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  • ⚡️What drives Nigerians to the cryptoworld? Expert reveals the reasons
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    Congratulations, everyone!
    We've survived the first year in crypto-ban.
    But it seems like something went wrong, and instead of the end of crypto-operations, Nigeria gained the generation of digital rebels.

    To clarify things, we invited an expert to Digital Talks. Meet Rotimi Ogunwede, the Chief Marketing Officer of Patricia Technologies, a marketplace for digital assets.
    Better awareness, and rebellious traders: Side effects of the ban
    In February 2021, CBN directed all commercial banks to close all accounts in crypto. After this happened, the knowledge on cryptocurrency subject grew in Nigeria immediately.

    That was one of the side effects that followed the new CBN policy, according to Rotimi Ogunwede. 

    While speaking on Legit.ng Digital talks interview, he disclosed more reasons why Nigerians can't stay away from crypto.

    What's behind the traders' psychology? Read it here
    Patricia almost bankrupted by CBN regulation: The story of relocation to Europe
    CBN policy affected Particia and made them lose 90% of business within 24 hours.

    According to Rotimi Ogunwede, the adoption of crypto in Nigeria is a form of rebellion for a country trying to stifle innovation and creativity.

    The computer science graduate said Patricia was moribund for a month before it decided to adopt a new model and set up shop in Europe where it has seen its fortunes grow immensely.

    How did they turn challenges into opportunities? See here.
    Do you agree? Share your thoughts in our chat!
    The traditional banks are not giving up! Zenith top, Wema least
    Meanwhile, there are over 12 commercial banks in Nigeria, with more than 100 million customer accounts.

    On a daily basis, these banks strive to outperform others in terms of both the number of customers they attract and profit.

    Here is how the banks ranked after the first month of 2022.
    See the full list of global investors who believe in our potential
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    Legit.ng · 01001 · Lagos 01000 · Nigeria

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