S77: cNGN
22-June-2024 | Talk-the-Talk (Ep 8)
This is Sirflex speaking, Your Host! GM everybody, i officially welcome you today's space.
ROUNDTABLE CHAT (EP 8)
In today's series, I have one poll & one question for you.
cNGN
today, the speed at which technology is moving is commendable, scientist are breaking new barriers everyday, today, i for one have research around cryonics, the technology of bring dead body to life, its a fascinating tech, some other tech also claim to enhance human body with robotic parts, its called exoskeleton technology.
Today, Medical technology and research have profound solution to many diseases, people can do bone transplant, bone-marrow transplant, kidney transplant, liver, and, but my exploration just introduce brainbridge to me, the technology that is used for head transplant.
Now, if your head is not correct, just do head transplant, there motto is : one head at a time. they also do face transplant.
we are not talking about the advancement of complex human to computer interception today, we are talking about cNGN, the crypto Naira, its use and what problem its solving.
!!the big question is will cNGN prevail where eNaira (CBDC) failed?
Remember the rules
Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.
Today's series is sponsored by SIRFITECH,
At the end of today's series, we must have been able to
the importance of cNGN
the problem its solving and potential risk
How to use cNGN
Welcome to Breakfast w/ Blockchain
Welcome to Breakfast with Blockchain, Here, we talk about Web3, Innovation, our environment and recent development. this Saturday and every other Saturday at 10 a.m, we gather here to chat. Join our WhatsApp for discussion and Connect with us on twitter in our twitter community. and let's grow together.
Let's get started!" 💡🚀 #BreakfastWithBlockchain
Let's get started
Hopefully, we will have Mr. Deji with us today, the brian behind cNGN, until then let's talk about pending problem.
what is cNGN
cNGN is a form of stablecoin cryptocurrency that is pegged to Nigeria Naira on a one-to-one ratio. it is 100% backed by ASC's reserve. who is ASC
cNGN is presently interoperable with strategic blockchains like Bantu and Binance Smart Chain, with plans to extend compatibility to all major blockchains in the coming months.
Who is ASC
ASC is african stablecoin consortium that brings together top financial institutions, fintech innovators, and blockchain experts, aiming to transform Africa's financial landscape through secure & compliant virtual assets. ASC is at the forefront of revolutionizing how people & institutions engage with money.
Importance of cNGN
What are the problems that lead to cNGN?
Naira wash trading Untrackable flow of Naira Traditional odding of Naira: people pack naira in ghana must go and keep it away Onramping & offramping of Naira for flexible pair with crypto
Will cNGN scale where eNaira failed?
Now eNaira is a digital currency, it is not a crypto currency. i personally want to believe that it is not on blockchain, and it does not in anyway solve many problems stated above.
How do you prepare yourself for eNaira to harness the benefit
intermediary is the word for it.
Comrade of the week
Conclusion
If you don’t believe me or don’t get it, I do not have the time to try to convince you, sorry! -Satoshi Nakamoto (July 2010) Price of bitcoin: $0.08
Last updated