Inside Blockchain – Blockchain Technology & Remittances
Published
7 months agoon
Speaking to Bobby Anyadike on the Inside Blockchain Show this morning about the Implications of remittances on cross-border transactions across Africa, NaijaCrypto CEO, Chiagozie Iwu had this to say;
“Small businesses build the economy, so building a solution for large corporations while leaving small businesses out doesn’t create economic output because those small businesses that are supposed to create jobs are left out from benefiting from the cross-border payment framework.”
He also went further to explain that majority business owners in Africa prefer to trade with foreign countries and depend on them for trade income. Whereas, Intra-African trade can sustain us as a continent according to him. The only fallout of the system he highlighted was the requirements which might not really foster inclusion of smaller businesses;
Read also:
INTERSWITCH & INTERSTELLAR to Develop Blockchain-powered Infrastructure Services & Solutions
Cameroon Ejara raises $2M to Offer Crypto services to Francophone African Countries
Bitmama raises $350K Pre-Seed to Expand across Africa
Pan-African Payment and Settlement System (PAPSS)
The newly launched Pan-African Payment and Settlement System (PAPSS) popped up during the discussion and the impact of the infrastructure was discussed. Chiagozie commented on the development noting that it was a good development as it will foster Intra-African trade. He also mentioned that there’s still need to build more blockchain-based remittance systems that are decentralized to facilitate inclusion of small businesses.
Watch our latest session on the Inside Blockchain Show:
What do you think of this video? Share your comments below.
Latest Episode on Inside Blockchain
Crypto News Update
Crypto Street
Trending
Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa
The advent of Bitcoin has paved the way for seamless cross-border payments. The demand for third-party intervention in financial transactions...
Explore, Build Assets, Fight and Earn in the Supernova Space
A new economy was opened in 2017 when blockchain was integrated into gaming to produce the first Web3 game: CryptoKitties....
Owl.Games: The Rise of Crypto Games in the Casino Industry
Crypto gaming used to be new a few years ago but it’s going mainstream now. However, there are some sectors...
BCAT Africa: Reducing Unemployment in Africa
One of the greatest lines spoken in the Spiderverse is “with great power comes great responsibility”, although it can be...
Gamified NFT Platform Trove Announces Launch Partners SideQuest
Trove has announced its new Launch Partnership with SideQuest, a gamified risk-to-earn NFT collection. It was announced on Twitter today. ...
ALL Sections
Recent Posts
- Move To Earn: Keep Fit, Sport, Connect and Earn on the Calo Metaverse
- Top 5 Move-to-earn Applications on Google Playstore
- Top Move-to-Earn Projects Below $100 Million Market Cap
- MetaRuffy: An Intersection of Blockchain, Web3, VR, and AR
- Crypto Bootcamp Community Celebrates Bitcoin Pizza Day Across Africa
[…] post Inside Blockchain – Blockchain Technology & Remittances: The Implications on cross-border tran… appeared first on CryptoTvplus: DeFi, NFT, Bitcoin, Ethereum Altcoin, Cryptocurrency & […]