Techpoint Africa Podcast

How Nigeria can use crypto companies to its advantage

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Episode notes

Our guest on today's podcast is Ray Youssef, CEO, NoOnes. We discuss Nigeria's recent clampdown on Binance and crypto and what happened with his last company, Paxful.

But before that, we highlight a few stories from this week.

BuuPass acquires QuickBus
CBN stops Moniepoint, Kuda, OPay from opening new accounts
MTN Nigeria records first loss since 2021 IPO

Link to Insight of the Week: https://intelpoint.co/insights/mtn-nigeria-recorded-its-first-loss-in-2023-since-its-initial-public-offering/

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Timestamps

00:00 - Intro

Recap of the news

Thoughts on the clampdown

Did P2P really cause the fall of the naira?

Did Binance make money from P2P?

Is the Nigerian government justified in going after Binance?

The real numbers for crypto in Nigeria

Consequences of the clampdown

The real crypto scammers

The double-edged sword of licencing requirements

NoOnes' role

The importance of P2P

What went wrong with Paxful

How NoOnes will redeem the Paxful failure

Possible challenges for NoOnes

Outro

Useful links

Kenyan BuuPass acquires QuickBus to expand to Nigeria and South Africa
CBN stops account openings for Kuda, Moniepoint, OPay
Q1 2024: MTN Nigeria's userbase sinks, loses ₦656.4 billion in foreign exchange

This episode was produced by Ogheneruemu Oneyibo

Email us your feedback at [email protected]. Visit www.techpoint.africa/ for more stories.

Music - Beach by MBB -

https://www.youtube.com/watch?v=dEnQ8dHwDSk

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