How Facebook Libra Cryptocurrency Will Affect Nigerian Naira, Inflation, Banking

Today, I gave a speech on Africa’s fintech and banking sector outlook with full consideration of the unveiling of Facebook Libra cryptocurrency. In my practice, our best product is being retained by firms so that CEOs or Chairmen can call in and ask for perspectives. But this was different: a fintech investor with focus on Africa wanted a quick insight. Simply, I want everyone to note that Libra will partly provide paths for citizens to “avoid” the inflationary paralysis on the Nigerian naira. Libra is not fully decentralized – it is largely a digital currency which is tied to major … Continue reading How Facebook Libra Cryptocurrency Will Affect Nigerian Naira, Inflation, Banking