Dorcas Agbogun

<h1>However, the potential of Bitcoin and cryptocurrency in general is at its infancy and still faces major obstacles. In Nigeria, the situation is very complicated. </h1>

Despite ranking number one in Africa in peer-to-peer Bitcoin payments, Nigeria still remains an unclaimed territory for cryptocurrency.

In this article, we look specifically into three barriers of Bitcoin adoption in Nigeria.

Bitcoin suffers a negative perception in Nigeria, seen mostly as either a ruse or a financial venture not to be trusted.

For many, these skepticism can be traced to their real experience with ponzi schemes, fake cryptocurrency programs and the prevalence of internet fraud in the country. Unfortunately, in many of these fraud cases, there is a lack of education and sometimes desperate greed on the victim’s part.

And now, Self-regulatory bodies like Stakeholders in Blockchain Technology Association of Nigeria (SIBAN) are taking up the responsibility to ensure consumer protection against scammers.

For a lot of users in the cryptocurrency community, there is only a motivation to accumulate Bitcoin only for its speculative value without an intention to actually spend it in everyday transactions.

This is because the number of spending options for a currency like Bitcoin that is not yet widely accepted in commercial points can be pretty slim. Leaving Bitcoin owners to mostly engage in peer-to-peer exchange without exploring its commercial versatility.

With cryptocurrency startups like Patricia building and multiply Infrastructures within the country that encourage seamless e-transactions like <a href="https://mypatricia.co/cards/">Bitcoin debit cards</a>, <a href="https://business.mypatricia.co/">Bitcoin payment gateways</a> and simple solutions like <a href="https://mypatricia.co/refill/">Patricia Refill</a> which allows bitcoin owners buy data, airtime and pay bills, we can expect to see a mass adoption of Bitcoin as a real means of commercial exchange.

Although Bitcoin boasts of the convenience of being entirely online without a third-party gateway, accessibility is still one important quality for mass adoption to happen. In this case however, Bitcoin accessibility refers to how it can quickly be converted to cash on demand. As an asset, investors in Bitcoin need the assurance of quick convertibility.&nbsp;&nbsp;

This is one reason why Patricia launched its Bitcoin-to-Naira ATMs, its Naira Debit Card for Bitcoin owners, and a payment solution which allows business owners to receive Bitcoin from customers and get settled in their local currencies.

Notwithstanding the barriers, the future of Bitcoin in Nigeria looks much brighter than ever before.&nbsp;

And through public education, providing secure exchange platforms and most importantly, innovatively integrating practical daily activities with cryptocurrency use, Patricia, Nigeria’s biggest cryptocurrency company is certain that a revolution is certainly around the corner.

Curious about how you can adopt Bitcoin in your daily transactions? Visit <a href="https://mypatricia.co">mypatricia.co</a>.

*This is a featured post.

Barriers against early adoption of Bitcoin in Nigeria

Now boasting 11 years in existence, Bitcoin continues to grow - challenging the traditional financial system and championing a new era in currency.

<h1>However, while the app is like a one-stop plaza for all things cryptocurrency, Patricia continues to expand its features so users have more to experience and in September, announced its newest features, Patricia Business and Hank, both accessible exclusively via its app.&nbsp;</h1>

Patricia Business, a cryptocurrency payment gateway developed with the goal of expanding the commercial use of Bitcoin in Nigeria, makes it easier for businesses to receive bitcoin payments from their customers, while getting settled in their local currency.

Often priding itself in its commitment to building user-centric products and practical solutions, the release of this product is no doubt a giant step by this Fintech company as Patricia Business has the potential to transform Bitcoin use in Nigeria from its current high numbers only in&nbsp;peer-to-peer lending to everyday use and acceptability.

However, for Patricia, innovation has no borderlines, and the company will continue to invent as far imaginativeness takes them. This is especially true with the earlier-mentioned release of Hank, a bluetooth and location-enabled device designed to help Patricia users find their missing phone, wallet or gadgets at the push of a button.

Connected to your mobile phone, Hank will make your device ring even on DND to help you easily locate it when it goes missing. Hank can also be easily attached to a bag, wallet or other personal gadgets, and will help you quickly find the tagged items, when lost, by letting off a loud high pitched sound and flashing LED light that can be triggered from your Patricia app.

This exciting new lifestyle device comes in four different looks - Hank Luxury, Adventurer, Candy Floss and Black Panther to give every user a design&nbsp;that suits them.

More than cryptocurrency: Here’s how the Patricia app is a digital  experience all on its own

As Patricia continues to innovate and build new everyday solutions for its users to explore, its primary quest remains simple: to champion cryptocurrency revolution in Nigeria.

Want to learn more about Patricia’s new features?

<a href="https://mypatricia.co/hank/">Hank</a> and <a href="https://business.mypatricia.co/">Patricia Business</a> are available for preorder and early access by signing up on <a href="https://mypatricia.co/">mypatricia.co</a> today.

More than cryptocurrency: Here’s how the Patricia app is a digital experience all on its own. [healtheuropa]

In the crypto-trading and bitcoin space, Patricia is a brand that has risen very quickly in just three years, offering users a seamless way to acquire, store and spend bitcoin.&nbsp;

<h1>From his amazing performance at his Lagos concert in December 2018, it’s easy to agree that Burna Boy deserves a place on one of the world’s biggest music stage, the Coachella Festival.</h1>

But this “African Giant” won’t jump miserably at the opportunity. If he’s going to travel across the Atlantic to hold a mic at one of the most prominent appearances of his career, then it better be like he imagined.

You see, the story is, the Coachella 2019 Lineup was announced and this music star who was one of the most remarkable acts of 2018 was unhappy about the tiny font size used to display his name on the banner.

Coachella 2019 and Burna Boy’s grief: Is African music industry underrated?

Coachella 2019 and Burna Boy’s grief: Is African music industry underrated? Coachella 2019 and Burna Boy’s grief: Is African music industry underrated? Coachella 2019 and Burna Boy’s grief: Is African music industry underrated?

So he demanded via his Instastory that Coachella organisers fix things.

And after what was a derogatory reaction from Nigerians on social media, he published another Instagram story to explain the reason for his angst.

Now, while it’s easy to quickly dispose of Burna’s protest as an egoist’s demonstration, it would cause us no harm to give it some thought to at least assess its validity.

Is African Music and Creativity Disrespected on the Global Stage?

It’s normal for people today to quickly pull out the racist card in their defence whenever they want to prove a point. However, not everything happens because a person is black or white.

Matter-of-factly, Afro music has come a long way in recent years, with a growing acceptance across the world. We have witnessed collaborations between our African stars and some of the biggest artistes from across the globe.

These achievements are worth celebrating, and points to even bigger feats to come.

In fact, having Mr Eazi and Burna Boy as part of the lineup for this year’s Coachella is yet another trophy for the African music industry.

Yes, we admit it would have been a greater win for us if our own was selected to be one of the major acts for the year.

However, why that hasn’t happened yet is not something to scrutinize through the slightly tinted lenses of racism. There may be a more objective interpretation to it.

A Larger Font - Yay or Nay?

Firstly, “Giant” or no giant, there are some other few things that need to be considered before you are awarded the grand medal of a larger font.

How much record sales has Burna Boy? What is the current level of popularity for his type of music? Is his social following huge?

With a look at these figures behind each of the artistes for Coachella 2019, it may be safe to say Burna’s place on the banner may have been influenced by statistics than by skin colour.

So perhaps a more worthy protest our Burna could have picked up is: What will it take for us to be better noticed? How can we claim more seats at the global table?

Or do we build our own table and invite the world?

If you ask me, that’s exactly what all our African music giants have been doing for the last few decades.

And we’re almost there. Hang on, OluwaBurna.

Written by Dorcas Agbogun

You see, the story is, the Coachella 2019 Lineup was announced and this music star who was one of the most remarkable acts of 2018 was unhappy about the tiny font size used to display his name on the banner.

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Dorcas Agbogun

Articles written by the author

Barriers against early adoption of Bitcoin in Nigeria

More than cryptocurrency: Here’s how the Patricia app is a digital experience all on its own

Coachella 2019 and Burna Boy’s grief: Is African music industry underrated?