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Are they actually using it as currency?
by spaetzleesser 5y ago
Are they actually using it as currency?
- exdsq 5y agoYeah! Nigeria is trying to move everyone to their own digital currency, but Statista did a survey and 32% of Nigerians were using Bitcoin for general payments. Quick look for some supporting info came up with this - https://www.reuters.com/business/crypto-trading-thrives-nigeria-despite-official-disapproval-2021-10-12/ https://www.reuters.com/business/crypto-trading-thrives-nige... but there's a lot more online if you look (from non-Crypto peddling sources). Also, take a look at the current forms of payment like M-Pesa (such as https://docs.gatesfoundation.org/Documents/ImpactofMobileMoneyonPoverty_ResearchBrief.pdf https://docs.gatesfoundation.org/Documents/ImpactofMobileMon...) and you'll see a few of the problems such as high fees on remittance payments and lack of account building are solved with cryptocurrencies.