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Tola Fadugbagbe recalls moving to Lagos from his small south-western town 10 years ago with dreams of brighter prospects. Instead, the 34-year-old ended up in a series of odd jobs earning the minimum wage to survive – a typical story for many young Nigerians who are just trying to get by. It was not until 2016 that online adverts for Bitcoin piqued his interest and he began his cryptocurrency journey. “I started intensive research,” Mr Fadugbagbe told the BBC. “I was spending hours every day watching videos on YouTube and reading articles about Bitcoin. I didn’t have much money so I started with $100 to $200.” It was a decision that transformed his life. At the time that we spoke, Mr Fadugbagbe, who now trades full time and teaches budding investors, said he had cryptocurrency worth more than $200,000 (£140,000) in his possession.

Source: BBC Business

Date: March 8th, 2021

Link: https://www.bbc.com/news/world-africa-56169917

Discussion

  1. “Onyeka started to invest when faced with high commission charges to transfer cash between her Nigerian and British accounts. “For me it’s a banking system,” she says. “It wasn’t about making money. It was about how [to] have a better banking experience. Look at it as saving your money in a currency that can keep the value of the money.”
    Why is she wrong about “keeping the value of the money”?
  2. Why is she right about ” For me it’s a banking system”?

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