How Cryptocurrency drives change for Nigerians - Daily Post Nigeria

Nigerians make more bitcoin searches than any other country in the world and it can drive monumental changes within Nigeria and across Africa.

If you were told to think of the country with the most bitcoin related Google searches in the last year and also one of the bases of a renowned crypto exchange operating in 40 countries, you would probably picture Switzerland, the UK or maybe China. In fact, the country in question is Nigeria. Locals here make bitcoin searches the most frequently and host high-profile companies like Luno who offer a completeThe lure of cryptocurrency in Nigeria is the same for many African countries.

This has proven to be the case in Nigeria where locals still trade on home and foreign platforms in abundance. It is estimated the Nigerians are trading around £3.5 million per week.Cryptocurrency remains popular in Nigeria because it has the power to leverage real change. Despite one of the fastest-growing economies in Africa, poverty levels are still high compared to the rest of the world and cryptocurrency can go some way to combating that.

Giving Nigerians easy access to bitcoin and borderless payments allow them to avoid cross-border fees when receiving money from family members abroad. It also allows them to invest in crypto, trade and offers more entrepreneurial opportunities.Nigerians may want their higher authorities to rethink their stance on crypto and consider regulating it.

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