Cryptography Development Initiative in Nigeria

Association of Bureaux De Change operators ( ABCON) of Nigeria and the commodity board exchange are collaborating to launch a digital assets /crypto exchange platform called ‘Kolectyomoni’. This collaboration also involves blockchain and cryptocurrency ecosystem in Nigeria like BICCoN, CDIN, SIBAN, DCC, Bitcoin organisations, local peer to peer exchanges and merchants. The overall objective of the crypto exchange platform is to harmonise data, harmonize the digital currency P2P FX sector in Nigeria, ensure all digital FX merchants come under a very viable and visible platform that would discourage economic sabotage while also assisting the government to generate revenue from the transparent legitimate transactions the platform will be facilitating by way of convenience of use tax paid by the operators and clients. Simply put:- Once launched, you will now be able to buy and sell digital assets while BDCs become the intermediary. I hear few other companies are also working on various indigenous crypto exchange platforms with different models. This is something I have been clamoring for. I just hope eNaira wallet is incorporated on the platform.