Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Millio...
Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the U.S., which traded $3.75 billion in the period under review. According to an analysis of bitcoin trading platform Paxful’s database shared with news.Bitcoin.com, Nigeria has traded the equivalent of 60,215.7 BTC – more than any other country in the world. Only the U.S. exchanged more bitcoin – 535,660.3 BTC. With trades of $55.3 million or 5,894.8 BTC,....
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Cryptocurrency trades were central to Nigeria before an exchange ban reminder was recently issued. So, how will things change now? The post Bitcoin Will Persist In Nigeria, But The Ban Changes Things appeared first on Bitcoin Magazine.
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Smart contracts can help avoid human error and prevent fraud in countries like Nigeria. Among many vices, corruption in Nigeria stands as one of its biggest problems. Several administrations have been and gone with claims of fighting corruption. Despite the application of orthodox methods, not much has been achieved. Will smart contracts help solve this problem which has given the biggest black nation such a bad image? Nigeria is “fantastically corrupt”. British Prime Minister David Cameron was caught on camera telling Queen Elizabeth that leaders of some “fantastically corrupt’’....
On the latest episode of the Bitcoin.com Podcast, our host Zach Doty sat down with Ray Youssef and Artur Schaback of Paxful. Zach, Youssef and Schaback discussed Paxful’s services, branded as the “Uber” of buying bitcoin. Paxful: The ‘Uber’ of Bitcoin. Calling themselves “PayPal + Uber,” as well as “the peoples [sic] Wall Street,” Paxful allows people to....