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Comment By: Ayo Davies

Posted by obayomi olubowale on August 31, 2016

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"i like the efficiency"
https://instantexchangers.net

-Ayo Davies

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How Do I Fund My JostPay Wallet

Jostpay's Bitcoin Education

What is Bitcoin? Bitcoin is a kind of money or peer-to-peer payment system that is digitally created and handled through encryption techniques with transactions taking place without any intermediary. Transactions are confirmed though, by network nodes, documented in a public ledger which is called the Blockchain.
Bitcoin is also a digital or virtual type of money. Digital in the sense that, it is not printed like your Naira or Dollar. Virtual in the sense that, it is not physically felt or produced like other commodities that can serve as a medium of exchange, store of value and unit of account.
What Makes Bitcoin, Money? The same things that make your money, money; are the exact same things that make bitcoin, money. We must understand that 'money' is not limited to our fiat currencies alone. Money can be anything. Anything that can perform the main functions of money can be used as 'money'. Bitcoin can used as a ‘Medium of Exchange’, as a ‘Store of value’ and as a ‘Unit of …

Bitcoin For Nigerians

I have been trying to dig out a good & funny intro line to start this article but none seem to be coming at this time. So I'm just gonna straight to the point.

What is Bitcoin?
Bitcoin is a digital or virtual type of money. Digital in the sense that, it is not printed like your Naira or Dollar. Virtual in the sense that, it is not physically felt or produced like other commodities that can serve as a medium of exchange, store of value and unit of account. I believe we understand that 'money' is not limited to our fiat currencies alone. Money can be anything. Anything that can perform the main functions of money can be used as 'money'. As you can exchange your 1000Naira for a plate of eba and egusi soup. You can also exchange your iPhone7 for that same plate of food if you want to. Am certain Mama Kabiratu won't mind. It is satisfying the same desire.

Now, defining bitcoin technically, Bitcoin is a kind of money or peer-to-peer payme…

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Comment By: Ayo Davies

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