Given the current state of the globe, cryptocurrency is undoubtedly one of the most exciting technologies available – the digital currency is here to stay and remains our hope for the future. 

It is right to say that the potential of cryptocurrency and the blockchain system entirely is limitless, as evidenced by the fact that some of the top chief executive officers of leading companies and capital firms are beginning to consider cryptocurrencies as an asset.

According to the CEO of KachiPlug Exchange, Nlemchukwu Godswill Onyedikachi, cryptocurrencies will greatly change the scope of finance in the world just as the invention of the world wide web changed the scope of the world.

Nlemchukwu mentioned that the global economy will inexorably transit to a digital ecosystem. Everything is moving paperless, from investments to money transfers. Cryptocurrency is the newest and most promising addition to the digital payment market.

Nlemchukwu Further said that the benefits of cryptocurrency to individuals and the country’s economy are numerous to mention, especially in Nigeria.

Nigeria has the largest GDP amongst all other African countries, yet approximately 40% of the citizens live in poverty. He also pointed out that the use of blockchain technology by Nigerians, particularly the youths has been on a steady upward trend.

In 2018, Nigerians accounted for the third-largest holdings of Bitcoin as a portion of the gross domestic product only behind Russia and New Zealand. Correspondingly, the country has an approximate value of 13 million Crypto holders with about $400 million worth of Cryptocurrency transactions.

In a country with a high unemployment rate estimated at 32.5% in 2021, the rapid growth of the Nigerian Crypto sector has resulted in several career opportunities for the nation’s young populace.

Crypto trading has been pivotal in lifting countless Nigerian crypto traders out of poverty Says Nlemchukwu Godswill Onyedikachi

The volume of transactions on KachiPlug Exchange, a fast-growing Nigerian Crypto exchange and Digital Assets Trading Company, shows how fast the industry is growing in Nigeria. The Crypto industry also opens up new frontiers in international transfers, making it easy for Nigerians to carry out cross-border transfers without needing any middlemen.

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Nlemchukwu believes the decision of the country’s apex bank to restrict traditional financial institutions from partnering with Crypto companies in Nigeria will stiffen the adoption of the technology and also, its evolution in the country.

He further stated that with the high number of investors in Cryptocurrency, it will be an error to classify Crypto traders as terrorists, fraudsters, and money launderers because most of these illegal acts were already in existence before the development of the blockchain industry.

Nlemchukwu Godswill concluded by saying that we missed out on opportunities as a country in many industries in the past, and we should not miss this exciting, emerging technology. The blockchain industry has the capacity to create new job opportunities, and also attract more investors since the industry is still at its infancy stage. In his words, “ we should not kill what will develop and promote our country.”

Every new technology needs time to evolve and mature. For Crypto, this is the nurturing stage of the industry.

At KachiPlug Exchange, we are committed to ensuring fast and secure online transactions and becoming a leading provider of digital assets trading and exchange in Africa has been our centralized vision. We are ready with every intention, tool, skill, and technique to accomplish such pre-defined objectives, while we are also fully devoted to prove the best customer experience and have implemented various efforts to safeguard them earnestly.

The smartest way to collect, convert and transfer money globally

At KachiPlug Exchange, our mission is to create the world’s best exchange platform for individuals and international businesses.

We buy, sell, and exchange PayPal, Skrill, Neteller, Bitcoin, Payoneer, Zelle, Google Pay, PerfectMoney, GreenDot, Walmart Money Card, Payeer and other E-currencies.

Aside from the fact that we buy, or exchange E-currencies, we also assist our clients to professionally open legitimate E-currency accounts such as PayPal and the likes while we as well usually counsel and advise people regarding E-currency accounts.