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## Hello, everyone.
![photo-1556742059-47b93231f536.jpeg](https://files.peakd.com/file/peakd-hive/offia66/23wgSTTA7xoyWkBdJGqUrNf8NE2kg5SP8xD2Br4oSffxUd2a4YvRs8gV1miFxKFNS2a1x.jpeg)
[source](https://unsplash.com/photos/oNm9NkTFLfA)

I welcome you all to my blog today. Cashless transactions are indeed the best, but not when they are forced on a person. It is no news that the Nigerian government has forced us all to go into carrying out cashless transactions; we now use transfers from bank to bank to pay for goods and services rendered.

The central bank of Nigeria issued a new naira note, which they say is in circulation, but till date we still suffer from a lack of cash, and we are left wondering where the cash they said was in circulation could be. This resulted in the drastic limitation of one's withdrawal limit. Every individual in my area is only allowed to withdraw 10,000 naira ($21.7) a day.

The country suffers from recession, and such a little amount won't be enough for a family; every day there's a long queue at the bank. Imagine the stress people go through just to get their own money. People who manage to have cash now sell it at a very high rate (they give you little cash and you transfer more than what was given to you). The other day I transferred 5,000 naira ($10.86), but I was given 3,000 naira in cash ($6.51). You can see how much pain we are passing through.

With what's happening right now, I tend to love cryptocurrency even more because there are no third parties involved and you can get your money whenever you want with no questions asked. The new currency notes are not in circulation, and they banned the old currency notes without considering what people would have to go through.

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<div class="phishy"> The Effects of a Forced Cashless Policy </div></center>


![photo-1571867424488-4565932edb41.jpeg](https://files.peakd.com/file/peakd-hive/offia66/23wgU18buXLHChqdH62ZGEXXdu1p6xmtepLzdigMkh4iH5HqcJXLWL2mJk3rXaADNBMUe.jpeg)
[Source](https://unsplash.com/photos/QiPe0UpC0_U)

We were left with no option but to go into cashless transactions, and now, due to the low circulation of cash and inability to attend to basic needs, a lot has been happening lately, including;

- **Riots:** Citizens are rioting against banks and setting bank buildings ablaze. They are now destroying people's properties and whatever they find on the street.

- **Fights:** In areas where there have been no riots yet, citizens have made it a daily routine to fight in order to get cash. I saw viral videos where people even went naked in banks just so they would be given cash, but even after that, nothing happened.

- **Inability To Pay School Fee:** My baby sister was sent home from school because her school fee has not been paid. My dad wanted to pay through a transfer, but the school principal has not been on the job for days now.

- **High Charges For Cash:** Due to the scarcity of cash, those who are in possession of it now sell it for a high price, especially for mint.

In a nutshell, from the look of things Cryptocurrency is the future as it gives us the liberty to access our funds without needing the permission of a third party.

**Thanks for reading.**


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