There was euphoria at first with the blockchain technology, but prudence first to observe as the cryptocurrencies such as Bitcoin and Ethereum, its potential is much broader than the confines of electronic money, more so in Nigeria. A country beleaguered with endemic shortages of trust, efficiency, and transparency in nearly all aspects of life, Nigeria … Read more
Negotiating the Digital Frontier: How Nigerian Banks are Preparing for the Cryptocurrency Boom The cryptocurrency boom, which had been a world-wide phenomenon and had captured the eyes of everybody everywhere, ranging from investors and technologists to regulators, had been an intriguing test and challenge to the traditional banking system. Nigeria, a country that has witnessed … Read more
The Nigerian Cryptocurrency Rollercoaster: A Ride of Bans, Reversals, and Growth by Regulators Nigeria is among the countries easily cited as the cradle of a thriving entrepreneurial economy and fast take-up of technological innovations and has had a completely unbalanced and stormy reception of the newest reality of cryptocurrencies. From initial hype and widespread adoption … Read more