Could Nigeria’s Decision to Halt Dollar-Sales Boost Bitcoin Adoption?
Nigeria’s national currency Naira plummeted in value against the US dollars, amid the collapse of global oil prices. Although the Bitcoin industry and the market for the digital currency is still fairly small in size, ice3x.com founder Gareth Grobler predicts to see a rapid change in the rate of adoption and awareness of Bitcoin in Nigeria in the near future. Nigeria’s national currency Naira plummeted in value against the US dollars, amid the collapse of global oil prices. The central bank of Nigeria and President Muhammadu Buhari has already begun implementing various currency controls....
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