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Nigeria, just one country, has 34 million crypto users. mpesa has 30. 34 > 30 is that much adoption?
by forum_ghost 4y ago
Nigeria, just one country, has 34 million crypto users. mpesa has 30.
34 > 30
is that much adoption?
- SideburnsOfDoom 4y agoI'll assume that like me, you googled that. So, this is technically correct, but: 30 or 34 m users out of 206m isn't the whole market, not close. Nigeria is an outlier, with low M-Pesa adoption as: > The reason why this incredible product (M-Pesa) can’t be replicated in Nigeria with such success is perhaps due to what you and I as Nigerians enjoy today, the Nigerian Interbank Settlement System (NIBSS) https://nairametrics.com/2017/09/26/why-the-m-pesa-miracle-has-failed-to-work-in-nigeria/ https://nairametrics.com/2017/09/26/why-the-m-pesa-miracle-h... https://nibss-plc.com.ng/ https://nibss-plc.com.ng/ https://www.crunchbase.com/organization/nigeria-inter-bank-settlement-system https://www.crunchbase.com/organization/nigeria-inter-bank-s... So to sum up, the huge Nigerian domestic market is covered by a SEPA-like product. It's not a bitcoin thing. Omitting that seems intentionally misleading.