Navigating Payment Challenges: How Super Supports Nigerians Earning in Crypto

It was end of the month(pay day), and I could literally feel the heartbreak my friend was experiencing when I came visiting but I pretended like I was not even noticing his presence…because I know it’s still the same payment issue we often experience whenever our little precious dollar is about to “land” (lol).

Our story is not unique, because we are not alone in the struggle…many Nigerians who earn in crypto face the same payment challenges too.

It’s not that there are no different ways to send money from the USA to Nigeria, the problem is that the current numerous solutions we have are not all easily accessible. This is as a result of several reasons, from P2P market’s high fees to lengthy transaction times, and then to security risks…sometimes I even used to question my financial future because of this.

However, recently, I and my friend discovered a better solution called “Super” which wiped away our tears and that of many Nigerians earning in crypto; who are also testifying. This is even why I’m much inspired to share my insights on this topic, so, stay glued!

I will be discussing the challenges Nigerians faces in off-ramping crypto earnings to Naira via P2P and accepting USD payments, and how Super helps solve them all.

This is my outline of all I will be talking about;

• The challenges Nigerians faces in off-ramping crypto earnings to Naira via P2P and accepting USD payments
• - The help of some payment methods as solutions
• - The best solution found; Super
• - Why you should go for Super
• - Conclusion
• - Sources

The challenges Nigerians faces in off-ramping crypto earnings to Naira via P2P and accepting USD payments

In a country where the economy was struggling, and the currency was dwindling in value, Nigerians turned to crypto as a beacon of hope; becoming the second-highest adoption of crypto in the world, after India. But, the government had other plans. In 2021, the Central Bank of Nigeria (CBN) banned digital currencies, citing concerns about financial stability and security.

But, Nigerians were desperate for a way out. Naira was losing value, and the economy was in shambles. Crypto was the only way to survive. As Nobel lecture; Wole Soyinka, once said, “The Nigerian condition is a metaphor for the human condition.”

Despite the ban, Nigerians continued to trade in crypto. But the journey was treacherous. From day 1, they faced numerous challenges:

• High fees and long processing times
• - Limited payment options
• - Strict regulations
• - Risk of payment rejection or reversal
• - Off-ramping crypto earnings to Naira via P2P was like navigating a labyrinth
• - Accepting USD payments was like climbing a steep mountain.

But, Nigerians persevered. They found ways to dodge the ban, using VPNs and other tools to access crypto platforms. They formed communities and supported each other, sharing knowledge and resources, until fortunately, the ban was finally nullified.

As crypto enthusiast, Tony Emeka, said, “Crypto is not just an investment, it’s a means of survival for many Nigerians.”

But, challenges persisted…

Off-ramping crypto earnings to Naira via P2P was now the daunting task, with high fees and long processing times. Accepting USD payments was even harder, with strict regulations and limited payment options.

The Help Of Some Payment Methods As Solution

Western Union

Western Union is a well-established global money transfer service that allows users to send funds from the USA to Nigeria. Recipients can receive funds in Nigerian Naira (NGN) or US Dollars (USD). Western Union has a rich history dating back to 1851, making it one of the oldest money transfer services in the world.

However, using Western Union can be like navigating a labyrinth — you’ll face high fees, unfavorable exchange rates, and a slow transfer process that’ll leave you feeling frustrated and exhausted. Imagine waiting in line for hours, only to be told that the transfer didn’t go through… again.

MoneyGram

MoneyGram is another prominent money transfer service that enables users to send funds from the USA to Nigeria. Recipients can receive funds in NGN or USD. MoneyGram has a vast network of agents, with over 350,000 locations worldwide, making it easily accessible.

But, using MoneyGram can be like trying to solve a puzzle blindfolded — you’ll encounter high fees, limited payment options, and strict regulations that’ll make your head spin. Picture this: you’re trying to send money to your family in Nigeria, but the agent is insisting on a specific document that you don’t have… talk about stress!

TransferWise

TransferWise is a fintech company that provides international money transfers with low fees and competitive exchange rates. Users can send funds from the USA to Nigeria, with recipients receiving funds in NGN or USD. TransferWise uses a peer-to-peer matching system, which reduces fees and ensures better exchange rates.

However, using TransferWise most times can be very uncomfortable — you’ll have to navigate a complex website, and the recipient needs a bank account to receive the funds. Imagine trying to explain cryptocurrency to your grandma… it’s like that!

The Best Solution Found; Super!

While in all these jumble, Super emerged as our promising savior which stands out as the best option for sending money from the USA to Nigeria, you can imagine that joy!

Talk about Super, talk about maintaining your steeze!

Super is the No.1 platform that offers a seamless and efficient way to send funds from the USA to Nigeria, with competitive exchange rates, low fees so low that they’re almost nonexistent, and fast transfer processing. Super’s platform is user-friendly, and recipients can receive funds in NGN or USD, with the option to convert to other cryptocurrencies.

Imagine having complete control over your funds, choosing how and when you want to receive them. Whether you prefer USD or direct deposit into your local bank account, Super’s got you covered. Plus, automation features make invoicing a breeze, streamlining your financial workflow like never before.

But that’s not all! Super’s lightning-fast verification approval and swift transaction processing times ensure you get your money quickly and securely. No more waiting around for days or weeks, no more hefty fees eating into your hard-earned cash.

listening to Bisola (CEO of Super), talk in a podcast he posted in his X updates, I could feel the revolutionary vision he has for Nigeria… he was narrating his own rough journey in this payment issue and all that eventually brought this phenomenal idea of creating Super. He further explains how delighted he feels to see Super users testifying of how Super has really been a game-changer for them; and promises to build more incredible experiences in Super for them.

This is what any Nigerian earning in dollars shouldn’t miss!

Why You Should Go For Super!

Super got it all!

Talk about;

Speed.

Security.

Complete control.

Very low fee.

Accessibility and easy navigation… name them!

Imagine the blissful experience of receiving your payments from the USA to Nigeria in minutes, with negligible fees and complete control over your funds. No more waiting for days or weeks, no more hefty charges eating into your hard-earned cash.

I’m making use of Super and with all confidence I can assure you that with Super, you can fund your dreams, support your loved ones, and grow your business without the usual payment hassles. It’s just like having your own personal payment assistant, working tirelessly to make your financial life easier. Don’t fade!

Conclusion

After carefully reviewing numerous methods, it’s unquestionable that Super stands out as the best platform for sending money from the USA to Nigeria. Factors such as cost, speed, reliability, convenience, and security all solidify Super’s position as the optimal choice.

So, don’t let payment worries hold you back anymore. Go for Super and experience the power of seamless international payments. Registration is completely free and there are no monthly or annual fees. Register now(trysuper.co) and start building the future you deserve!

Sources:

https://www.wsj.com/finance/currencies/crypto-gets-blamed-for-a-real-life-currency-crisis-e3e3b343

https://trysuper.co/blog/how-to-send-money-from-the-usa-to-nigeria

https://www.chainalysis.com/blog/2023-global-crypto-adoption-index/

https://clubswan.com/blog/cryptocurrency-in-nigeria-challenges-and-opportunities/

https://punchng.com/operation-rescue-naira-fg-plans-strict-rules-for-57bn-crypto-business/#:~:text=In%202021%2C%20the%20CBN%20had,a%20reversal%20of%20the%20policy.