsuccessful and customers have been complaining online bitterly about their experience. The photos speak for themselves, the system is failing. I think this is just a piece of a larger plan to promote the E-naira.

From what I know, if institutional banking wants to work with the E-naira as payment and the use of the E-naira has to be executed through the bank's online banking activities, isn't it? If the bank's mobile application and online banking activities not working as supposed how is it possible that the concept of what is happening is just to promote the country CBDC?
I believe the cause of this is just mismanagement done by the country's Central Bank and the institutional bank in the mobile application area.

it has already resulted into massive problems in my region because lots of people are causing riots and chaos in the bank, imagine you going all around the city looking for where to get cash for your transactions and now you can find any because of the scarcity of the naira. Our politicians and government are always fund of causing problems for the masses because of the lack of strategies in their planning. Although a cashless policy isnt a bad idea but the first approach to implementing this is very poor.