Stellar Development Foundation CEO Denelle Dixon discussed the digital dollar project on the Stellar network in Bermuda and Ukraine and on why she’s excited about other crypto projects in Nigeria, Mexico, Argentina and Brazil.
Coin Desk tweeted: “I think ultimately what we’re going to see is a partnership between governments and the private sector with regards to digital assets,” @StellarOrg’s @DenelleDixon says about Nigeria’s crackdown on cryptocurrencies.”
When asked about Stellar doing some interesting projects in Nigeria and about governments that are involved in cryptocurrencies in a couple of ways. Nigeria has been suggesting that they develop on cryptocurrency, what you think is their outlook there in terms of crypto. Do you think Nigeria will crackdown on cryptocurrency or do you think it will continue to allow to thrive?
Denelle stated, ultimately what we are going to see is a pretty nice partnership between the government and the credit sector with respect to cryptocurrency and digital assets. You know the Central Bank issued a rule making and it really freaked everybody out and there were really a strong corridor between Nigeria and Europe and Stellar slowed that corridor because of the concern, but then we saw the senate jump in and other regulatory bodies jumped in to Nigeria and everybody are thinking that we are going to talk about it too much and think about it too much really engaged with the private sector.
And, from our stand point, we are absolutely clear that it cuts both ways with governments. The way that we can actually make this work. It is when there is a nice partnership and governments really explore what the private sector is doing. So, all of those fears that governments have about new technology can be understood a little bit better. Not so overseen in Nigeria – so I can definitely see a positive development a really strong open corridor there.
What are some of the other emerging markets that you are so excited about? Just not that cryptocurrency, if there are any market that are on the people’s radar where there is lot of action happening in the cryptocurrency.
And, I think if you think about the value of blockchain and the notion that we are bringing new tools and new technologies to the unbanked and the underbanked, think about that in this developing market so we see a lot of activity in Mexico, Argentina, and in Brazil where it is challenging in terms of how you use fiat money in terms or internet and so we are seeing some action in there and I think we are going to see some movement there as well.
And of course, there are so many regions in Africa that are just thriving and she stated that it is just an amazing time to be involved in this space at this point in time.
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