When Nigerians are motivated, they can move things very fast, such that they will start wondering what this is all about. Their concern is to know whether it is safe, with the spate of money laundering and terrorism. The regulators of the world, including those in America, are asking the same question. Paxful is everywhere; we only need to engage the regulators and assure them that it is safe and can increase wealth for everyone.
Skepticism is healthy because a lot of people have been scammed in other places more than in the African countries. There are scammers outside the continent who are preying on Africans; so, skepticism is healthy. Some people will come up and tell you that bitcoin is going to blow up and that you should not just put your life’s savings there; that is a scam. What we have done is to create a platform where you can exchange any form of money and bitcoin is just a tool to make things easy.
My vision for the world is a place where people that deserve to have wealth are hardworking people. Look at what Nigerian youths have done in the last five years; they are leading the global cryptocurrency industry, and think of what the next five years will bring. Our goal is to educate the people by showing them that there is something that can actually help you in your everyday life.
An entrepreneur does not think of other things, but ideas. Look for problems. Do you have any problem sending or receiving money? Solve that problem for yourself with every tool you have. If crypto makes sense, great! And once you solve the problem for yourself, then think about trying it as a business. If it works and people are willing to pay a value for it, then you can scale it up. You scale up a business process that makes sense and keep fine-tuning the process.