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10 sats \ 5 replies \ @DarthCoin 22 Feb 2022 \ on: Nigeria's eNaira CBDC may pose money laundering risks, IMF warns | The Block bitcoin
So... the Nigerian Prince is real in the end :)
Just like not all bitcoin activity is involves drugs, and money laundering, not all Nigerians are involved in an illegal hustle. With a population of over 200 million people, and over half of them age 19 and under, even a tiny fraction of Nigerians involved still results in that being a large number of them doing that hustle.
But that also means there are literally tens of millions of Nigerian youth writing code, building startups, designing anything and everything, trading bitcoin, importing, exporting, etc.
So many are achieving greatness against all odds. Many who code, for example, first learned to do so using a tablet at school, or if they were lucky enough, on a low-end Chinese-branded smartphone, probably handed down from a family member who upgraded. Imagine trying to edit lines of code on a 4 inch screen!! Imagine trying to pay for web hosting but they won't take your bank debit card (due to being Nigerian), or because the form says "address is required" but where you live there is no street address numbering scheme. Imagine trying to partake in an hour long zoom call when you pay for every MB through mobile data charges, .... and this being done when the lights go on and off, as electric service is intermittent.
So instead of Nigerian youth being recognized for amazing tenacity in spite of what they must deal with each and every day, they are lumped in with the tiny minority of their demographic that made themselves known globally for their bad deeds. It's truly being unfair to them.
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I know man. I was just joking
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