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RE: Crypto Academy Week 6 - Homework Post for @gbenga || Security Benefits and Impact of Cryptocurrency in the Banking Industry

Hello, I must commend your ability to put up a wonderful piece like this. It is no doubt that the blockchain is relatively new looking at when it was developed but then it is accepted by so many and it is being antagonized by a lot of people.

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From the image above, you made it clear that Blockchain should be something that should be adopted and harnessed for better performance and growth which is no lie, and here comes my question;

Question: Do you think the Central Bank of Nigeria is right with its decisions on cryptocurrency in Nigeria? If Yes, please state your reasons and if No, please expatiate on it.

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Actually, my answer is NO. there are actually devaluing our Naira by that decision. Example, Binance, one of the major exchanges can't do business directly with Nigerian banks and that has crippled business with Naira.

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