Weekly Bitcoin Volumes Cross $1 Million in Nigeria, Raises Speculations
Weekly Bitcoin exchange volumes in Nigeria crosses $1.3 million, multiple reasons speculated behind the rise. The demand for Bitcoin has surged skywards in the African nation of Nigeria. The country’s weekly Bitcoin exchange volumes since mid-December 2016 have increased to more than NGN 400 million, which is close to $1.3 million. The increasing demand for cryptocurrency in Nigeria was reported by a leading African tech magazine. The magazine makes use of the available data from LocalBitcoins — a peer to peer Bitcoin marketplace to present its case. The Nigerian cryptocurrency community....
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