One such expert, Joseph Iruafemi, has announced plans to facilitate economic growth by making available up to one billion dollars in loan facilities to the Nigerian populace, and Africa by extension through his crypto-lending startup. Speaking, Iruafemi, who plans to leverage cryptocurrency in making loans available through his startup, Ayuba Finance, expressed the desire to empower people and ensure that those who possess cryptocurrency are able to fully maximise it regardless of economic fluctuations. We want to deliver value to our customers, employees and investors. Speaking on the acceptability of cryptocurrency and regulations that surround it, Iruafemi who has launched multiple products in the banking sector, disclosed that governmental authorities are gradually embracing the phenomenon while global financial giants are also jumping on the bandwagon. It is the currency of the future, if you ask me.”On future plans, Iruafemi stated that his company is looking to provide crypto insurance and crypto will service to Africans.

Source: Nigerian Tribune April 23, 2021 01:52 UTC