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)

Bitcoin Statistic Today MarketCap : $1.266 Trn Price : $64,129.3 Volume: $26.36 B

In today's series, I have one poll & one question for you.

// POLL QUESTION
which of these problems do you think cNGN can solve best? 
1. fighting inflation: Keeps your money’s value stable, even when prices rise
2. Simplify crypto trx: Makes it easier to trade and use other cryptocurrencies.
3. Reduce Transaction cost: Cuts down fees for sending and receiving money.
4. More financial inclusion: Helps more people use financial services, especially those without bank accounts.   

// QUESTION (ENGAGING) 
what kind of investment return is realistic to you
1. huge return, stake 100 to gain 1m
2. 20-50% return every 3 month
3. 10% return every two month is ok

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.

ICEBREAKER

!!the big question is will cNGN prevail where eNaira (CBDC) failed?

Remember the rules

1. Engage the polls, engage the comment section, and show reactions so we can all have a wonderful experience today.

2. Today's series is sponsored by SIRFITECH,

At the end of today's series, we must have been able to

1. the importance of cNGN

2. the problem its solving and potential risk

3. How to use cNGN

Welcome to Breakfast w/ Blockchain

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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

Trust in every transaction promising stability & security

Finance without Borders

promising global access and seemless exchange

Fast Transactions

promising 24/7 near instant settlement

Clear, Trackable Finance

Promising Transparency & Auditability

Affordable Finance for All

promising Cost effectiveness

Broadening Financial Access

Promising Universal Connectivity and flexibility

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