Core Ignition Drop Claiming Guide

Posted by
 The Core Ignition Drop, which started the rewards claim on June 10, 2024, allows Coretoshis (Core Community) to unlock incentives for their contributions and engagement in the Core Blockchain. The Incentives claimed by the participating community are based on their activities up from the day they join the program until the snapshot is taken. In this article, I will discuss how to participate in the Core Ignition Drop, its benefits, and more. What is Core Ignition? Core ignition is an incentive program developed by the Core Foundation to jumpstart the growth of the DeFi ecosystem on Core Blockchain, the program started on March 11th, 2024, and will continue for six months, providing ample time for users to participate and reap the benefits, rewarding the community for their contributions to the network. By participating, users can earn rewards while simultaneously helping to fuel the growth and adoption of the Core ecosystem. The Core Ignition Program is for both ecosystem users and We
0

CBN crypto ban and it advantages to stable coin in Nigeria

Posted by




Central Bank of Nigeria (CBN) sent out a circular prohibiting Banks, Non-Banks Financial Institutions (NBFIs) and Other Financial Institutions ( OFIs) in dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges.

The Nigeria Apex Bank go further to threaten sanctions on any banks or financial institutions that found breaching the directives.


The advantages of the crypto ban in Nigeria to stable coin

Looking at it critically, the move by CBN could be an advantage in boosting the use of cryptocurrencies in the most popular country in Africa also been the second-largest Bitcoin market on Paxful platform. some ways are listed below:

  1. Peer-to-peer (p2p) will flourish
  2. Merchants will ask to be paid directly in cryptocurrency, this will work perfectly for international transactions.
  3. If a stable coin with mass adoption in Nigeria could be converted to Bitcoin, Ethereum etc. Peer-to-peer would be easy locally and it would increase the mass adoption of cryptocurrencies usage.
Those people with Bitcoin and Altcoins can convert it and spend locally, a merchant that accepts stable coin would be able to convert it to bitcoin and also to dollars if need be. Because Bitcoin doesn't have the flexibility of exchange for commodities due to its scalability.

So there won't be any need for exchanging Fiat money (paper money).

What do you think about the Nigerian governments move on cryptocurrency? Give your comment.



Spread the news

Comments

  1. Mikkyogbe6 February 2021 at 15:01

    It's a welcome development will have being long awaiting for this so here it comes but, you need to let our MERCHANTS know their FATE on this how BEST and PROFITABLE it's to their BUSINESSES.
    THANK YOU AMBASSADOR DARE...

    ReplyDelete

Post a Comment