Nigeria: Ngige Chukwuebuka - How Crypto Currency Aids Foreign Trade

26 September 2020

Crypto currency is a digital asset designed to work as a medium of exchange, wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

For Ngige Chukwuebuka, CEO KD Biz Hub, there are various factors that hinder or affect the smooth running of international trade. According to him, the first is the difference in exchange rates. Due to the difference in currency, exchange rates always pose a huge problem for the smooth running of international trade.

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