Great article on fintech in Nigeria. It is quite unfortunate what Nigerian govt and central bank did to cryptos. However, bitcoin and decentralized cryptos cannot be controlled and are here to stay, it's like trying to catch the wind.
In Kenya, the traditional banks are also going down slowly, most people use mobile money platforms like Mpesa for transactions. With fiat on the mobile and platforms like binance most people are able to trade and make money without needing banks. Just like Nigeria banning Luno, I feel the govt might one day come out and ban these platforms, but so far so good.
However, all is not lost for blockchain in Africa, it will take time but it will eventually happen. And we don't need it for money only, I was reading an article on how blockchain can bring fairness in elections too. People will in future vote on their phones, there will be no vote stealing/rigging. It will be amazing.
In Kenya, land registration is being put on the blockchain, people can log in and see which parcel of land belongs to who and which land is public or govt. So far Nairobi is done and rolling out to the rest of the country. This will make buying and selling of land easier and corruption free.
Thank you for sharing and keep enjoying your Sunday :}