Ogas @DoubleEph and @nonso2, what stops the creation of a P2P parallel $-₦ market? No cross border transfers. Match importers with remitters
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CBN says no.
How can CBN control it? It is done everyday. "Pay me Naira in Nigeria,n account; I'll pay you dollars in US account"
@nonso2
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unless you get rid of the intermediary completely but then you have trust issues. How do you enforce payments?
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Intermediary gas dey o. That's how you make the money. I believe
@transferwise and co have such operation at the backend@DoubleEph - 2 more replies
New conversation -
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I've been thinking about it since yesterday but there is no way to scale up without running into regulatory probs
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MOST DEFINITELY. That's why it is STILL an opportunity. sabo.ng (which I just saw) can be FAAAR better executed.
@DoubleEph
End of conversation
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