Fintech Partners With Metamask To Make Cryptocurrency Purchases More Reliable And Accessible In Nigeria
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Central Bank of Nigeria to regulate cryptocurrency
The Central Bank of Nigeria had announced that it would provide a regulatory policy framework for the introduction of cryptocurrencies. The reason for this was banking regulators banned cryptocurrency-related transactions in the banking system. The Central Bank of Nigeria would think about creating a regulatory framework for the potential use of ‘Stablecoins’.
Metamask to let Nigerians buy crypto directly from their phones with 'Moonpay'
Metamask’s new feature will empower Nigerian Moonpay users to buy crypto directly from tier mobile devices using bank transfers instead of credit or debit cards, which was previously the only option for transactions. In spite of the current challenges being faced by cryptocurrency traders and investors in Nigeria, wherein Central Bank of Nigeria has banned all financial institutions from serving the cryptocurrency exchange making the peer to peer trading come in limelight.
Analysts believe that this new feature would increase the adoption of cryptocurrencies in the country and open the way for Nigerians to invest and store cryptocurrencies.