The way I see it is pretty simple. Sad news coming from India and good news coming from Chile. I remember when China had a crackdown on cryptocurrency. It affected the price of Crypto badly and this made exchange companies like Binance relocate to other locations. At the moment Binance are relocating their Hq to Malta.
It is pretty obvious that countries will loose investment opportunities by having a crackdown on digital currency. It is the future and centralized system needs to start getting use to this change. Countries like Malta and Switzerland are attracting huge investment from the crypto world because of the friendly environment they have created for this disruptive technology.
Now let’s look at Africa most especially Nigeria as a use case. This is a big opportunity for Nigeria to key into the blockchain and decentralized application. It’s high time the govt start looking at ways this technology can help grow our economy. There is a lot we can do with this technology. I encourage schools and the education sector to key in to this tech ASAP. It should be a must priority in our system. It’s a good way to reduce corruption and create employment for the masses. This is my take on this matter based on my understanding of what I know about blockchain technology. Look at what steemit is doing in Nigeria. Steemit has given a lot of people jobs in Nigeria. This is just steemit( a social networking site with a reward system). That is like bread and beans for naija now.
You are viewing a single comment's thread from: