https://xendbit.com/?fbclid=IwAR2FOCOgmCNDNs0D8ayUxp4j3VmM-DqgRJn1rJXyiFVwkbhNoFJih4oKMd4
Crypto-enthusiasts, blockchain entrepreneurs, and investors came together at the “convention of decentralized currency”, CoinFest Nigeria in Abuja to discuss the future of cryptocurrency and the blockchain in Nigeria.
Coinfest is an annual event held in many countries, including Nigeria, with the aim of promoting the use of digital currencies and blockchain technology in a collaborative manner.
Despite the recent drop in the cryptocurrency market and increased regulatory scrutiny for cryptocurrencies, Coinfest NG still experienced a strong turnout with over 150 participants coming from within Nigeria as well as other West African nations.
The event’s keynote speaker, Dr. Andrew S. Nevin, the Chief Economist of PwC noted in his presentation that there is a need for more Africans to see blockchain technology beyond bitcoin, highlighting this as one of the reasons why most African ICOs have failed. In his speech, he made a stunning revelation, “Despite raising billions, 46% of ICOs have failed globally, and the majority of African ICOs have failed. Only SureRemit and a few others were successful. Yet about NGN32 billion worth of bitcoin have been traded in Nigeria.”
In the same vein, Eamon Leonard, Vice President, TimeChain (Canada), spoke on “Building Blockchain Bridges between Canada and Africa.” He made reference to relevant use cases of Blockchain projects, providing collaborative opportunities between Canada and Africa. https://www.cryptomartez.com/2018/04/coinfest-nigeria-highlighted-blockchain-uses-cases-beyond-simply-investing-crypto.html
No comments:
Post a Comment