Tuesday, November 30, 2021
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Founding father of Africa-Centered Media Agency Urges Continent’s Governments to Embrace Crypto – Defi Bitcoin Information

The founding father of Africa-focused media and funding firm Footprint to Africa, Osita Oparaugo, has urged governments on the continent to embrace cryptocurrency.

Africa Should Not Be Left Behind

Osita Oparaugo, founding father of Footprint to Africa, has argued {that a} well timed embrace of cryptocurrencies by African governments could be useful to the continent’s progress prospects. In his remarks revealed by the Vanguard, Oparaugo, who was co-host of a Decentralized Finance (defi) occasion in Nigeria, prompt that African nations can not afford to lag behind in terms of crypto.

After noting the impression of cryptocurrencies and blockchain on international finance, Oparaugo defined why African governments should get on board shortly. He mentioned:

Cryptocurrency and digital cash will ultimately unite the world and the sooner African governments embrace it, the higher for the continent’s progress. Africa can’t afford to play catch-up on blockchain know-how; it’s the long run.

To again up his prediction about the way forward for finance, Oparaugo used Twitter’s current announcement that it’s going to allow customers to tip one another in bitcoin for instance. The Footprint to Africa founder additionally made reference to feedback made up to now by U.S. billionaire Mark Cuban. In these feedback, Cuban expressed his perception that defi would pose a problem to conventional banks.

Regardless of the advocacy and pleas by crypto-supporting people like Oparaugo, African governments proceed to shun cryptocurrencies. The few nations which have embraced blockchain have as a substitute chosen to create central financial institution digital currencies.

Do you agree with Oparaugo’s prediction about the way forward for finance? Inform us what you assume within the feedback part beneath.

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