Blockchain and crypto will challenge current finance, Nigeria VP says
Cointelegraph
Published Feb 26, 2021 07:19PM ET
Updated Feb 27, 2021 09:40PM ET
Nigeria’s vice president, Yemi Osinbajo, delivered a speech at an economic summit on Friday in which he spoke positively of crypto and blockchain.
“There is no question that blockchain technology generally, and cryptocurrencies in particular, will in the coming years, challenge traditional banking, including reserve banking, in ways that we cannot yet imagine,” Osinbajo said on Friday during the Central Bank of Nigeria, or CBN, Bankers’ Committee Economic Summit. "We need to be prepared for that seismic shift, and it may come sooner than later," he said.
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Written By: Cointelegraph
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