85% of central banks are considering digital currencies. The tedious process, overhead costs, and other costs associated with paper currency prohibit financial inclusion and explosive innovation in the financial market and economy at large. Digital currencies unlock broader possibilities for the unbanked and those excluded from the financial market. An area worth looking into is […]
Tag: Finance
DeFi Dominion: Could this be the future of Investment Capital in Africa?
Centralized finance (CeFi) has dominated the financial market since the digitization of finance. We have had to succumb to expensive financial intermediaries who bury us in paperwork and elusive operations. This impediment has spurred the blockchain/cryptocurrency movement and its growing army of devotees. Decentralized finance (DeFi) is the latest iteration of this movement. DeFi sudden and loud growth from zero to a $100 billion market is putting traditional finance off the rails. It’s too early to say that DeFi will have dominion but it’s worth paying attention to. Central banks that banned cryptocurrencies are now coerced to regulate them.
Debt: The Face Behind The Currency
faith, while being oblivious of its elusive repercussion to society. I believe a deeper understanding (that is not obvious in textbooks) helps us in proffering more sustainable solutions to our society. I will share two illustrations of the elusive nature of money.
Elusive Innovation: A Tale of a Community
There existed a thriving community where the people happily display their yams, eggs, tomatoes, chickens, and corn on their market days.
Whenever there was a storm that damaged the roof of any of the dwellers the people easily volunteered to help, knowing that if they themselves had a problem one day, others would come to help them. No currencies ever exchanged hands.
One market day, an elegantly dressed stranger with a black leather jacket came
The King of Civilization: Monetary System
There is money yet community decay, and lack of educational opportunity puts the mind of children to waste and causes ecological breakdown. It’s apparent that the conventional monetary systems and currencies give rise to competition and yet remain scarce. It’s important to understand that the success of a nation or the world is not a state, but a process.
4 Common Causes of Bad Data: How you can deal with them
“Great vision without great people is irrelevant”. “The principle is not getting the right people on the bus, it’s first getting the right people on the bus.” Jim Collins, Leadership and management coach To keep up with challenges and opportunities in your sector, you need a strong, reliable workforce that manages data well. Misinformation is […]
Financial Fraud :: Prevention Tools
Ever lost five years of hard-earned profit to fraudsters? Everyone is familiar with the word ‘’Fraud” because it has become our sad reality. The number and techniques of fraud increases everyday. You’ve probably been a victim or knows someone who has been a victim of fraud. Fraud is a deliberate act with an intention of […]
Behind the Scenes of Money Evolution: The Inception
How can the global financial system bring about sustainable abundance? Over the last 10,000 years, money has transformed from cattle and shells to today’s electronic currency. In this series: Behind The Scene of Money Evolution, we will chronicle the transformation of money. We are social by naturethe and need others to survive. Money was introduced […]