Dealing with the Current Forex Shortage in Banks: What Businesses Need to Know

Across Africa, more and more business owners are facing a growing challenge: foreign exchange restrictions. From Ghana to Nigeria, accessing USD or other major currencies through traditional banks has become a frustrating and unpredictable process. Businesses trying to pay Chinese suppliers or international service providers are often left stranded, waiting for approvals or facing high exchange rates and long delays.

But there's a smarter and faster solution. Crypto.

Why Crypto is the Answer When Banks Can’t Help

With increasing dollar shortages and forex restrictions, businesses are turning to cryptocurrency as a reliable alternative to move money across borders, especially to China.

Using Mybitstore, you can:

• Instantly buy Bitcoin, USDT (digital version of the dollar) or other stablecoins using Mobile Money or your local bank card
• Send crypto directly to your partner’s wallet in China
• Settle transactions within minutes, even on weekends
• Avoid paperwork, approval delays, and unfavourable bank rates

Whether you're importing electronics, raw materials, or fashion goods from China or any part of Europe and America, crypto gives you control, speed, and certainty at a time when banks are falling short.

Mybitstore Supports Global Payments

We don’t just help with payments to China. With Mybitstore, you can send money to partners in:

• Turkey
• India
• USA
• Dubai
• South Africa
• And many other regions

All you need is your partner’s crypto wallet address. We’ll make sure the transaction goes through smoothly and securely.

Talk to Our International Payments Office

If you're unsure where to start or need help converting your local currency to crypto, our dedicated team is here to assist.

Call or WhatsApp Mybitstore’s International Payments Office at +233 24 978 4105. We’ll walk you through the process and make sure your international payment is fast, safe, and stress-free.