The exit of Binance from Nigeria will have huge effect on the revenue of Internet service providers in the country, an IT expert, Professor Haruna Chiroma, has said.
Chiroma, a lecturer at Hafr Al-Batin University, Saudi Arabia, said the crackdown on Binance by the Federal Government would make Internet service providers witness low traffic as demand for large volume of data would reduce as a result of the crackdown.
The Saudi based IT expert in an interview with our reporter via phone also added that the impact on the Binance crackdown would be more on the economy than the IT infrastructure.
“From the perspective of the IT, the Binance is crypto platform build on the blockchain technologies, thus, crackdown on the Binance can reduce the growth of blockchain technology in Nigeria. Internet service providers networks can witness low traffic as demand for large volume of data will reduce as a result of the crackdown”, he said.
