Why Nigerians Are Holding Stablecoins | Thailand
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0:00A: And so if the local problems have already been solved, KYC, ID, credit history, and minimum requirements has already been solved by fintechs. Malaysia, I believe you said there are about like 10 e-wallets that people use in Malaysia. Then what, what, what is crypto for? And we could identify some, some things that crypto is used for. So in Africa and to some extent in certain LATAM countries, so One of our brothers there told us Brazil doesn’t have this problem, but if you’re in Argentina or Venezuela, you’re probably going to face these problems. So one is, of course, and you’ve heard this a lot, currency devaluation. It’s a big deal. If you’re in Nigeria, you know what this, you know, this problem looks like, uh, because your currency has lost something like 80% in the last 3 years, right? So you hold your value in a stablecoin or in cryptocurrency. Currency devaluation.
