Decentralized VPN Sees Increased Use in Nigeria Amid #EndSars Protests
Nigerians are protesting police corruption and concerns about a possible internet shutdown have driven some to adopt decentralized VPNs like Mysterium.
Related News
The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS) in Nigeria The CEO of Twitter and Square, Jack Dorsey, has urged his followers to donate Bitcoin to the #endSARS cause, which aims to end police brutality in Nigeria.Donate via #Bitcoin to help #EndSARS https://t.co/kf305SFXze— jack (@jack) October 14, 2020 The crypto donation site he linked to is run by a group of Nigerian feminists fighting against the police’s Special Anti-Robbery Squad (SARS) through protests, fundraising, and social media.A series of demonstrations....
Nigerians are still hungry for crypto despite the central bank's efforts to quash it. Nigerian cryptocurrency adoption continues to rise in spite of government crackdown, with peer-to-peer (P2P) trade volume for Bitcoin posting its second strongest week on record last month.According to data from Google Trends, Nigeria still ranks number by search interest for the keyword “Bitcoin” as of this writing. P2P Bitcoin trading denominated in the Nigerian Naira has also steadily increased in 2021, with Nigeria ranking behind only the United States as the second-largest market for peer-to-peer BTC....
Nigeria's central bank has prohibited commercial banks from providing account services to crypto exchanges. The Central Bank of Nigeria has placed a ban on all regulated financial institutions from providing services to crypto exchanges in the country.The prohibition was contained in a circular issued by the CBN on Friday. According to the central bank's notice, the ruling is an extension of earlier warnings from the bank about the risks associated with virtual currencies.Source: TwitterAs part of the ban, the CBN has directed all commercial banks to close accounts belonging to crypto....
Blockchain is gaining traction fast in Nigeria partly because its young and tech-savvy population is showing an eagerness to learn more about Web3.0, a decentralized internet powered by blockchain technology.
When the Nigerian government shut down #EndSARS protestors’ bank accounts, bitcoin and crypto became a way around.