Blessed Frank

For years, the enterprise world has treated the prospect of autonomous, AI-driven cyberattacks as a horizon issue. A theoretical storm brewing just far enough away to justify pushing major infrastructure upgrades into the next budget cycle. That comfort blanket was unceremoniously yanked off this week.

Global stock markets are experiencing a brutal “cold shower” as investors finally wake up from a 24-month trance of blind artificial intelligence optimism. According to Nigel Green, CEO of global financial advisory giant deVere Group, the severe wave of tech sell-off sweeping through the technology and semiconductor sectors is exactly what happens when a market suddenly demands hard proof instead of lofty promises.

For anyone who has closely tracked the African fintech ecosystem over the past seven years, the paradox of Nigeria’s crypto market is glaring. The country consistently ranks among the top global adopters of digital assets, yet the practical utility of these currencies for everyday commerce has remained virtually non-existent. People trade them and hedge with them, but buying a loaf of bread or paying at the supermarket with Bitcoin? That has always been a logistical nightmare.