This is interesting for Bitconin Nigeria; Tim Akinbo has great stats.
While
@TransferWise was shutting down transfers to Nigeria, Nigerians traded#bitcoin worth 7.4m over the last 4wks.
He added:
Over 90% of that volume are remittances to Nigeria. Two weeks ago, it hit a weekly all time high of ?2.9m
This is just a start but certainly the banks will wish they are getting the fees associated with the inter-boundary money movement. Even Western Union may not be very happy with Bitcoin.
