Nigeria Is Emerging as a Cryptocurrency Nation. Already a Mobile Money powerhouse, Nigeria adoption of #bitcoin #cryptocurrency #bantu #bantu-pay can be an example for the rest.
Good observation sir, Nigerians are all over the place hunting, and trying to learn as much about the cryptoworld…
Some day we’ll make it big
@jacint Let the journey begin buckle your seatbelts. Together we will empower each other through value transfer by sharing.
Boss Baby. Nigeria is leading the charge in Crypto in terms of adoption. The people are ready to assume their economic sovereignty you can see that by how they have adopted alternative methods of payments through Fintech innovation and crypto adoption.
#crypto busines and technologies will be the real challengers to banks over the coming years (some are already becoming banks)
But, concerning this government ban on financial institutions assisting cryptocurrency transactions in the country… I saw it as something that made people more aware of cryptocurrency, although it became more difficult dealing, as all deals were on peer to peer basis, thus making the prices extravagant
It’s been reported that the crypto market has seen about a 27% surge of activity in peer-to-peer transactions since the CBN issued the circular reminding financial institutions in Nigeria about the prohibition in crypto-related transactions.
Cryptocurrency is here to stay. No matter what happen, cryptocurrencies will continue to be used as means of payment for goods and services, give high returns on invetment (ROI), a strong contender for money laundering, etc.
A significant number of Citizens are hell-bent on leveraging on cryptocurrencies to sustain and drive their earnings amid rising inflation and stringent access to FX liquidity in Africa’s biggest economy as it offers most of them the easiest and cheapest means of moving capital in relation to other traditional means of payments.
That’s an effect we see over and over again. Usually when there is a choke point in general on something that has momentum, that restriction build up creates pressure. It is something to be understood so it can be leveraged.
That’s very true. Crypto is there to stay.
Did you know?
Bantu is the first blockchain protocol made by Africans for humanity.
The Bantu Blockchain is an open source, where developers can come and build upon it.
Different projects can be built on the Bantu infrastructure, and these projects will be made available on the wallet.
#Bantu #Blockchain #bantu-pay #Africa is ready
A case of cause and effect