Ever since Bitcoin (BTC) was founded and introduced into the internet world, many mainstream institutions have opposed its idea. No matter how much prominence Bitcoin (BTC) has gained until now, still, the traditional financial sectors criticize its working process.
While the traditional financial sectors continue opposing it, Bitcoin (BTC) has continued expanding its jurisdiction. The digital asset has been expanding its services into different sectors and is gaining more ground by the day.
With the passage of time, Bitcoin has worn multiple hats while serving its users, as it continues offering different products. There are many sectors, which Bitcoin (BTC) is currently covering and adding more value to the industry.
This has also helped Bitcoin (BTC) observe a vast adoption rate as it keeps bringing in more users under its flag. Bitcoin (BTC) is proving to be a digital asset with several functions to offer. Bitcoin (BTC) is currently aiming to provide all the support and products to the users by adding more functions to itself.
Just recently, a Twitter user from Nigeria has gone ahead and talked about the uses of Bitcoin (BTC). He has talked about how Bitcoin (BTC) has helped solve many monetary difficulties that the country faced in the past. The user also talked about the ways and features that have helped him shape his monetary routine.
The user talked about how versatile and unique Bitcoin (BTC) is in offering different solutions and monetary alternatives to the users.
Just recently, it was Bernard Parah, the CEO at Bitnob who talked about his experience with Bitcoin (BTC). Parah stated that he was born and bred in Nigeria, so his upbringing and every aspect of life were completely different as compared to the United States.
Therefore, growing in Nigeria and dealing in Bitcoin (BTC) is much different than in the United States. They look at Bitcoin (BTC) from a completely different angle. He stated that their country has several complexities that have been solved with the help of Bitcoin (BTC).
Parah stated that there are several difficulties and complexities they have to face on a day-to-day basis. They faced several problems involving online purchases through international platforms. They could neither make an online transaction worth more than $100 nor could they purchase a PS5 or Xbox.
The only way of fighting off such complexities and obstacles was for a person to leave the country and find a job abroad. This meant that in order to gain access to even some of the most basic things, one had to do so much.
Even when a person went out of the country and had to transfer money, it would cost a lot to even make a transfer. This is where Bitcoin (BTC) made things quite easier for Nigerians by offering a simple solution.