Bitcoin Will Empower The Youth Of Nigeria
The young people of Nigeria are ready to harness the opportunity that Bitcoin represents to lead their country.This is an opinion editorial by Ray Youssef, CEO of Paxful and cofounder of the Built With Bitcoin Foundation.My plane wheels touched the tarmac, the excitement took over me — it was my first visit to Nigeria in a year, and it felt good to be back. Anyone who has listened to me over the last seven years, knows I have so much enthusiasm and belief in the future for the people of the Global South — and there is no country that I am more excited about than Nigeria. As I....
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Youth Business USA, a non-profit organization aiming to boost entrepreneurial initiatives from under-served populations, is looking to implement Bitcoin into the organization and "want [their] young entrepreneurs to acquire and use Bitcoin as they start and run their businesses to benefit from its advantages." Launched in 2014, Youth Business USA is a public charity and tech startup social initiative that "helps aspire young people between 18 and 29 years old make their business idea a reality." The charity provides business literacy, training, business mentoring, and up to US$5,000 in....
Nigeria, one of the biggest cryptocurrency markets in the world, recently emerged as the country with the highest number of bitcoin searches globally, according to Google Trends data. The data shows that the West African country has a search score of 100, which is more than double that of its nearest rival. Youth-Driven Interest According to one local report, Nigeria’s rise to the top of bitcoin search rankings signals the growing utility of the crypto in that country. The report also explains that country’s youth have been the decisive force behind this surge in bitcoin....
Nigerian presidential hopeful, Bukola Saraki, recently said he supports the digital currency industry which he claimed has created opportunities for the country’s youth. However, he insisted that there is a need for the enactment of laws that guide players in this space.
Digital Currencies Create Opportunities for the Youth
One of Nigeria’s presidential aspirants, Bukola Saraki, was recently quoted saying he supports digital currencies and that he does not think they will wreck the economy. The presidential hopeful nevertheless suggested that there must be....
Authorities in Nigeria and cryptocurrency exchange Binance Holdings Ltd. are in talks tto create a digital economic zone that will support blockchain technology adoption by businesses in the West African country. Binance In Talks With Nigeria According to a press release, Nigeria intends to use the Nigeria Export Processing Zones Authority (NEPZA) to establish the […]
Nigeria is set to become Africa’s FinTech hub after experiencing a boost in mobile money operations last year that has helped catapult the country to the forefront of media attention as it demonstrates its advancements in the sector. According to a report from Finextra, in 2011 mobile money operations in Nigeria grew from an average monthly transaction value of $5 million to $142.8 million in 2016. A key factor to this growth is down to the fact that Nigeria is experiencing a growing population. UN estimations predict that the population in Nigeria is expected to be greater than that in....