We are on a mission to give out $1bn in the next three years – Iruafemi

With the country struggling to stay afloat economically, especially in the face of inflation, money devaluation and allegations of money printing, economic experts and entrepreneurs alike have begun making suggestions and decisions as to how the country could return to its economic heyday.

One such expert, Joseph Iruafemi, has announced plans to facilitate economic growth by making available up to one billion dollars in loan facilities to the Nigerian populace, and Africa by extension through his crypto-lending startup.

Speaking, Iruafemi, who plans to leverage cryptocurrency in making loans available through his startup, Ayuba Finance, expressed the desire to empower people and ensure that those who possess cryptocurrency are able to fully maximise it regardless of economic fluctuations.

“Our crypto lending service empowers our customers to maximise their profit from their coin, and through this, we are looking to lend out one billion dollars over the next three years, and expand in other countries in Africa. We want to deliver value to our customers, employees and investors.

Speaking on the acceptability of cryptocurrency and regulations that surround it, Iruafemi who has launched multiple products in the banking sector, disclosed that governmental authorities are gradually embracing the phenomenon while global financial giants are also jumping on the bandwagon.

“Cryptocurrency has come to stay and one can deduce this from the recent approval of the Central Bank and how global payment giants like Visa and Paypal are incorporating it into their business. It is the currency of the future, if you ask me.”

On future plans, Iruafemi stated that his company is looking to provide crypto insurance and crypto will service to Africans.