For many years now Nigeria don emerge as one of the global leader for adoption of crypto, which Nigerians don use ham tackle so many economic related issues wah dy we country, e for really good say our government com creates ways wah person go fit dy use crypto dy buy things for places like supermarket,malls,and even to pay school fees, e for really make sense with d wah individuals for we country don get knowledge about this crypto how ona see ham naw
Yes, you are right. Currently, the use of crypto is seen in many places in our country. Which is really a matter of pride. Our country is trying to keep pace with the big countries of the world. This progress will gradually help our country establish itself as a world-renowned country. Due to the use of crypto, inflation has now decreased in our country. It is becoming possible to deal with major problems like the problem of receiving money from abroad.
Now if the government creates a legal and regulatory framework so that crypto can be used in daily life, its use will increase further. Also, people will learn to use crypto seriously. International transactions will be easier. New entrepreneurs will be created with the help of the government. Which will make an important contribution to addressing the economic problems of our country.
But since crypto cannot be easily controlled. If we consider it from that perspective, the risk of fraud and scams can increase a lot. The government has to play an effective role against these frauds and scams. Also, the fluctuation in the price of crypto can create problems in the general payment system. So it may not be as much as we expect. Because I think the government will first work on the regulatory framework, and then gradually start with stablecoins.
It is true that we will soon see crypto trading systems in different parts of the country.