Good evening everyone, I am @bait002, the founder of the offline minnow school. Just in case you do not know what the offline minnow school is, it is a place where steemians are mentored and groomed at of offline hub on the campus of the University of Port Harcourt. Today, I am be bringing an update on a project that I and my team have been working on for quite some time and the need that necessitated such project.
THE NEED FOR A STEEMEXCHANGER TO OUR LOCAL CURRENCY
First, someone might ask if it is necessary to embark on a project like this, seeing that there are tons of exchange mediums where anyone could work on and have the same experience this site will be bringing. Well, maybe not the same services exactly.
Here in Nigeria, a third-world country where the whole cryptocurrency thing is this in its infancy. Considering the history and state of our economy, our positioning in terms of technological improvements across the world (such as the trending blockchain technology among developed economies). We, in order to enjoy the benefits of blockchain technology will have to go through several process of conversions with cut-throat fees/charges. A vast majority are often discouraged with these processes and would rather stay clear off the crypto markets. Hence, a need for an exchange medium that makes it possible to bypass these processes.
BULK BUYERS CAME IN
Well at some point, we had a new development which is not entirely safe by personal evaluation. We send some naira to traders here in Nigeria who will in turn send us cryptos or sometimes the opposite (send cryptos and in turn get naira). This led to a big problem, and put a lot of crypto trader in jeopardy that no one would ever want to go into crypto deals any longer. All of these factors birthed the concept of a site powered by STEEM that will facilitate crypto transactions in such a friendly environment. As we engage people in the crypto markets without any technical backgrounds at all.
So a complete novice can transact in the crypto market at the push of few buttons and with just one transaction fees.
STEEM EXCHANGER NIGERIA
Steem exchanger Nigeria is a site that makes it possible for steemians here in Nigeria to interact with the blockchain and get their rewards in real life. Most times I get phone calls and tons of text messages, asking me questions like;
• How to I withdraw my money?
• How do I invest and buy more steem?
• How much is one STEEM/ SBD? And so on.
Well, until this initiative born, I didn’t have a very clear answer that wouldn’t confuse a non-crypto expert. www.steem exchanger.ng basically makes that possible with a fewer clicks, fewer transaction charges and fewer time spent (practically less than 15 minutes).
The site is still in beta, and we are open to suggestions to bring about more improvement. We currently have served over 500 people (steemians) in less than a week. We have also been working tirelessly on feedback, fixing every technical issues and frictions. We also have a support team whose eyes are always on the radar to assist users on the site who might be facing some difficulty.
FEATURES
• A preview of a user’s steemit profile(wallet).
• Direct conversion from SBD to naira with a unique memo that serves as transaction ID.
• Options for adding a local bank account number.
• Withdrawal button that instantly credit a user’s bank account.
• History of previous transactions.
• Quick support system that facilitates resolving issues.
• Exchange rate information in naira.
FUTURE UPDATES
VERSON 1.1
• Conversion of naira to STEEM to facilitate POWER-UPs.
• Integrating other West African country (currencies).
• Integrating other African based currencies (eg. SteemExchanger Ghana)
VERSION 1.2
- Options for a few more African local currencies will be added
- A live chat that will facilitate support
- A forum containing user testimonials
With time we will be integrating more features and the updates we will be bringing will be in order of priority. First, we integrate the option that will enable investors come on the blockchain (POWER-UP) with their naira which they will in turn convert to steem.
HOW TO USE www.steemexchanger.ng
Below is a presentation on how to use www.steemexchanger.ng from the very first step to the last one.
That is all on the how-to. If you feel something is still unclear, free to contact us on [email protected]
FEEDBACK
If you have any questions or contributions you would like to suggest to us on how to improve use experience on the site, feel free to send your messages to us on @gmail.com
Currently we have over 500 users who have enjoyed the services offered on www.steemexchanger.ng and would like to hear what your experience was like. And if you experienced any technical issues or delays ensure to contact our support team on www.steemexchanger.ng or mail us at [email protected]
This is wonderful to see what we can plug to steem blockchain to help your community.
It will go a long way.
Alot of pics to show how much we can do to help more.
We are glad to have something valuable to integrate to the blockchain. We stand with the vision behind blockchain technology @pouchon and steemit in particular.
This sounds like it will be super helpful!
Are there any money transmitter laws you have to consider like we deal with in the United States? Are you working with lawyers to ensure you won't get in trouble later with the approach you're taking?
Also, you should probably change the logo and color scheme to ensure people don't get it confused with steemit.com. The logos is under copyright so they have to protect it to protect the steemit brand.
There are no actual laws regarding transactions as such here in Nigeria. The site works in such a way that avoids any issues relating authorities. And about the logo, we're currently working on it @lukestokes
Quite obviously, it would be helpful to have this for USD. @bait002, ready to go global?
Definitely @liotap
What a powerful site and initiative running off of our Steemit platform, thanks a lot for sharing this ingenuity with us all! May the force stay with you and us all in this endeavour. It ought to be a GREAT success!
Namaste :)
Thank you @eric-boucher, it's a great pleasure to us put in our best to ensure that the vision benefits everyone. More will be coming from the minnow school crew.
This is awesome, am from Uganda and would love to set up an exchange too.
Is it okay if we get in touch on discord,i use this same name!
That would be great @jaraumoses you can hook up with me on discord or steemit.chat, I use the same name. You may also contact @bennji or @atare
This one of the best initiatives I've seen in the Nigerian community. Thanks @@@bait002 and team
Thank you @meemee for the words. We're pleased to see that steemians benefit from what we offer
This is amazing. Great job.
Thank you @confychris. We hope you check the website out
This one of the best initiatives I've seen in the Nigerian community. Thanks @bait002 and team
I so much appreciate you for posting this. Thanks so much. keep up the good job!
Resteem!!
Thank you sir @k-banti, we are glad you find this helpful
This is pretty amazing!
Thank you 😃!
I think the future of crypto is bright one. Thanks for sharing this. It looks like it has the potential to help alot of people.
It is surely a bright one indeed. All we need to do is keep the fire burning.
The users from Nigeria will surely be benefited from it , no doubt. Great job for the local community and great job for the steemit.
Thank you @hafiz34, we will do our best to bring more value to the blockchain. Thank you for stopping by!
I so much appreciate you for posting this. Want more like this..
Thanks so much. keep up the good job!bait002 (53)
@arrakib012 we're ever ready to serve for the betterment of the community
Nice job man !! Thanksss
Thank you for the compliment @orelmely
OMG. Nice work bro
Thank you @maduprecious
Very impressive, @bait002! I'm so proud of you, and the progress you have made! You and your team are really ground-breakers in Nigeria, and a lot of people are going to have access to a better life because of your tireless efforts. I'm so glad you are having the success you so greatly deserve. Keep on, Brother!
I've upvoted and resteemed this article as one of my daily post promotions for the @mitneb Curation Trail Project. It will be featured in the @mitneb Curation Trail Project Daily Report for 29 JAN 2018.
Cheers!
Thanks ma'am, what we do gives a whole new sense of purpose to most of us. Believe me, most if this wouldn't have been possible if you weren't there when it all began.
Wow, @bait002, that's really great to know that I was encouraging and helpful for you guys. I am always supporting you in prayer as well.
Cheers!
Thanks ma'am
Of course! @bait002
Cheers!
This would surely be a great help to the whole community! @bait002
Thank you for your believe in this innovation @yourlovelyness
This is just so wonderful @bait002 and it will be really helpful.
thank you for the interest in the ptoject @starvic
Wow this is a nice project will be. Help ful for nigerians
we believe so too @etemi and thanks for the believe
Simply innovative! Wow!
I have always thought of a platforn like this but mehn, you guys took it off like professionals.. Good job!!
thank you for the compliment sir
This is ingenuity at its peak, more grace
thank you sir
What a great idea @bait002.. But you should know the main issue is safety.
So is it safe??
Very safe sir
I love this.... It's about time Nigeria fully embraced this game changer.
Thank you bro, we hope to keep serving the community better