Bank AI

Read

Conflux

<a href="https://confluxnetwork.org/" target="_blank" rel="noreferrer noopener">Conflux Network</a>, a leading global cryptocurrency network, expresses satisfaction with the Central Bank of Nigeria (CBN)’s recent lifting of the ban on cryptocurrency transactions. 
The decision to lift the ban on cryptocurrency transactions, announced in December 2023, is a significant milestone for Nigeria. Recognizing the potential of digital currencies and the need to adapt to global financial trends indicates a new era of financial inclusivity for Nigerians. 
Conflux Network applauds this regulatory change, paving the way for increased adoption of cryptocurrencies and facilitating seamless crypto operations, benefiting its customers and the wider Nigerian population. 
Ehis Omozusi, Conflux Africa Lead, expresses the company’s excitement to ensure smooth and secure cryptocurrency transactions. He says this will open up the continent to more blockchain-based technologies, especially if the process of obtaining the license is smooth and without any bottleneck. 
<blockquote class="wp-block-quote" data-beyondwords-marker="e8e59dbd-4c25-40d8-9822-bd7f7525613b">
 Ehis says, “We welcome this progressive decision by the Nigerian government, as it aligns with our vision of creating a decentralized and accessible financial ecosystem. Collaborating with financial institutions, we are excited to leverage their expertise and infrastructure to provide reliable solutions for crypto enthusiasts across Nigeria.
</blockquote> 
With its advanced blockchain technology, Conflux Network offers a range of solutions to support cryptocurrency transactions, including secure wallets like Fluent Wallet, decentralized exchanges like Swappi, and streamlined payment systems. 
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized" data-beyondwords-marker="5689a5ec-fd58-4ee3-89f4-e0a702515bfd">
 <img src="https://technext24.com/wp-content/uploads/2023/07/Conflux-PR-image.jpg" alt="Conflux Network's African Subsidiary: Accelerating Blockchain Adoption and Empowering Communities" class="wp-image-203207" width="693" height="692">
 </figure>
</div> 
Conflux aims to provide a seamless and reliable experience for the African community while contributing to the growth of the Nigerian financial ecosystem. This step would encourage startups to also consider building other utilities on the blockchain as several other industries would benefit from the technology like Health care, logistics, real estate, and so on. 
Conflux commits to supporting this digital revolution and empowering Nigerians with the tools they need to capitalize on the opportunities presented by cryptocurrencies. 
Read also: <a href="https://technext24.com/2023/07/18/conflux-networks-blockchain-adoption/">Conflux Network’s African Subsidiary: Accelerating Blockchain Adoption and Empowering Communities</a> 
<h4 id="about-conflux" data-beyondwords-marker="8d6ca25c-35b1-4cdd-ace5-ba5701579fdd">About Conflux</h4> 
Conflux Network is a permissionless Layer 1 blockchain that connects decentralized economies worldwide. It utilizes a hybrid PoW/PoS consensus mechanism, ensuring a fast, secure, and scalable blockchain environment. 
Conflux operates without congestion, maintains low fees, and prioritizes network security. Being the leading regulatory-compliant public blockchain in China, Conflux offers advantages for projects entering the Asian market. 
In its partnerships, Conflux collaborates with global brands and government entities including, Shanghai, China Telecom, Little Red Book (China’s Instagram), McDonald’s China, and Oreo. These noteworthy collaborations serve as a testament to Conflux’s unwavering dedication to driving blockchain and metaverse initiatives.

Conflux Network applauds as Nigeria lifts ban on cryptocurrency transactions

Technext.ng

Other articles published on Jan 17, 2024

XRP Advocate and Analyst Argue on Ripple’s Legal Right to Sell XRP

С 15 января чистый отток капитала из криптофондов составил $424 млн

Binance drops below 50% market share on regulatory pressure

FTX clawback lawsuit against Sam Bankman-Fried’s parents faces dismissal

Shaping the Future of Web3: Binance Labs’ Strategic Investments and Incubation Programs

Grayscale’s Bitcoin ETF sees $1.1 billion outflow amid narrowing discount

Join our free newsletter for daily crypto updates!