Study Finds 33.4 Million Nigerian Adults Hold or Have Traded Crypto in Last 6...
According to a new report, approximately 33.4 million Nigerians, or 35% of the country’s adult population, are holders of cryptocurrencies or have traded them in the past six months. The report attributes the growing adoption of cryptocurrencies to rising inflation and the plunging value of the local currency. Converting From Fiat to Crypto via P2P Platforms A new report by the cryptocurrency exchange Kucoin has found that 35% of Nigerian adults, or 33.4 million people aged between 18 and 60, are holders of cryptocurrencies or have traded the same in the past six months. The report....
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Nearly 36% of Nigeria’s 106 million adults lack access to both regulated and unregulated financial services, according to the findings of the Enhancing Financial Innovations and Access (EFIA) study. In addition, while the findings do suggest a marginal drop in the percentage of financially excluded adults in the past few years, overall “the actual number of financially excluded adults increased from 36.6 million to 38.1 million.” Population Growth Rate Faster Than Financial Inclusion Growth Rate Additionally, the study findings show this number (financially excluded....
Crypto awareness in the U.K. has risen, but understanding has fallen, the FCA said following a new survey. A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country.On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in the U.K. now hold crypto assets, up from 1.9 million last year. Alongside the increasing number of crypto investors, the study also identified a surge in ownership volumes, with median holdings rising to 300 British pounds ($420) from 260....
The Feminist Coalition, a Nigerian advocacy group, found its protest fundraising restricted by legacy financial channels. So it turned to Bitcoin. The post Nigerian Protest Group Finds Sovereign Lifeline In Bitcoin appeared first on Bitcoin Magazine.
According to an analysis of the $417.5 million that was raised by Nigerian tech startups during the first nine months of 2021, fintech firms accounted for about $379 million or 90.78% of the total. Nigerian Fintechs Dominate the African Continent Nigerian fintechs currently account for more than 90% of the $417.5 million that was raised by tech startups during the first nine months of 2021, a local report has said. While the report, which was compiled by local media outlet Punch, notes that the $417.5 million is already significantly higher than the $300 million that was raised in the....
A new study, which was undertaken by the Slovakian internet security company Eset, finds 50% of 35 to 44-year-olds have become involved in cryptocurrencies since the pandemic. The figure, the highest for any age group, underscores the role Covid-19 restrictions had in forcing citizens from six countries into embracing crypto assets. Changed Habits and Preferences According to Eset’s press release, a total of about 10,000 consumers participated in the study, and from that figure, 2,000 came from the United States. The rest of the respondents were from the U.K., Australia, Japan,....