As I stood in the line waiting for my turn to meet the cashier, I looked over the table and witnessed piles of physical currencies, some new and others mostly worn out and feeble, being counted and sorted for storage. Then I began to ponder the sustainability of physical cash for long-term value. From July 1st, 1959, when the Central Bank of Nigeria (CBN) issued Nigerian currency banknotes, until the present, Nigeria’s most common payment system has predominantly remained the Naira. According to a report by Statista, a survey carried out amongst 1,049 respondents between January 26th to March 19th,…
Author: Oladimeji Tolulope
Like any significant life decision, uncertainty breeds fear, leading to a loss in direction. What then is our compass out of fear? Knowledge has proven many times and in diverse situations to be the liberator of the human mind. Even as we seek to navigate this highly volatile ecosystem of cryptocurrency, we must arm ourselves with adequate knowledge as opposed to an attitude of fear that some have fallen prey to in the past. Let’s imagine a world where digital currencies like Bitcoin are the only medium existing for financial transactions; we would have no option, then we would realize…