Thursday, August 27, 2020




   With sophisticated scam schemes seemingly flooding the African crypto market, there is a growing need for players in space to help fight this scourge. Some responded through increased education campaigns, which they hope will not only turn things around against scammers but will also draw large crowds to cryptocurrency. has reported in the past how one Nigerian fintech entity chose a popular reality television show to market bitcoin. Using popular television shows may have helped bring crypto to the limelight. However, there is still much to be done if the average person wants to know fully about digital currencies.

In this report, we take aim at one influencer who has chosen a different path to crypto education - a book that explains digital currency in simple terms. Nathaniel Luz is the author of a book entitled: “Digital is the Cash” and leader of Dash in Nigeria since 2017.

Using a Book to Raise Awareness

An award-winning libertarian, Luz says he decided to write the book after observing the yawning knowledge gap that still exists in the crypto space. According to him, current African crypto literature seems too focused on equipping readers with trading basics and tactics.

Not enough is being done to educate people about the very basics of digital currencies and why they are needed digital currencies in the first place. The limited knowledge gained from such learning material is not enough to hasten adoption cryptocurrencies. According to Luz, these are some of the factors that prompted him to think about writing the book.

Published in 2019, the book seeks to help Africans as well as non-Africans readers to understand the Dash cryptocurrency without burdening them with unfamiliar terms. Since publishing, the book has been distributed to regulators, universities, and many more mainstream institutions in Nigeria.

Positive Feedback

Commenting on the response he got, Luz expressed his satisfaction with what he had seen so far.

"So fabulous. The (positive) feedback from regulators, educational institutions and organizations has been tremendous. This campaign has enabled us to reach thousands of people in a way they are familiar with - Hardcopy books. "

Organizations targeted as part of Dash Nigeria's "Digital Cash Awareness Drive" include the Nigerian Deposit Insurance Corporation (NDIC) and the Abuja Securities and Exchange Commission.

Nigeria's Chartered Institute of Bankers, which also received a copy of the book, was one of the organizations that dealt a hard blow to Luz and his team. In a letter addressed to Luz, the institute said of the book: "the publication will be excellent reference material for the Institute and for its library users."

Likewise, a library official at Obafemi Awolowo University, Ile-Ife in Nigeria, praised Luz for his efforts in trying to uncover digital currency. "This book is indeed a rich information package that will give all readers an easy understanding of the new digital cash system," the official said.

English books are also available in French, Spanish and German. According to Luz, "the book is licensed under the Creative Commons Attribution-Non-Commercial-Share Alike 4.0 International License, so anyone can reproduce it as long as it's not for commercial purposes."

Meanwhile, Leader of Dash in Nigeria said his organization has also partnered with 125 members of the Nigerian Fintech Association whose communities "cross different sectors of the economy including financial service solutions providers and banks."

Another partnership has been created with Campus BCAT, a crypto education movement that has swept tertiary institutions in Nigeria since 2019. According to Luz, Campus BCAT has “committed to donating 1,000 copies to universities and student technology / finance clubs in 30 universities in Nigeria. "

The campaign has also crossed Nigeria's borders as "similar educational outreach in Cameroon, South Africa and Kenya is also underway."

Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions

 Apart from books, Dash Nigeria also produces educational videos in addition to academies.

Libertarian Ideals

Meanwhile, while supporting his libertarian ideals, Luz explained why cryptocurrencies beat fiat currencies like Niara, which has recently undergone a devaluation. “This (currency devaluation) is a problem crypto wants to solve. Crypto was born out of the libertarian ideology of people having complete control over their money. A P2P uncensored, borderless and permissionless value transfer system that doesn't rely on a central authority for validation. " Luz also argues that most cryptocurrencies have deviated from the core "libertarian values" with the space now dominated by "the song of the bull and the moon." However, he emphasized his vision by saying "we are not here primarily for the bull and the moon, we are here to secure individual financial strength." According to Luz, Dash is one cryptocurrency that has remained true to these values. He says it's faster and cheaper to send money or make payments with Dash.

What do you think about the idea of ​​publishing an order explaining this digital currency? Share your thoughts in the comments section below.

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