2024-3-8 16:19 |
Adoption of the central bank digital currency pales in comparison to the use of cash in the country. origin »
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The Central Bank of Nigeria has partnered with Gluwa, a blockchain infrastructure firm, to drive the adoption of the country's central bank digital currency, the e-Naira.
2024-3-8 22:28 | |
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Nigeria is set to lift the crypto ban with new guidelines from the Apex Bank. The country continues to see a rising crypto adoption rate. Nigeria has been actively discussed in cryptocurrencThe post Nigeria embraces crypto with revised policies - what now? appeared first on AMBCrypto.
2024-1-3 18:30 | |
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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.
2023-9-20 15:15 | |
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Nigeria, Africa’s most populous nation, has witnessed a burgeoning interest in digital currencies. According to a report, Nigeria’s recent spike in crypto usage can be attributed to economic conditions and the nation’s youth-driven technological resurgence.
2023-9-20 00:00 | |
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The index assessed more than 150 nations to determine grassroots cryptocurrency adoption. The Central and Southern Asia and Oceania (CSAO) region dominated the top of the 2023 index. India The post India, Nigeria, Vietnam lead grassroots crypto adoption: Report appeared first on AMBCrypto.
2023-9-13 17:00 | |
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Chainalysis’ upcoming Global Crypto Adoption Index indicates that the broader Asia region is driving grassroots cryptocurrency adoption.
2023-9-13 17:08 | |
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As 130 economies explore CBDCs, the Bahamas, Jamaica, and Nigeria have fully launched their versions, while G20 nations proceed cautiously. According to the Atlantic Council Central Bank Digital Currencies (CBDC) Tracker updated on Aug. 16, only three countries have fully…
2023-8-29 13:26 | |
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Coinspeaker Nigeria’s Apex Bank Modifies eNaira Model to Boost Adoption Today, the eNaira continues to face many challenges from the nation’s monetary policy and financial stability. Nigeria’s Apex Bank Modifies eNaira Model to Boost Adoption
2023-7-26 15:02 | |
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Africa's adoption of CBDCs isn't just a trend; it's a transformative push towards financial inclusion. As nations like Nigeria and Ghana lead, they're setting global standards in the evolution of digital currency.
2023-7-20 01:30 | |
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Formal approval for blockchain technology in Nigeria marks an about-face for the government and it could increase Bitcoin adoption.
2023-5-17 15:00 | |
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Nigeria, the most populous African nation, experienced a severe cash shortage and these shortages have increased the adoption rate of its CBDC, the eNaira. Nigeria is the first African nation to launch a sovereign digital currency.
2023-3-23 22:00 | |
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Nigeria witnessing increased CBDC adoption nearly 18 months after launching its national CBDC amid an acute cash crisis. The value of eNaira transactions has increased to 22 billion nairas ($47The post CBDC adoption grows in Nigeria amidst cash crisis appeared first on AMBCrypto.
2023-3-22 17:00 | |
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Nigeria’s bitcoin (BTC) premium has reportedly risen by 60%. The surge comes as the state’s central bank limits ATM cash withdrawals to a maximum of $44 daily. Nigerian Central Bank limits cash withdrawals According to recent reports, Nigeria’s BTC premium…
2023-1-30 12:45 | |
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Nigeria’s Central Bank Digital Currency (CBDC) e-Naira is failing because of low adoption rates while the government is trying to drive adoption higher, Bloomberg News reported. The post Less than 0.
2022-12-28 17:45 | |
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Nigeria has put forward a significant legislation design that will further facilitate cryptocurrency adoption in the country with over 200 million inhabitants. Why this matters: If the Investments and Securities Act, 2007 (Amendment) Bill passes, the Nigerian securities and exchange commission (SEC) will recognize cryptocurrencies and other digital assets as capital for investment.
2022-12-25 15:03 | |
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Nigeria has put forward a significant legislation design that will further facilitate cryptocurrency adoption in the country with over 200 million inhabitants. Why does this matter? If the InvesThe post LBank welcomes Nigeria’s push to recognize crypto as investment capital appeared first on AMBCrypto.
2022-12-23 15:45 | |
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Worldwide adoption of Bitcoin started with countries resisting the control of their centralized fiat currencies. For over five years, Nigeria, El Salvador, Ghana, and more have witnessed a growing trend for “How to buy Bitcoin” Google searches.
2022-12-22 12:59 | |
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Nigeria is set to pass a bill that can recognize Bitcoin (BTC/USD) as well as cryptocurrencies. The main goal is to keep up with global practices, and if the Investments and Securities Act 2007 (Amendment) Bill is signed into law, it could enable the local Securities and Exchange Commission to recognize cryptocurrency and other digital […] The post Top cryptocurrencies that have mainstream adoption potential appeared first on Invezz.
2022-12-19 16:17 | |
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The slated law comes as Nigeria's eNaira has only managed to obtain a 0.5% adoption rate, a little more than a year after its launch in October 2021.
2022-12-19 08:45 | |
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It has been one year since Nigeria launched Africa's first central bank digital currency (CBDC), but reports find that the response is all but overwhelming. The post One Year on, Has E-Naira Defeated the Private Crypto Adoption? Apparently Not appeared first on BeInCrypto.
2022-11-2 18:40 | |
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With less than 0.5% adoption, the central bank of Nigeria is struggling to push its eNaira CBDC to its citizens.
2022-10-26 07:28 | |
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Chainalysis ranks Nigeria and Kenya 11th and 19th based on crypto adoption. The analytics firm expects adoption in Sub-Saharan Africa to keep rising.
2022-9-29 20:00 | |
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Paxful CEO Ray Youssef said that the current growth trends in Ghana show it has the potential to be a leader in terms of crypto adoption.
2022-9-29 13:57 | |
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Authorities in Nigeria and cryptocurrency exchange Binance Holdings Ltd. are in talks tto create a digital economic zone that will support blockchain technology adoption by businesses in the West African country.
2022-9-8 00:59 | |
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Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.
2022-8-11 01:30 | |
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Nigerian banks are reluctant to promote Nigeria’s low-cost central bank digital currency, e-Naira, due to concerns of losing revenue. The post Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue appeared first on CryptoSlate.
2022-7-20 17:00 | |
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Nine months after launching the eNaira, the head of Nigeria’s central bank has criticized commercial banks over its lack of adoption. The post Nigerian Commercial Banks ‘Apathetic’ Over CBDCs, says Governor appeared first on BeInCrypto.
2022-7-20 13:30 | |
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Renewable energy potential, wide adoption and deflationary fiat make Nigeria the perfect home for extensive bitcoin mining operations.
2022-6-17 08:00 | |
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Nigeria celebrated the launch of its central bank digital currency [CBDC] with pomp. It also noted massive adoption within just a couple of days - with 367,000 consumer wallets and over 58,600 merchanThe post Nigeria: Was e-Naira's vision of financial inclusion just a mirage? appeared first on AMBCrypto.
2021-11-7 21:30 | |
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In a finding that has returned conversation about the growth of crypto adoption in Nigeria, the country has been ranked as having the highest rate of crypto ownership globally. The post Nigeria ranks ahead of U.
2021-11-1 17:00 | |
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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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According to a recent study published by independent research group Finder, one-in-six of all people in Australia claim ownership of cryptocurrency. The post Australia Crypto Adoption Rates Tops USA and UK, but Falls Behind Nigeria appeared first on BeInCrypto.
2021-9-4 17:35 | |
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In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global adoption majorly driven by peer-to-peer platforms.
2021-8-20 13:00 | |
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Nigeria, the most populous black nation, has seen significant growth in Bitcoin adoption. The African country, despite the censorship of cryptocurrency trading by the government, has been one of the leaders in Bitcoin peer-to-peer trading globally.
2021-8-11 18:06 | |
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Bitcoin trading has always seen high adoption in countries with currencies that are depreciating fast. The West African country of Nigeria has always been at the forefront of BTC adoption in the region.
2021-8-7 20:00 | |
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Countries like Nigeria, which are classified as emerging markets with weak economies, are seeing a huge surge in crypto activities. As with the case in Nigeria, these activities are usually related to crypto companies and exchanges opening operations in the country and recording significant growth in trading volume. This time though, the news is coming […]
2021-6-28 23:49 | |
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Nigeria’s government is looking to drive blockchain adoption as part of its plans to establish emerging technology centers across the country.
2021-6-24 13:56 | |
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The Government of Nigeria on June 5th announced a ban on the social media platform, Twitter, restricting it from operating in Nigeria through the office of the Minister for Information and Culture. This action reportedly comes after Twitter deleted tweets by the President threatening a repeat of the Nigeria-Biafra 1967 Civil War. The ban has […]
2021-6-7 18:07 | |
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With a population of over 200 million, Nigeria is widely regarded as one the biggest crypto markets in the world. Some in the crypto world believe Nigeria is one of the few countries better placed to see a greater acceptance of digital currencies.
2021-4-15 09:30 | |
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Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
2021-2-18 08:47 | |
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Observers until now regarded Nigeria as one of the major players on the African continent when it comes to cryptocurrency adoption. However, the latest stance by the Central Bank of Nigeria (CBN) could drastically alter this view.
2021-2-6 17:14 | |
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The Central Bank of Nigeria’s “Naira defense” policy is pushing more Nigerians toward Bitcoin and crypto adoption.
2020-12-18 15:31 | |
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Africa’s largest economy has become a bastion for crypto adoption.
2020-11-25 01:22 | |
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This was revealed in Lagos on Nov 24 at the ‘Fintech In Nigeria: State Of Play’ conference organized by The Economist Intelligence Unit and Mastercard. Speaking at the event, Special Adviser on ICT to the Minister, Armstrong Takang stated that the Nigerian government “sees an opportunity” in crypto and blockchain adoption, and will thus create … Continued The post Nigeria’s Finance Ministry to Collaborate With SEC on Crypto Framework appeared first on BeInCrypto.
2020-11-24 23:05 | |
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Bitcoin and gold holder Dan Tapiero, says it is still early to talk of widespread crypto adoption as the proportion of users relative to the rest of the population remains low. Tapiero makes the remarks while referring to a study, which places Nigeria at top of the list of countries with the highest number of […] The post Macro Investor Dan Tapiero on Crypto Adoption: Emerging Economies Ahead of Developed States appeared first on Bitcoin News.
2020-10-20 08:30 | |
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Nigerian authorities are developing a roadmap for the adoption of blockchain technology in public administration and payments on a national scale.
2020-10-16 19:38 | |
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Ukraine, Russia, China, South Africa, Nigeria, Kenya, and the U. S. are among the top-ranking countries by cryptocurrency adoption, according to the 2020 Global Crypto Adoption Index compiled by blockchain data analytics firm Chainalysis.
2020-9-9 19:45 | |
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Bitcoin continues to gain traction in Africa, with Kenya being the most bitcoin maximalist country, with 94. 7% dominance. The top 10 list also contains Nigeria at the 5th spot and South Africa at the 6th spot.
2020-7-5 18:41 | |
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Bitcoin adoption in Africa continues to ramp up. On peer-to-peer bitcoin exchange platform, Paxful and LocalBitcoins, Nigeria's Naira accounted for $9 million of trading volume each week. This growing usage has Nigeria's Naira second most used currency after the US Dollar.
2020-5-22 21:23 | |
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Blockspring, a startup that makes tools for collecting and managing data from APIs, has been acquired by Coinbase.
CoinMarketCap, one of the most popular crypto data tracking websites, announced a new pro-level and fee-based API on Wednesday.