Ahead of its January 14, relaunch, popular MMM Nigeria has said it is introducing Bitcoin, the 2016 world’s best performing currency, as its means of payment. The surging digital currency tipped to become a new safe haven asset as the world grapples with growing economic uncertainty, neared its all-time high on Thursday, January 5.
Before MMM froze the accounts of its members, participants were allowed to provide help in bitcoin, but they were paid back in Naira. However, the new plan allows participants to receive payment in bitcoin, and watch their monies grow in bitcoin. In a related development, MMM Nigeria has urged its users to start promoting the scheme ahead of January 14 comeback. MMM encouraged participants to perform what it called “Promo Tasks: A New Tool for MMM Community Development.”