Nigerian E-commerce Firm Ready to Accept Bit Coin

The Managing Director of KAVWIN Nigeria Limited, Dayo Okewole has said, his company is the first e-commerce company accepting payment in Bit coin, TBC and other crypto currencies.

He said, “Like any other e commerce company, you can shop on our website, paying with the Crypto currencies.

“Crypto currencies are decentralized currencies that are presently making transfer of money easier globally. There are countries of the world like Japan that have legalized as there national legal tender. In countries like United States, you can spend your TBC in different shops, there is ATM around the world where you can cash in or cash out Bit coin…

“Right now Nigeria banking community are working to see modalities were Crypto currencies can be acceptable in Nigeria”.

“Crypto currencies has wallets and those wallets are mobile wallets, they are Internet baths, they are not actually tangible. They are virtual wallet that you can use to do your transactions. Crypto currencies help us to capture with trendy events with the tech world globally. Catching up with trendy events is very important for Nigerians”.

“In other part of the world, lot of things are done with bit coins, for Nigerians not to be left behind, we have come up with this opportunity so that Nigerians can catch up with trendy events…

“The way you cash funds from your bank is the same way bit coins work. Crypto currency is growing in value, has the acceptability is growing; they grow in value as other currencies grow. If you buy Bit coins last year, I think bit coins was sold for 700 dollars to a Bit coin but today Bit coins sell at 1,300 dollars to a Bit coin,” he said.