Shell Nigeria Yudala
MMM opts for Bitcoin as countdown continues for resumption of Nigerian operations

By News Express on 09/01/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 584

MMM Nigerian Promoter Ernest Mbanefo.
MMM Nigerian Promoter Ernest Mbanefo.

 

MMM Nigeria, popular Ponzi scheme, has introduced Bitcoin, the world’s best performing currency, as part of its mode of payment in its comeback plans.

The Ponzi scheme, which froze accounts of participants on December 13, 2016, is preparing to return, and it is throwing up a number of plans to get its community active again.

Bitcoin, the increasingly popular cryptocurrency or digital currency, was the best performing currency in 2016, appreciating by more than 100 percent in 2016, from about $400 per Bitcoin to over $1,000 per Bitcoin.

Prior to the freeze of MMM, 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 statement to participants, MMM said “due to the recent sharp price fluctuations of Bitcoin, MAVRO-BTC is being introduced 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!” (Daily Sun)

Source News Express

Posted 09/01/2017 05:40:29 AM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Dana Air shut Dana over safety issues •Associated...

Ex-OAU students’ leader confirms ritual killings in Ile-Ife...

TUC boss rues negative impact of oil theft,...

NSCDC arrests 13 suspected vandals

2015: APC Governors set for showdown with Buhari,...

Cloudy weather, thunderstorms to dominate today’s weather, with...

Imo widows curse Governor Okorocha

MTN Nigeria delves into healthcare business

Vigilante arrests 3 suspected kidnappers

Ghanaian cedi now one of the world’s worst-performing...

Amnesty International, Nigerian Army duel over Shiite massacre...

Okonjo-Iweala clears the air on N3 billion presidential...

 

Latest News Obiano swears in 21 Anambra transition chairmen and councillors FG establishes second female prison Presidential Aide calls for calm over attacks on Nigerians in India Herdsmen strike in Cross River; kill native Dickson signs Bayelsa education bills into law; appoints Prof. Isoun head INEC Chairman elected President of ECOWAS Network of Electoral Commissions Civil Defence arrests suspected 11 oil thieves, destroys 29 illegal refineries 13 seized vehicles not Senator’s: Customs Ambode has made me proud — Tinubu Troops attack Boko Haram hideout, foil ambush Modular refineries: NNPC unveils plan to organise Niger Delta youths into consortia Protesting workers allege massive fraud in Information Ministry, demand Lai Mohammed’s sack

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (235,628 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (214,005 views) Shameless Genevieve Nnaji exposes breasts in public (177,954 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (162,168 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (151,376 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (133,606 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (116,847 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (115,790 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (103,383 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (100,448 views) Lagos plane crash: Journalist releases victims’ names (98,919 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (93,563 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,501) Business Verdict (14) Columnists (657) Complaints & Requests (83) Enterprise & Opportunities (143) Entertainment (293) Features (413) Global Business Monitor (144) International (1,318) Interviews (116) Live Commentary (28) Love Matters (49) News (22,840) Opinion (669) Pidgin (8) Politics (3,628) Religion (496) Sports (1,246) Stock Watch (15) AMA & Al Jazeera Global Update

 

 

JAMB Sale of 2016/2017 UTME/DE applications

 

CBN Advert

 

Certificate Controversy: Dino Melaye celebrates as Vice Chancellor confirms he graduated...

 

APO Newsbreak logo

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!