Nice explanation but What will China benefit from this exchange ? Since we are not exporting anything they can buy with our eNaira.
ActuaRise696969:
All we have to do is integrate the eNaira to China's promoted mCBDC bridge for cross border payments and every importer infact everyone will be able to send eNaira to the bridge and its automatically converts to eyuan instantly and you import machineries for production.
Two things will happen.
1. You won't need to buy dollar to import
2. You can easily buy machineries for production and so import with be reduced so dollars will be less needed.
Who ever has much dollars should sell. It's about to go cheap once a bridge for cross border payment is integrated.
I could write about how to increase the velocity of money by accelerating the technologies and building platforms to accelerate integration.
I was not excited about Nigeria until today. I can't wait to design systems for this.
PoS businesses will really help to mop up the old legacy naira into this so there is new type of merchant business kiosks will spring up and after years will die cos we won't need PoS anymore after the mop up phase. Taxing will be easy, tracking will be superb. And trading platform built around this can be monitored. There SEC must design a legit trading platform or illegal players will take over the space. Whether SEC builds it or not, they need to back builders and legalize it, and tax it. It is will bring massive prosperity to the intelligent
Politics › Re: PMB Says Digital Currency Will Boost Nigeria's GDP By $29 Billion In 10 Years by AutosKaufen: 5:46pm On Oct 25, 2021
