Nigeria Archive

Stablecoins and continentwide regulations are key to breaking down barriers to Africa’s economic growth.

Everyone from the Wall Street Journal to the Queen of England has an eye for Bitcoin in this week’s Bad Crypto podcast.

As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.

“We want Nigeria to be strategically placed to capture value from this economic potential of blockchain,” stated the NITDA director-general.

‘Virtual crypto assets are securities, unless proven otherwise,’ the Nigerian SEC said.

Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year.

Numerous emerging crypto markets are showing dramatic growth in P2P trade, with India and Ghana producing enormous growth during 2020.

Nigerian scammers converted millions of dollars into Bitcoin via Gemini exchange according to an FBI criminal complaint.

Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and Paxful.

Crypto use and adoption is beginning to see significant growth across Africa

Binance-backed crypto payment app Bundle now allows its users to request, send, and receive cash or crypto from their peers in Nigeria

The CEO of the Nigeria Deposit Insurance Corporation says citizens take a high risk by relying on crypto, since there is little regulation