Bitcoin has lots of benefits as a digital form of currency, it allows faster means of transaction without outrageous charges, some other benefits include;

1. Bitcoin can be used for paying bills, shopping and making remittances on websites that accept it as a form of payment.

2. Recently, due to the increase in the price of dollars and its scarcity, most parents find it hard to remit money to their wards studying abroad but with Bitcoin, student in the diaspora can now receive fees and allowances almost instantly from their parents, Medical bills can Easily be paid for aged parents remitted within the shortest period of time.

3. Also People in diaspora can through this means send money easily to their family in Nigeria.

4. Online Investment: Trading bitcoin is just like trading forex, if you are good in it, you can make money due to how volatile the price is in the market.

5. Through use of Bitcoin, Businessmen and women in Nigeria can easily send funds to their business partners in other parts of the world without any delay or waiting for banks to process the payment.

6. Nigerians who are into freelance service delivery online such as graphics design, data analysis, article writing etc. With Bitcoin it is quite easier for the funds to be easily transferred to their Bitcoin Wallet without any delay.

With these benefit and more, it can be seen that bitcoin can be of great help in terms of fund transfer and business transaction but before trading on Bitcoin, make sure you make a lot of research on how to conveniently run your bitcoin wallet to avoid losing your money.