Digital Economy: What can Nigeria learn from Canada [ARTICLE]


The digital economy offers the same services, the same revenue streams and the same number of jobs, but it definitely has a learning curve.


The coronavirus completely destroyed the traditional economic model and although it will definitely rebuild over the course of this year, the impact will remain with us for years to come. These special circumstances have created a greater need for the digitization of these services and Canada is one of the countries that has always believed in the importance of development and the digitization of the economy in general.


Many countries agree that Africa is still in the early stages of the pandemic and, if there is anything the world has learned from this pandemic, despite the origins and characteristics of the virus, it is that the economy has also suffered immensely from it, unless the local company find a way to digitize their services and stay online in order to keep their business up to date and keep their customers as well. Nigeria has been one of the countries in the regions that has dealt with the pandemic more easily, but there is still much that could be done better in the coming weeks that would make the outbreak of COVID -19 much easier in action and it may be necessary to seek Canada for example.



Canada is one of the countries that has always encouraged companies to go online. Even from 2016, they have created a space where companies and online businesses can thrive. As a result of today, Canada has a thriving digital community. Companies that operate online, like online casinos, have taken off across the country. Playing in Canada is pretty standard entertainment, but it allows the digital aspect to go ahead and create a space for a online casino in canada developing has just created many opportunities for new followers. This means that the gambling industry can retain new customers with or without a pandemic and appeal to new demographics.

The Canadian economy grew 3.3% this past year and is larger than the online economy, which means that the iGaming, iBanking and other similar industries operate online in Canada. IBanking has contributed a lot to the Canadian economy this year, making it one of the top 10 economies in the world once again. Canada was also very good at encouraging the use of Bitcoins, with several casinos across the country allowing the use of bitcoins as a legitimate payment method. And it's not just the casinos. There are several other establishments that also accept cryptocurrencies and there are Bitcoin ATMs across Canada to make using these cryptocurrencies more convenient and simple. Canada is an exception, of course, because many countries have their own cryptocurrency preservation and, of course, the digitization of their business sector.

When Canada decided to grant legitimacy to mobile applications that offer gambling services, increasing convenience for users and making online gambling more accessible, it became quite clear that the provision of services in digital format had a major impact on their adoption and profitability.

Canada is definitely a digitized nation. They use technology for everything and every day. This can only mean positive development for the country, as it progresses and, especially, during a pandemic such as this or any situation that makes it impossible to leave in real time and attend work or school. There is no consensus on whether or not we should all make the transition to the fully digitalized economy, but having tradition and the digital economy is definitely an advantage.

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