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All right there you have it there inflation slowing also in South Africa I can’t wait to report inflation slowing also in Nigeria but let’s take a look at the crypto market now uh we see uh more some green you know uh back in the in
The market it’s been red for the back to back now but we’re still seeing ethereum still staying in red B&B still in red salana is deeper in green so we’re seeing U some kind of comeback for most of these um currencies um right now let’s look at the top stories now we see
Coinbase introducing non St the crypto wallets so at some point um coinbase uh uh investors can also have some of these assets you know held in their own you know C you don’t have to put it you know right there in coinbase exchange and we see okx uh looking at uh compensating uh
Some uh investors there with uh this the the price of uh okx token there dropping more than expected so they’re going to be compensating uh some of their investors at this time um let’s bring in um sh Dania now now CEO uh geek Alpha geek technology join us V great to have
You on the show uh we’re seeing some green on the screen at this time even though we’ve had red you know back to back so I guess the question is how low um Can Bitcoin go and is the the sell off over at this point well Bitcoin can go very low
That’s right now you know say you can go as low as 30k because been Mass from you know large institutions um unfortunately the ETF approval came with you know it didn’t come with the expected reaction from people you know so some large institutions have been taking profit and
Um it could go as low as 30k but then of course it also helps with um stabilizing the markets you know so that new entries new money can come into it so right now they seeing green everyone seems happy but not so happy but at least experiencing some recovery the previous days yeah
Investors don’t like when the red when the market is red but well sh looking at the issue right here in Nigeria’s you know FX Market we’ seeing the naira really pressured right now we’ve also you know heard talks about Central Bank digital currencies talk to me about how
Technology and cbdcs can play into these FX markets because we’re all looking for transparency in that market talk to me about how techn can help here um so I think the cbdcs are fantastic and I know recently the Africa stable coin consult come up with um you
Know the cgn which is a private privately held um stable coin for Thea so let me just you know use this so imagine the guy in China the guy in the United States who’s who’s having who’s doing business with the farmer in Nigeria you know the farmer in Nigeria
Is exporting his products and he’s getting fex that’s his US dollars right um applying technology organizing the naira making the naira available on the blockchain on the public blockchain available on several exchanges across the globe allows the person from China from United States from whichever country Indonesia who is you
Know buying products from Nigeria to then start to demand NAA because the farmer there at the end of the day even when he gets the money in US dollars he’s doing his business in NAA so he needs naira so we CAU all of that and get people outside the country to start demanding
And um right now for anyone to get naira you need to first come into Nigeria have a traditional naira bank account um and most of those people do not have any business in Nigeria all right um so using technology putting the n on the blockchain allows them to be able to
Access NRA people in Nigeria no longer have to be clambering for US Dollars there people outside there that would then be looking for naira and buying and buying the naira and paying for services that they that they getting from Nigeria and that way I know for the fact that we
Can strengthen the demand for dollar will then reduce and then we will increase um you know for right globally right I guess as they say if you want to break a country you know break itur break its currency but I guess now what we should be doing is
Looking for ways to uh create demand for the naira strengthen the naira hasht strengthen the naira thank you so much for coming on see you gig Technologies thank you you’re welcome