Entries on Mobile Money
The traditional way of struggling to be financially free is to earn, save and invest in activities or assets that generate additional money for you. While this sound simple and straight forward, it hardly go smoothly as expected, the result that have kept many ambitious people hustling throughout their life without achieving their heart desire of being financially free. Less than 1% of self-made millionaire can proof themselves using this method.
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