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Can Africa Embrace Blockchain Technology by Eradicating Poverty? đŸ€” At the SIBAN Digital Assets Summit 2023, GT Igwe Chrisent, CEO of Sumotrust & Truzact, believes that #poverty eradication is essential for successful blockchain integration. He argues that transitioning people from poverty to the middle class is key to driving blockchain adoption in #Africa . Despite Nigeria’s interest in cryptocurrencies, the challenge of basic amenities persists. The potential for #blockchain adoption remains untapped until poverty is addressed, despite positive signals such as Nigeria’s curiosity in Bitcoin and President Bola Tinubu’s support for blockchain in banking and finance. #Binance #crypto2023

Can Africa Embrace Blockchain Technology by Eradicating Poverty? đŸ€”

At the SIBAN Digital Assets Summit 2023, GT Igwe Chrisent, CEO of Sumotrust & Truzact, believes that #poverty eradication is essential for successful blockchain integration.

He argues that transitioning people from poverty to the middle class is key to driving blockchain adoption in #Africa .

Despite Nigeria’s interest in cryptocurrencies, the challenge of basic amenities persists. The potential for #blockchain adoption remains untapped until poverty is addressed, despite positive signals such as Nigeria’s curiosity in Bitcoin and President Bola Tinubu’s support for blockchain in banking and finance.

#Binance

#crypto2023

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BREAKING đŸ”„: On May 24, #Aptosï»ż set a new L1 industry record with 95.6 million daily #transactions , surpassing the previous record held by @SuiNetwork by over 50%! This surge in activity is driven by the Aptos tap-to-earn game, @taposcat 🐈. #Binance #crypto2024 #EarnFreeCrypto2024
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The expected one-year inflation rate in the United States for May is 3.5%, reaching a new high since November last year. 🚹
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#Gnosis , an Ethereum sidechain, is partnering with Zeal, a digital wallet company, to make everyday cryptocurrency transactions easier. Gnosis is also investing $2 million in #Zeal , bringing their total funding to $9 million. This collaboration aims to simplify self-custody crypto transactions, making them more user-friendly for everyday use. #Binance #crypto2024
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Smart contracts are currently difficult to write due to complex #coding languages. The future of smart #contracts could involve writing them in natural language like English. This would allow more people to write smart contracts, including lawyers and everyday users. There are challenges to this approach, such as defining legal terms and ensuring the accuracy of AI-written contracts. However, there are also potential solutions, such as using multiple AI agents to write and verify contracts. This new way of writing smart contracts has the potential to bring billions of new users to #blockchain technology.
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