Cryptocurrency adoption surges in Nigeria, report finds

2023-9-20 15:15

The significant depreciation of the Nigerian naira has led to a growing interest in crypto. According to the report, Nigeria's young and tech-savvy population has eagerly embraced cryptocurrencThe post Cryptocurrency adoption surges in Nigeria, report finds appeared first on AMBCrypto. origin »

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report nigeria cryptocurrency finds adoption surges eagerly

Источник: ambcrypto.com

report nigeria → Результатов: 26


Nigeria’s eNaira stablecoin becomes focus of new IMF report

Nigeria’s central bank digital currency project, eNaira, is drawing attention and interest of leading financial institutions and it also gaining traction amongst other country’s central banks looking to initiate a similar project according to a report released by the International Monetary Fund (IMF) eNaira to boost remittance The report, authored by economist Jack Ree, explained […] The post Nigeria’s eNaira stablecoin becomes focus of new IMF report appeared first on CryptoSlate.

2021-11-22 11:00


Remittance and Fiat Devaluation Drives 1200% Growth in Africa’s Crypto Market: Chainalysis Report

Africa, the smallest crypto-economy, which received $105.6 billion worth of cryptocurrency between July 2020 and June 2021, saw a growth of more than 1200% by value received in the last year. According to a report by Chainalysis, the region is seeing some of the highest grassroots adoption in the world, with Kenya, Nigeria, South Africa, […] The post Remittance and Fiat Devaluation Drives 1200% Growth in Africa’s Crypto Market: Chainalysis Report first appeared on BitcoinExchangeGuide.

2021-9-16 22:26


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New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices

Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices of food and agricultural inputs like fertilizer.” Misaligned Exchange Rates […]

2021-6-22 14:30


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Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods

According to a recent Mastercard payment index report, the Covid-19 related lockdowns helped spread the use of cryptocurrency in three African countries, namely Nigeria, Kenya, and South Africa. The report also reveals that a greater number of consumers from these countries are “likely to use one emerging payment method in the coming year.” More Respondents […]

2021-5-12 07:00


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Nigerians Using Bitcoin for International Trade Despite Regulatory Uncertainties 

Bitcoin (BTC), the world’s flagship cryptocurrency is rapidly gaining traction around the world as a tool for international trade and commerce. Several forward-thinking businessmen in Nigeria are now using the blockchain-based digital currency to scale the hurdles of foreign exchange in the region, according to a report on August 13, 2020.

2020-8-14 23:07


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Nigeria caught in WhatsApp fake news whirlwind ahead of elections

After numerous infamous cases of people in India and Brazil falling prey to fake news spread on WhatsApp, the problem is now spreading to Nigeria. The West African nation is hosting its national elections in February next year, and a report from The Poynter Institute says its citizens are at risk of being conned by misinformation surrounding political parties – and it’s reaching people through WhatsApp.

2018-12-3 11:35


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