Post
Topic
Board Nigeria (Naija)
Merits 2 from 1 user
Re: Will cryptocurrency ever be considered an asset for loans in Nigeria?
by
CryptopreneurBrainboss
on 02/07/2025, 22:14:16 UTC
⭐ Merited by Joy_learns_crypto (2)
Hello friends, do you think Nigerian banks and other related bodies will ever consider categorizing Cryptocurrency as an asset that will make people eligible for loans? I read online that that is a move been considered already by countries like the United States.

We don't need the traditional banks to start accepting crypto as collateral when we already have have different platforms relating to crypto that offers that service. You can use your crypto on exchanges to take loan and also on some other platforms that offer such services. Nigerian banks might not want to adopt this but crypto isn't localized so we can always take our loans on the loan giving platforms that accept crypto. Crypto is a universal currency so any thing we want to do with crypto, our focus should be universal and not just limited to the Nigerian spaces unless we're doing local trades.