The US-based startup is expanding its operations into Senegal after conducting pilots in Nigeria.
Latest stories and analysis of blockchain and digital assets developments in Nigeria.
Bitmama would gain access to Payday's customer base through this deal, bringing the crypto company one step closer to its objective of promoting crypto-based remittances in Africa.
Cardoso said that the previous CBN administration deployed unorthodox policies, resulting in an uptick in inflation.
The Federal Executive Council also approved a total limit of 2 trillion naira for the Ministry of Finance to reduce the country's debt servicing.
During wars and protests, cryptocurrency offers people an escape route. It provides a means of financial freedom and independence from traditional financial systems.
The crypto scam entity lured investors by falsely claiming to invest their money in Bitcoin mining equipment, promising exorbitant returns.
The fintech company decided to focus solely on banking services for small businesses, which constrains it from offering crypto services.