Cryptocurrency use in Nigeria continues to grow
Despite the strong measures that the government has applied against this activity, citizens continue to bet heavily on the exchange of bitcoin
Nigeria continues with its process of adopting cryptocurrencies, despite the measures that the local government has applied against these transactions.
As recorded on various bitcoin P2P trading platforms, the second strongest week on exchanges was recorded during July.
The data presented by Google Trends highlights that the African country ranks first in the search for the word bitcoin, which provides an idea of the interest of citizens in the subject.
The growing adoption of bitcoin in Nigeria has helped Sub-Saharan Africa become the leading region in P2P volume, with a weekly volume of 18.8 million dollars, surpassing 18 million in North America this last week.
Despite the measures that the country is applying, it has been assured that it is exploring the development of a digital currency created by a central bank (CBDC). The first tests are expected to be carried out in October this year.
K. Tovar
Source: Cointelegraph
