MMM Nigeria Dumps Naira, Switch to Bitcoin as payment method

MMM Nigeria Bitcoin seems to be the new payment method to be adopted, following its planned unfreezing of Mavros slated for this week, you would recall the Ponzi scheme froze over three million accounts of its participants on 13th of December last year

Similarly, the Ponzi scheme has sent several open letters to Nigeria journalist and bloggers, alleging they are masterminding the crash of the program in Nigeria, well just last week, MMM promoters issued instructions to its participants whose accounts were frozen, to perform “Promo Tasks: A New Tool for MMM Community Development.” 

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According to the message sent across to its participants, it urged its members to perform both online and offline aggressive campaign, to promote the scheme and drive “traffic and participation” against its planned come back

“Being an MMM member implies not only opportunities, but also a responsibility for the state and development of the MMM Community”

Now that MMM Nigeria has gone to Bitcoin way, could this lead to a reduction in its participants ?? better still, what lies ahead for the scheme, no doubt the new adopted currency is one of the highest performing foreign money in 2016, appreciating by over hundred percent , from about $400 per bitcoin to over $1,000 per bitcoin.

However the currency seems to have fallen to $887 as at last Friday, with China tightening principles to curb capital outflows.

mmm bitcoin

MMM Nigeria Switch to Bitcoin Payment method official statment

“as a result of the contemporary sharp price fluctuations of Bitcoin, MAVRO-BTC is being presented in the system.

“So far, we have only had Mavro-Naira in the system. Even though you provided help via Bitcoin, your Bitcoins, anyway, were recalculated into the Naira at the exchange rate at the moment of providing help, and you were credited with Mavro-Naira in your PO.

“It was the naira amount that grew. In other words, you received 30 percent a month specifically in naira (not in Bitcoins, although you originally provided help using Bitcoins).

“Now, you have a chance to have 30 percent growth of the Bitcoin amount, not the naira amount. So, acquire MAVRO-BTC which will be credited in your PO and will grow at a 30 percent monthly growth rate.

“In a month not only 30 percent will be added to your initial amount, but, it can increase itself due to Bitcoin price growth.

“And, what if Bitcoin price is going to fall? In case Bitcoin price might go down, you will be able to return to naira at any time — instantly convert your MAVRO-BTC into Mavro-Naira (and vice versa, if Bitcoin price might increase again).

“This option is available in PO. You can convert both confirmed and unconfirmed Mavro.

“We hope that with implementing MAVRO-BTC, your participation in MMM will become more comfortable!”

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MMM Nigeria Switch to Bitcoin Payment method official statment
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Samuel Oyegoke

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