Sun. Jun 16th, 2024

[Weekly Crypto Overview]: Blockchain in Nigeria Gaining Adoption.

By Tony Chimdiuto Dec23,2019 #weekly
Share this:

Last updated on July 15th, 2020 at 01:36 pm

Thank you for reading this post, don't forget to subscribe!

Join Telegram Group

This week in cryptocurrency and blockchain in Nigeria and Africa. We saw new developments like the cryptocurrency regulations in Nigeria. Also we saw more measures been created to fight crypto scam in Nigeria.

Blockchain in Nigeria

The deputy senate president of Nigeria talked about financial inclusion using the fourth industrial revolution. He encouraged the use of blockchain in Nigeria to foster bank payments and grow financial payments. 

He also encouraged the implementation if AI technology in Nigeria to foster development and accuracy in mobile payments. 

He notes that financial payments needs efficient technology to increase and process both online and offline payments.

This calls for the adoption of blockchain in Nigeria to help the government grows it’s digital economy. He commended the central banks on its policies to achieve financial inclusion.

Central Bank of Nigeria’s New Policies

Central bank of Nigeria has released new banking policies and regulations. The apex bank in Nigeria as it announced will be enforcing the new policies and regulations starting from 2020. 

One of the best banking policies released is the maximum fee charge of N35 naira for on-remote ATM withdrawals exceeding the three times limit.

This is against the previous N65 naira charged by banks for withdrawals not processed by the bank card issuer. Many other policies was announced in a bid to achieve financial inclusion in Nigeria.

The New Blockchain School in Rwanda.

Africa Blockchain Institute (ABI) has announced it will begin operations in Rwanda in 2020. This will be the first blockchain school to launch in Uganda. 

ABI is already operating in Ghana. The school will be offering five courses namely; blockchain essentials certification course, blockchain developers’ course, enterprise blockchain course, blockchain for lawyers and blockchain for impact.

Alpha Traders Pro Signals

Alpha Traders Pro will be launching it’s daily trading signals starting from 2020. This is a cryptocurrency trading tutorials platform powered by diutocoinnews. 

We have Alpha Traders where we share free legit bounties for our community to earn from. Most of our communities were benefiacries of keybase airdrop, Wazirx airdrop and some others including the coinbase crypto earn. 

Feel free to join Alpha Traders here. Moreso, last week on bitcoin news in Nigeria, we had alot of news on government’s concern in using blockchain in Nigeria.

About The Author

By Tony Chimdiuto

Content Developer | Blogger | SEO Manager | Web Administrator | Web Designer | Copyrighter | Journalist|

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Discover more from DiutoCoinNews

Subscribe now to keep reading and get access to the full archive.

Continue reading