Follow-Up: While the West Debates CBDCs, the Global South Is Already Using Crypto to Eat

By Johnbull Myson | The Node Next Door | 10 May 2025


Previously, I said politicians hate crypto not because it’s risky — but because they can’t control it.
Now let’s zoom out.

Because while G7 nations are still drafting 300-page whitepapers on how to regulate DeFi, people in Nigeria, Argentina, and Turkey are already buying groceries with USDT.


Western Leaders Think Crypto Is a Future Problem — For the Global South, It’s Already the Present

Let’s face it:
In some parts of the world, you don’t buy crypto to speculate — you buy it so your paycheck doesn’t melt before the weekend.

The IMF can keep sending “advisors.”
Politicians can keep calling it a threat.
But no amount of panel discussions in Geneva is stopping a Nigerian from swapping naira for stablecoins on a Telegram bot — because FX scarcity, inflation, and bank limits are realer than the SEC.


BRICS Is Whispering About a New Currency — And Nobody’s Laughing Anymore

Remember when people laughed off BRICS?

Now they’re:

  • Holding summits about de-dollarization

  • Discussing gold-backed alternatives

  • And quietly exploring blockchain-based settlement layers

This isn’t fringe talk anymore — it’s macro chess, and crypto is one of the few tools small nations can wield without asking the IMF for permission.

Spoiler: The world is tired of asking.


CBDCs vs. Crypto in Africa: The People Already Chose

While countries like Nigeria push CBDCs (like eNaira, which nobody asked for), guess what’s actually being used?

Stablecoins. P2P. Mobile wallets. On-chain swaps.

The youth didn’t wait for a government solution.
They built their own.
And now we’ve got an entire underground economy running faster than your bank’s website loads.


Meanwhile, In The West…

Regulators are still deciding if staking is a security.
Congress still thinks crypto = scams.
And Wall Street? They only care now because it’s ETF season.

But while they’re playing compliance bingo, a 19-year-old in Kenya just made his rent flipping coins on Solana, while his older brother hedged inflation through DAI.

That’s not speculation. That’s survival.


Final Word

Crypto isn’t just a tool for rebels and gamblers anymore.
In many countries, it’s becoming the unofficial financial system.

So here’s the real twist:

The crypto revolution isn’t starting in Silicon Valley.
It’s starting in Lagos, Buenos Aires, Karachi, and Johannesburg.

And by the time the West finishes arguing over legislation, the Global South might already be leading the new financial order — powered by code, not permission.

 

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Johnbull Myson
Johnbull Myson

Hey, I’m Johnbull — a professional Digital Marketer, Social Media Manager, and Community Manager/Moderator. I specialize in building online presence, managing Web3 communities, and driving real engagement across platforms.


The Node Next Door
The Node Next Door

Welcome to the wild side of Web3. I’m Johnbull — digital marketer, community mod, and full-time crypto lunatic. This blog covers the real stories behind airdrops, token flops, Discord chaos, and everything in between. No fluff, no fake hype — just raw takes, lessons from the trenches, and thoughts from someone who lives on-chain. If you like Web3 with a pulse, you’ll feel at home here.

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