Decode Fintech
BuyCoins and the rise of cryptocurrency in Nigeria
Jan 23, 2020 · 24 min
Play episode

Bitcoin... Litecoin... Ethereum. Cryptocurrencies continue to dominate the headlines. What's going on in Nigeria's cryptocurrency landscape, how have regulators responded, and what does the future hold?

Our guest today is Timi Ajiboye, co-founder and CEO of BuyCoins, a service that enables users trade cryptocurrencies. Timi shares what he's learned from building one of Nigeria's largest cryptocurrency platforms.

In this episode, we talk about

00:00 - Introduction

01:07:12 - Timi's journey to founding a cryptocurrency exchange

02:00:15 - A brief introduction to cryptocurrencies

03:34:22 - The inspiration behind BuyCoins

06:50:11 - The process of introducing BuyCoins to Nigerians

09:20:28 - BuyCoins' goals for 2020 - expansion and more

11:00:21 - Milestones and volumes

11:52:27 - [Paystack Merchant Alert] Introducing Aella Credit paystack.com/aellacredit

12:48:00 - Exploring the cryptocurrency regulation landscape across Africa

14:47:17 - The question of regulation in Nigeria

16:28:17 - How BuyCoins maintains customer safety

18:56:17 - What Nigeria stands to gain from trading cryptocurrencies

21:32:00 - The most important question

Follow Us

The Decode Fintech newsletter is a weekly email summary of the most important news in African fintech. Subscribe to receive original commentary and curated stories, as well as the latest episode of the podcast.

Decode Fintech is brought to you by Paystack

Paystack helps Africa's most successful fintechs build powerful and scalable financial service products with the industry's best-documented APIs. Please visit paystack.com/fintech to find out more.

Search
Clear search
Close search
Google apps
Main menu