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Despite crash, crypto surge threatens financial system


• Transactions increase by 50 per cent since CBN restriction
• Dip throwing more people into financial crisis
• Deposit mobilisation threatened as stable coins gain popularity
A serious crisis may be looming as an increasing number of Nigerian youths take to the wide-swing digital currency investment, notwithstanding a financial regulatory restriction the Central Bank of Nigeria (CBN) imposed in February.
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The CBN had, in February, banned financial institutions from handling transactions relating to decentralised digital currencies otherwise known as cryptocurrencies, numbering over 4,000 in digital circulation.
  
Findings by The Guardian show that more youths, leveraging peer-to-peer opportunities, have adopted the relatively new investment window despite the ban. Not even the recent crash that saw Bitcoin, the flagship asset, losing over 50 per cent of its price, has discouraged investors. ....

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P2P Bitcoin, Ethereum Exchange Paxful Reveals that its Digital Commerce Solutions Now Support Nearly 400 Payment Methods


P2P Bitcoin, Ethereum Exchange Paxful Reveals that its Digital Commerce Solutions Now Support Nearly 400 Payment Methods
June 27, 2021 @ 7:59 pm By Omar Faridi
Paxful, a globally accessible peer-to-peer marketplace supporting transactions with Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), reveals that its digital commerce solution has been allowing businesses and individuals to seamlessly receive and send payments. Paxful now supports nearly 400 different payment methods on its platform.
At present, the Paxful Pay service is available and lets clients pay with around 400 payment methods – exchanging into BTC that’s sent to the merchant’s digital wallet.
Businesses are able to register now so they can add Paxful Pay as a purchase option during their online checkout process. ....

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