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.This figure became public thanks to the research of Finder Cryptocurrency Adoption Index, which disclosed that 24.2% of Nigerians invest in at least one digital asset.Nigerians love BTCA further breakdown … [Read more...] about Nigeria ranks ahead of U.S., others in crypto ownership. Bitcoin remains hot favorite.
Nigeria
Federal High Court of Nigeria approves eNaira CBDC rollout
The Nigerian Federal High Court joins the growing list of regulators across the globe to approve the rollout of a central bank digital currency (CBDC) as a legal tender. Named eNaira, the digital currency will be issued by the central bank and supported by a homegrown eNaira wallet. Nigeria’s CBDC issuance approval was revealed in a federal court hearing held on October 2 led … [Read more...] about Federal High Court of Nigeria approves eNaira CBDC rollout
Nigeria to pilot central bank digital currency in October
For much of 2021, the Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures. Yet, the institution has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear date for the pilot scheme of its blockchain-powered central bank digital currency (CBDC).On October 1, CBN will reportedly … [Read more...] about Nigeria to pilot central bank digital currency in October
Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging
Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › Africa › AdoptionAvailable information has shown that Nigeria has recorded tremendous growth in its crypto P2P trade volume despite the imposed restrictions on the … [Read more...] about Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging
Currency devaluation in Nigeria is driving a crypto boom in the country
Data from analytics firm Chainalysis shows that in May, Nigerians received a marked increase in crypto compared to last December.Observers say this is partly due to the central bank’s recent currency devaluation, which weakened the naira to its lowest ever level against the dollar.The resulting boom in crypto activity lends support to the idea that cryptocurrency provides a … [Read more...] about Currency devaluation in Nigeria is driving a crypto boom in the country