Showing posts with label Luno. Show all posts
Showing posts with label Luno. Show all posts

Friday 4 December 2020

Cryptocurrency: Why Bitcoin is top of the most searched words by Nigerians

 

Image: Theguardian.com

Nigeria is 8th in crypto adoption globally, transacting $43m during the lockdown.

One major driver of crypto adoption in Nigeria is the growing number of tech savvy young people in the country, and also lack of trust in the government's capability to manage the economy well, so people hedge against inflation to avoid "stories that touch".....such as N500 pot of soup for a family of five.