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> 1. Nigeria has 30 MILLION people that use it (crypto) 30 or 34 m users out of 206m isn't the whole market, not close. > Most of the usage is for cross-borde
by SideburnsOfDoom 4y ago
> 1. Nigeria has 30 MILLION people that use it (crypto)
30 or 34 m users out of 206m isn't the whole market, not close.
> Most of the usage is for cross-border transactions
And why mostly "cross-border transactions" ? Could it be that NIBSS has the domestic market:
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, the huge Nigerian domestic market has a SEPA-like product for domestic transfers. It's not a bitcoin thing.
Do you think that this success (and the success of EU SEPA) won't be noticed in Africa?
https://www.un.org/africarenewal/magazine/november-2021/new-pan-african-payments-system-provides-big-relief-african-traders https://www.un.org/africarenewal/magazine/november-2021/new-...