It's funny.... I mean very funny
I read this part that talked about banks not being able to have funds to give out loans and I laughed mischievously
You know before now, it was difficult for upcoming entrepreneurs with a visible business idea to obtain loans from the bank
Most of them got duped in the process because, they wanted to use the back door
It was so frustrating, because a lot of Nigerian lost faith in being able to get their ideas off the ground, up and running, since they couldn't access loans that easily
Now, imagine the same institution no longer having the same thing, they had once, but never giving out on good terms, again
This would be a situation where gravity comes into play .... What goes up, comes down 😂😂😂😂
Forgive me for laughing, it's just that the banks deserves to be laughed at.
Someone should not forget that they care less about the people's business. They are mostly concerned about the interest rates on those loans they give out. And collaterals if there is any.
So, if Defi is going to put them out of business, it better do it fast ..... 😏
RE: First Nigerian Banks, Then The Rest