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XinoZee

@xinozee

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Bridging the Payment Gap: The impact of USDC on African Freelancers in the Global Marketplace In today's digital age, the gig economy has emerged as a transformative force in the global labor market. Freelancing, defined as the act of performing specific work for clients without committing to full-time employment, is majorly done online and has become an increasingly popular option for workers across the world. The African Freelance Landscape According to World Bank estimates, there are approximately 17.5 million online gig workers in Nigeria, Kenya, and South Africa. The broader African gig economy is valued at $28 billion, encompassing 120 million self-employed individuals with an annual growth of 17%. This growth mirrors the global trend, with the worldwide freelance platforms market expanding from $2.35 billion in 2018 to $3.39 billion in 2020. ➡️ https://x.com/XinoZee01/status/1820132982516015509?t=HIXa9tvBkVjmgzQZJjS6Kg&s=19
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Regulatory Frameworks and Cryptocurrency: The Importance of Crypto Companies Registration The emergence of cryptocurrency has ushered in an era of open money, where individuals across various geopolitical and geographical zones have access to financial systems with little or no constraints. It's crucial to understand that the primary attribute of cryptocurrency is decentralization, which allows for peer-to-peer transactions without the need for intermediaries like banks or governments. While this decentralization offers numerous benefits, such as increased financial inclusion, seamless cross-border transactions and reduced transaction costs, it also presents challenges for regulators and governments. As the cryptocurrency market has grown and matured, the need for appropriate regulatory frameworks has become increasingly apparent, particularly in light of concerns about illicit activities ➡️ https://x.com/XinoZee01/status/1818029178010353835?t=0ysMo677XSW8PgFJ27Ch3w&s=19
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Navigating Remittance Challenges in Africa: The Advantage of Cryptocurrency for Efficient Cross-Border Transactions The rising emigration of Africans overseas has underscored the importance of international remittance for both host countries and homelands. By 2020, over 41 million Africans had emigrated, marking a 30% increase from 2010. Nigeria, according to the World Bank's Migration and Development Brief, received the highest remittance inflows in Africa, totaling $19.2 billion in 2021. Despite these substantial flows, dissatisfaction with traditional financial (TradFi) remittance mechanisms persists. Services like Western Union and MoneyGram often impose high costs and intricate procedures for cross-border transfers. For instance, sending $700 through traditional channels can incur fees ranging from $10 to $50, with additional charges to be incurred by the recipient. Moreover,➡️ https://x.com/XinoZee01/status/1816242488857764336?t=FB8rRfHpEOuizG19gU-P5A&s=19
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