Nigeria Will Lead Bitcoin Adoption in Africa Soon
Many analysts are confident the drift will keep growing to the extent where Nigeria may overtake countries like Kenya and Ghana. Bitcoin adoption in Africa was being spearheaded by South Africa, Kenya, and Ghana, until recently. In fact, the year 2016 witnessed the upward improvement of Bitcoin penetration in the Federal Republic of Nigeria in an encouraging dimension. In October 2016, a Nigerian based Exchange BitX announced that their wallet on Google Play Store recorded 100,000 downloads. Besides the increase in volume, the exchange also stated among other things that the price rate was....
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Paxful CEO Ray Youssef said that the current growth trends in Ghana show that it has the potential to be a leader in terms of crypto adoption. As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other African countries regarding cryptocurrency use. In a report released by blockchain analytics platform Chainalysis, researchers found that Ghana has the potential to achieve crypto adoption levels similar to Kenya and Nigeria, countries which ranked 11th and 19th in the analytics firm’s global crypto adoption index. According to....
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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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