RE: DUO Guest Author @thelastdash with Three Medium to Successfully Promote Hive Adoption in Nigeria
You are viewing a single comment's thread:
@thelastdash I think Nigeria could indeed be an amazing market for hive, have had loads of talks with Nigerians here in the Netherlands about this!
Here are the points I got back for these guys:
- HBD 15% interest rate - as a partial low risk hedge against the 24% inflation Nigeria is experiencing in 2025.
- Community based, villages sponsor kids to go to Europe and get education and better job opportunities. These kids in turn sent money back to support their family and village. Now most use Wester Union. If the adoption rate of Hive is high enough, this means the fraction of the costs would be needed to support those who are dear to you (lower cost => more reaches it’s destination)
- Corruption: Nigeria faces big difficulties with corrupt government , hive could provide an alternative against that.
- lack of pension systems for lower schooled jobs. HBD with 15% savings coupd provide a great usecase there.
@thelastdash curious how you view these points.
0
0
0.000
@rainbowdash4l I am very happy to read this comment on this guest post. Firstly, the 15% interest rate on HBD savings is something we cannot get in our banks here, but the problem is that the majority of people here do not know anything about Blockchain, and those who has little knowledge about it only know about Bitcoin, memecoins, and ponzi scheme. So, it will take a lot of effort to teach people about it.
Secondary, only a few people can afford to send their children to Europe for education purpose. And those kids abroad could only send money to their people through a medium they understand. If we have kids that knows about Blockchain and Hive, then the cost of sending remittance home would be greatly reduced just like you said. I personally would like to send my son to Europe for education purpose of I have the financial capacity to do it.
Yeah, corruption is like a cancer that has refused to heal in Nigeria. Only if the government can embrace Blockchain technology for running the system.
Everything needs orientation and teaching for people to know how all these things could benefit them.