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The Contemporary Conflicts Of Centralized finance on the Masses in Nigeria

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@daniky
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Central Bank of Nigeria

A ban was placed on crypto exchange in Nigeria, disallowing the centralized banking platform from accepting any Cryptocurrency related transactions. The crypto was tagged as illegal. Most internal decentralized exchanges and applications are on hibernation at the moment to prevent crypto exchange for fait monetary transactions, access to the binance transaction frontend has been temporarily disabled to prevent Nigerian exchangers from further exchanges at the moment. This is quite unappealing and disheartening.

Irrespective of what the centralized ecogiants are doing, i know for sure that it's just for a moment. Decentralization is the key to the liberty and economic advancement we all desire for our mutual benefit. Thanks to @taskmaster4450 and many more authors on the leofinance Platform for giving more insight to the decentralized world by sharing their daily post and experiences. How long will most country citizens be maginalized and denied their fundamental human rights. A usual saying goes that "youths are the leaders of tomorrow". This has been a recitation in anthem of many schools and institution over the years till date, yet it's becoming more apparent that most Nigerian youths today are been marginalized and denied their financial rights. It's good to notice some politicians fighting hard to restore Cryptocurrency exchanges back in Nigeria. One fact i know is that no matter how long this situation can be, it will definitely not last for long.

Irrespective of this situations at hand, i see this as a stepping stone to channel my gains on the platform into more stakings for the future. I'm never moved by all these, but i feel concern for those that invest their money in crypto and wanted using their gain to run an emergent need for one thing or the other.

For me, i think it's high time for many more newbies to get onboarded and be familiar with the #hive blockchain technology and the second layer decentralized platforms such as the #leofinance, #threespeaks, #ctptalks, #sportstalk, #neoxiancity, #palnet and others. Whether the centralized financial bodies like it or not, DEFI is definitely taking over to grant us the financial liberty we all desire to make ends meet and build more asset for the future to come.

Thank you for your time. Kindly help by supporting this post reblogging for the view of others within your connection, and as well, don't forget to follow my blog for more update.

By @daniky

Posted Using LeoFinance Beta