Bitcoin Trading Comes to Nigeria
South African bitcoin exchange ICE3X has now made it possible to trade bitcoin in Nigeria through a partnership with Nigerian payment processor VoguePay. Exchange founder Gareth Grobler described the situation with enthusiasm, and feels that Nigeria, Africa's most populous country, is the prime area for a possible bitcoin market: "The market... is potentially massive. VoguePay have spotted the opportunity bitcoin offers, seeing as one of the primary attributes of bitcoin is its security. Nigerian online consumers simply do not have the same access to goods and services from international....
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Interest in the world’s top digital currency Bitcoin is growing rapidly in Nigeria, says an official of BitX which recently announced that its smart wallet hit 100,000 downloads on Google Play. BitX is one of the three most popular Bitcoin exchanges operating in Africa - serving South Africa and Nigeria - and parts of Southeast Asia. BitX Business Developments head, Werner van Rooyen, says: “... We're up across all metrics in Africa; be they new accounts, app downloads, active users, or trading volumes. I'm especially excited about the potential in Nigeria, where not only the Bitcoin....
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Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria has traded the equivalent of 60,215.7 BTC – more than any other country in the world. Only the U.S. exchanged more bitcoin – 535,660.3 BTC. With trades of $55.3 million or 5,894.8 BTC,....