Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira

If there’s a place where cryptocurrencies draw significantly more attention than anywhere else right now, it has to be Nigeria. Africa’s largest economy is driven by its oil exports, expanding manufacturing, financial services, communications and information technology sectors, but also by a tech-savvy generation that asks Google about Bitcoin more than its peers in other countries. Despite the progress, however, cash remains the only option for many Nigerians to buy cryptocurrency. New services are aiming to satisfy that demand.

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Half of Nigeria’s Population Remains Financially Excluded

Nigeria accounts for close to a quarter of all internet users in Africa. Over 123 million Nigerians have access to the web according to Internet World Stats latest data, and one would think that using an online platform to acquire cryptocurrencies isn’t an issue for them. Indeed,