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MMM Nigeria introduces bitcoin, world’s best performing currency, in comeback plans

MMM Nigeria introduces bitcoin, world’s best performing currency, in comeback plans
January 08
13:24 2017
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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 Nigerian Naira at the exchange rate at the moment of providing help, and you were credited with Mavro-Naira in your PO,” the statement read.

“It was the naira amount that grew. In other words you received 30% a month specifically in the naira (not in Bitcoins, although you originally provided help using Bitcoins).

“Now, you have a chance to have 30% 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% monthly growth rate. In a month not only 30% 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!”

Follow us on twitter @thecableng

Copyright 2017 TheCable. Permission to use quotations from this article is granted subject to appropriate credit being given to www.thecable.ng as the source.
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21 Comments

  1. Fm
    Fm January 08, 15:37

    Please when exactly is mmm returning?

    Reply to this comment
  2. Fem
    Fem January 08, 15:41

    When is mmm coming back?

    Reply to this comment
  3. idowuadeola
    idowuadeola January 08, 16:29

    hmm, another attempt to swindle Nigerians of our hard earned money.

    Reply to this comment
    • Gotcha
      Gotcha January 08, 18:52

      Na your money?
      Why are you taking panadol for another man’s headache.
      Mind your business and don’t get involved.
      Leave people like us who like to throw away our hard-earned money to do so with all pleasure.

      Reply to this comment
      • accuracy
        accuracy January 09, 06:41

        Help me ask am if naa him money. he’s already gutted the scheme is coming back. ‘our hard earned money’ see talk o! Ur money is not even involved, n yet u already worried? Guy, make make find something do.

        Reply to this comment
  4. Teryila
    Teryila January 08, 18:26

    Like the progressive power of marvro

    Reply to this comment
  5. samzee
    samzee January 08, 20:22

    Mmm is care for your happiness and will return at date

    Reply to this comment
  6. Mtech
    Mtech January 08, 21:13

    This is a nice payment platform, it is more more easy to pay in bitcoin. Pls carry on, we are waiting for this better way of payment. Thanks

    Reply to this comment
  7. Gr8Stan
    Gr8Stan January 09, 09:01

    Great thinking, good innovation. Nice payment platform.

    Reply to this comment
  8. confirmation
    confirmation January 09, 11:48

    Yes!!! I have been waiting for this platform and mode of payment.

    Reply to this comment
  9. James Destiny
    James Destiny January 09, 13:43

    Mmm Nigeria is coming back higher and stronger. Be hopeful and pray for the sustainability of great mmm.

    Reply to this comment
  10. Lizzy
    Lizzy January 09, 21:35

    Please can some explain how this bitcoin works. I really want to know everything about it and how I can buy one.

    Thanks.

    Reply to this comment
    • lollyk
      lollyk January 10, 13:42

      @Lizzy Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

      Reply to this comment
  11. dummy
    dummy January 10, 12:06

    Your comment..for me mmm have put smile on some faces we are waitn patiently for them

    Reply to this comment
  12. piro
    piro January 10, 20:22

    Not every one known how to operate bitcons account

    Reply to this comment
  13. Rita
    Rita January 10, 21:44

    Could u pls explain more on bitcoin what is d minimum amount? How do we convert it to naira?..

    Reply to this comment
  14. samson
    samson January 11, 06:09

    I pledged to mmm my community to loyal and honest to grow with mmm and to uphold his honor and wonder so be stronger for me mmm. Love you all mmm Nigeria

    Reply to this comment
  15. chidos
    chidos January 11, 12:36

    Your comment..I nearly die but now I can smile again

    Reply to this comment
  16. Courage
    Courage January 12, 08:04

    The worst of mmm is better than the best of our government. God has destined mmm’s returns. God bless mmm Nigeria, God bless our phing and ghing

    Reply to this comment
  17. milly s
    milly s March 09, 08:21

    mmm is the way to go

    Reply to this comment

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