When I read the news that paypal has finally opened it doors to Nigerians and 9 other countries which they blacklisted, I was really excited but after the news settled in, the excitement disappeared and here is why;
In the statement released by Reuters.com, it was stated that Paypal will be opening its door to Nigeria and others countries but not on a full scale.
The account which will be accessible to Nigerian will only be able to send money or make payments but not receive.
Indirectly They finally realized that they are leaving so much money on the table for not allowing nigerians to use them and its hi time they start looting our money to their country when they refuse to allow us recieved.
As someone who has been having issues with receiving money for my products from foreign prospects who wants them, I dont see how the news affect me.
I will rather prefer they give us the access to receive first or better still give us both (send and receive).
But for people who use pay for me service, I guess they will be very excited about the news because they can finally get paypal for the same rate at which dollar sells and be able to spend their money with reckless abandon on products that interest them.
The implication in this is that people will start buying products on impulse even when they dont really need it because they can pay with few clicks.
Once Paypal list Nigeria on their website, it simple means we can fund our paypal account with our Nigerian Atm cards with mastercard logo on it.
Well for now, My fingers are crossed waiting to see how this developes.
Well this is my opinion, I will like to hear yours. Drop your comment below.