Cryptocurrency has been labelled scam by most people and that’s because they don’t understand the idea behind it.
Cryptocurrency or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Cryptocurrency can also be seen as a way of investing in your future
On January 3, 2009, bitcoin came into existence. People who could not afford to lose the opportunity invested in it and now it is worth thousands of dollars.
If the government has the right people in the finance sector, the government would have benefited from bitcoin.
What would it take the Nigerian government to do the same?
The police should also be enlightened adequately on policing. I’ve been wrongfully arrested for having a crypto app on my phone and the sum of five hundred thousdand naira was extorted from another young man because the Central Bank of Nigeria banned cryptocurrency.
I’ll urge the federal government to invest in cryptocurrency and employ people who understand how crypto works, how to check signals and also educate the public on investing the little they have into it.
Crypto is just like the stock market but easier to understand. Cryptocurrency can make the future of Nigerians brighter and clear the debts of the nation.
Afolabi Tobi,
Adekunle Ajasin University, Akungba-Akoko.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
Former President of Nigeria, Dr Goodluck Ebele Jonathan, has opined that Nigeria is where it is today because of leadership of family and friends, acquaintances rather than ability and capability to deliver.
I Slept With My 12-Yr-Old Daughter Because My Wife Is No Longer Attractive To Me, Man Tells Police
A 49-year-old man, Ubong Akpan, is now in net of the Ogun State Police Command for allegedly having carnal knowledge of his 12-year-old daughter.
Cryptocurrency: Understanding The Craze, Threat
ON Friday, February 6, the Central Bank of Nigeria (CBN) rocked the boat with a circular that inadvertently highlighted how popular cryptocurrency transactions have become among Nigerians in recent years, judging by…
After Two Years, Daddy Freeze Apologises To Bishop Oyedepo
Daddy Freeze whose real name is Ifedayo Olarinde has apologised to Bishop Oyedepo who is the presiding bishop and founder of Living Faith Church aka Winners Chapel…
IN a recent press briefing, the National Coordinator of the National Counter Terrorism Centre in…
Stakeholders in the cassava value chain have attributed the crop’s productivity gap to limited availability…
Rising temperatures and heat stress could wipe out millions of jobs, undermine productivity and inflict…
The Nigerian Institute of Town Planners (NITP) has called for stronger collaboration among governments, communities,…
The Nigeria Labour Congress (NLC) has denied negotiating the N40,000 consequential adjustment for federal workers,…
Nigeria’s agricultural transformation drive is increasingly drawing attention to an important question: how can the…
This website uses cookies.