The Unseen Architects of a Digital Gold Rush
When people are desperate to protect their wealth, they don’t just sit on their hands. They scramble for lifeboats. In Nigeria, that lifeboat is increasingly digital, taking the form of investment apps offering a slice of global markets. Everyone is talking about the local fintech heroes building these platforms. To me, that’s like focusing on the gold miners during a gold rush. The smarter money, I’ve always found, is on the quiet chaps selling the picks and shovels.
In this modern gold rush, the picks and shovels are the vast, invisible payment networks that make it all possible. Think about it. Every time a Nigerian investor moves money from their bank account to an investment app, who processes that payment? Very likely, it’s a company like Visa or Mastercard. They are the tollbooth operators on the new digital highway to wealth preservation, and business, I suspect, is booming. They don’t care which investment app wins, they get a tiny slice of every single transaction, win or lose.