Amazing to see a 'How to guide' on using the #NGNC/#USDC LP from @femiolaniyanjon .

15 Sep 2023, 19:34

Amazing to see a 'How to guide' on using the #NGNC/#USDC LP from @femiolaniyanjon ! 💜 This is the first step in helping empower and bringing more financial needs to Nigerians all over the world! 🌐 However, it doesn't stop there! This also helps in numerous other areas as well. 👇 1. Financial Inclusion: Nigeria has a significant portion of its population without access to traditional banking services. The World bank reported back in 2021 that about 1/3rd of ALL Nigerians are completely financially excluded! ❌ Cryptocurrency protocols (like #DFX for example) offer a way for unbanked and underbanked individuals to access financial services. All that is needed is a smartphone and internet connection to participate in the crypto ecosystem. 📲 2. Remittances: Nigerians living abroad often send remittances back to their families. Traditional remittance methods can be costly and slow. 🦥 Decentralized Finance (#Defi) platforms built on blockchain technology offer Nigerians access to various financial services, such as lending, borrowing, and earning interest, without the need for traditional banks. 🪙 Which also leads to faster and cheaper cross-border transactions, allowing Nigerians to receive funds more efficiently. ⚡️ 3. Financial Freedom: Cryptocurrencies can provide individuals with more control over their finances. They can manage their wealth independently, without relying on centralized financial institutions. 😍 4. Entrepreneurship and Innovation: The crypto industry has created opportunities for Nigerian entrepreneurs and developers. They can build blockchain-based applications, launch tokens, and participate in the growing global crypto ecosystem. 👐 5. Hedge Against Inflation: Nigeria has experienced high inflation rates in the past. Cryptocurrencies can serve as a hedge against inflation because they are not subject to the same monetary policies and inflation rates as traditional fiat currencies. 💱 We are so excited to see more adoption overall for not only the DFX protocol but for all of the people around the world that feel like they wont be able to participate in the broader ecosystem! We are building for a better tomorrow and it includes EVERYONE. 🥰 Have a wonderful day everyone and stay safe, Dragons! 💜 Link: