Crypto startups in Nigeria have had the toughest 10 days of their lives. That @cenbank directive nearly wiped them out.

But as @pesa_africa reminded me, this has happened before, in Kenya.
https://techcabal.com/2021/02/15/the-next-wave-nigerias-crypto-hurdle/

Shut off from banks, crypto exchanges are moving to enable peer-to-peer transactions on their platforms. It's early days but we may start seeing features soon.

By enabling P2P, crypto exchanges become more integral to the crypto system.

@ElohoGM appreciates the role Nigeria is playing in defining crypto and it's underlying blockchain technology.

"We think the next wave of internet business models will come from crypto”

That's from @a16z's crypto investment thesis, a view that will motivate crypto startups in Nigeria to push beyond the present turbulence.

More in this week's #NextWave https://techcabal.com/2021/02/15/the-next-wave-nigerias-crypto-hurdle/