Category: Nigeria

Blockchain and crypto will challenge current finance, Nigeria VP says

Blockchain and crypto will challenge current finance, Nigeria VP says

Yemi Osinbajo sees potential for crypto and blockchain. 34767 Total views 51 Total shares Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain.  “There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge […]

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‘Cryptocurrency is not legitimate money,’ says Nigeria’s central bank governor

‘Cryptocurrency is not legitimate money,’ says Nigeria’s central bank governor

Godwin Emefiele, governor of the Central Bank of Nigeria, has defended the apex bank’s decision to ban banks from servicing cryptocurrency exchanges in the country. Appearing before a joint Senate Committee on Banking, Insurance and Other Financial Institutions; ICT and Cybercrime; and Capital Market, Emefiele remarked that the CBN ban was in the best interest […]

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Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch

Xend Finance will allow credit unions and cooperatives to earn interest on deposits by converting them to stablecoins. Feb 9, 2021 at 2:00 p.m. UTCUpdated Feb 9, 2021 at 2:52 p.m. UTC Binance-Backed DeFi Credit Union Platform Secures Partners, Funding Before Launch Xend Finance, a Nigeria-based decentralized finance (DeFi) platform for credit unions and cooperatives, […]

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