Entries on Mobile Money
When I read briefly on my mobile phone about the CBN decision to commence penalizing people engaging in cash transaction by charging some percentage on such money, I felt unconcern, since for long I personally have being discouraging such act where substantial amount is involved in any transaction I am part of. But the need to further get full details came up when people who are ignorant and are not aware of the rules and regulations behind it nor the benefits of such policy are taking it to be a way of frustrating the masses, which is not so.
In 2008 whitepaper written by the pseudonymous Satoshi Nakamoto introduced the concept of bitcoin, and the design principle behind bitcoin is: A purely peer-to-peer version of electronic cash [which] allow online payments to be sent directly from one party to another without going through a financial institution. Now bitcoin are producing billionaire every day