Blockchain Insider Podcast by 11:FS cover image

167. Insights: Is crypto an effective replacement for remittances?

Blockchain Insider Podcast by 11:FS

00:00

The E-Naira and Crypto Strategy

Nigeria's naira has been devalued at least eight or nine times in the last three to four years. So for many Nigerians looking to preserve wealth, right, they probably are thinking, you know, storage or wealth building in terms of dollars or other foreign currencies is much better. Why would they want to leverage a stable coin tied to the naira when they could use a stableCoin tied to the euro or the US dollar to preserve wealth?

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