It seems a little bit of florals are beginning to plant vines back to the Nigerian social fabric and crypto space.
It was only a couple of days ago when the so not heart warming love letter rip a hole through the hearts of the crypto community in Nigeria, rolling out a memo through its Apex financial arm, the Central Bank of Nigeria restricting Crypto-USD pegged exchange organisations and individuals alike from depositing into and withdrawing Fiat money from crypto trading.
The world has gone big on cryptocurrency adoption and even multi-facet financial institutions are biting into the dip, with major e-commerce and peer to peer payment merchants like PayPal, MasterCard and Visa currently biting into the steak. It will be unwise to be blind to the huge potentials it holds for the government in outsourcing for foreign investments and developments.
Besides the Asian market, Africa happens to be the next largest demographic to gain a lot from the utility and use cases of the blockchain technology and cryptocurrency.
There is no doubt that the poverty rate in Africa with Nigeria inclusive have been so high and mooning since the last millennium and doubled with the presence of the covid-19 outbreak and lockdowns.
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