Curious About Bitcoin, Nigerians See Increasing Opportunities to Buy and Spend Cryptocur…

Higher prices since the start of the year have been restoring popular interest in cryptocurrencies. Google searches for “bitcoin” have increased since December to about half of those registered in June last year. There’s one country that sticks out as a benchmark for the indicator. Nigeria has consistently topped the chart in the past 12 months. Only a couple of other African nations, Ghana and South Africa, come close.

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Socio-Economic Hardships Pave the Way for Crypto Adoption in Nigeria

Although it’s the continent’s largest economy, Nigeria is facing numerous economic and social challenges. Last year it overtook India as the country with the largest population living in extreme poverty, almost 87 million of its 200 million people. In the past two years, the Nigerian economy has returned to growth but since last summer inflation has been rising too, with the annual…