GTB 737 banner Yudala banner

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: 889

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 12:40:29 PM

 

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...
NNPC raises the alarm over internet contracts

APC plotting my removal — Fayose •Fingers Presidency,...

Foundation seeks court order to arrest Amaechi, Onu...

Gombe vs Bayelsa: How ex-Super Eagles gaffer Eguavoen...

Rains likely today over Abuja, Jalingo, Minna, Jos,...

Why they love Prince Tonye Princewill (Part 1)...

Ministerial screening to be beamed live --Senate

Policeman knocks head against highway barrier, dies on...

MTN set to activate turnaround plan

SS3 Student invents motorcycle

Kebbi to curb desertification with N21m

Niger Delta youths blame leaders for problems

 

Latest News War against terrorism: Buhari thanks Jordan for donation of military hardware Death tollin Mexico earthquake hits 217 Ekwueme’s daughter emerges Anambra PDP governorship running mate Northern Governors blame Igbo politicians for South-East’s woes FG desperate to Islamise Nigeria — CAN •Says Sukkuk issuance unconstitutional For the love of President Buhari, By Abdulrazaq Magaji Strike: Ngige eats humble pie, meets ULC FG seals deal with 3 firms for promotion of indigenous food seasoning, traditional soups UN General Assembly: Nigeria pushes for repatriation of stolen funds, UN Security Council seat Court remands alleged Boko Haram member in prison custody Lagos, Kaduna, Edo lead in foreign debts Security operatives to be deployed to Nasarawa public schools

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (278,308 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (260,224 views) Shameless Genevieve Nnaji exposes breasts in public (211,358 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (177,492 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (176,652 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (158,159 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (136,629 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (126,721 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (120,221 views) Lagos plane crash: Journalist releases victims’ names (111,152 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (110,323 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (102,688 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (28) Business (2,692) Business Verdict (22) Columnists (740) Complaints & Requests (93) Enterprise & Opportunities (178) Entertainment (378) Features (487) Global Business Monitor (178) International (1,542) Interviews (129) Live Commentary (28) Love Matters (73) News (28,536) Opinion (809) Pidgin (8) Politics (3,935) Religion (626) Sports (1,322) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

Manchester United vs Everton 4-0 All Goals & Extended Highlights

 

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

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!