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Author Topic: Nigerians effort on cryptocurrency  (Read 177 times)
Wiwo
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June 10, 2024, 08:39:53 PM
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https://en.m.wikipedia.org/wiki/Cryptocurrency_in_Nigeria
Wow it's very impressive.
Nigeria dey number three for global ranking for cryptocurrency and number one for Africa. Omo Nigeria no dey carry last at all though for 2017 the Nigerian central banks come order other commercial banks for Nigeria to stop all cryptocurrency transactions but that one no still kill the pressure wen Nigeria get for this this cryptocurrency. And Nigeria archive this feat after the 2020 survey wey account 32% of Nigerians wey dey use cryptocurrency with the total amount of 400 million dollars transactions. And up till date we still dey active na that effort naim come reward us with this Nigerian local board wey fit allow us write for our own language and discuss freely about wetin dey happen within us without foreigners knowing all about our country own privacy, nice one for us abeg.
Yeah Nigerians like me and you are doing well in the cryptocurrency Industry globally and this is something to commend ourselves for, because we are far ahead of many countries around the globe, although this bitcoin adoption in Nigeria is ad a result pf youths seeking an alternative to how to survive and make income, and cryptocurrency present us with such an opportunity, but what we have being lacking behind os in the development and technical aspect of the industry we are focus on the money aspect without paying any attention to other aspect of bitcoin/cryptocurrency project's, because fr9m statistics it shows that a low percentage of Nigerian are truly engaged in the technical aspect of the industry.

Government on the other hand have limited Nigerians expansion in the industry as there I no clear direction for what the regulatory position on cryptocurrency and also the attacks on the trading pf virtual assets are also a demotivating tool for technical development within 🇳🇬 Nigeria.
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