Bitcoin on high demand Africa nigeria and Malaysia

[Pokapoka124]

It's always a good idea to buy bitcoin whenever you can especially when your own country's currency is not as strong as usd. I think most people see bitcoin as an investment so it's only natural they opt for bitcoin than usdt

[1714465825]

1714465825

[1714465825]

1714465825

[1714465825]

1714465825

[Lordhermes]

According to your topic, yes, the demand for bitcoin is increasing rapidly and are mainly used by those countries in term of holding and making profit or some other stuff. Recently, on Binance highest trading volume for Fiat currencies , USDT/NGN, BTC/NGN has the higher trading volume at the moment showing how the citizen have interest in the usage of bitcoin and her advantage, the demand is pretty high enough.


temporary pic upload

[CryptocurencyKing]

One thing you should consider of these countries is the fact that they are developing nations and as such, they are open to new innovations that would better the life of it's citizens though, on an individual bases. I won't talk much on Malaysia as I know little or nothing of them but then, I'm a Nigeria national so, my ideas is going to biased on that bases.
Following the effect of the pandemic especially in these under developed and developing world where the incomes of it's average nationals is basically based on trading (Not the digital one) and the lockdown policies that accompanied the pandemic, most citizens were left with little option than to search for other means to earn a living, a solution which is found in cryptos. It's not entirely based on the nation's currency but the way out with little or no government intervention.

[cryptoboss2020]

One thing you should consider of these countries is the fact that they are developing nations and as such, they are open to new innovations that would better the life of it's citizens though, on an individual bases. I won't talk much on Malaysia as I know little or nothing of them but then, I'm a Nigeria national so, my ideas is going to biased on that bases.
Following the effect of the pandemic especially in these under developed and developing world where the incomes of it's average nationals is basically based on trading (Not the digital one) and the lockdown policies that accompanied the pandemic, most citizens were left with little option than to search for other means to earn a living, a solution which is found in cryptos. It's not entirely based on the nation's currency but the way out with little or no government intervention.

* Well I see but the reason are the inflation of their own currency *

[Bholutefe]

In the recent time, Nigerians have been trading and transacting using the Bitcoin, the demand for bitcoin in these countries keeps increasing on a daily basis, it's numerous advantages are enormous and in terms of easy accessibility, speed and cost of transaction had been some of the gearing factors that has activated the diverse usability, bitcoin value in African countries is highly reputable and valuable, the high demand for bitcoin in African countries keeps increasing as the day goes by and there are still other days for its demand.

[Oshosondy]

I think Malaysia have stable currency compared to the other two.

Fiats are fiats, if you check real actual value and fiat index, you will know fiats are not just unstable, even the so called Malaysia fiat is not stable at all.

The other two countries could use bitcoin as their main currency but the problem lies with the implementation.

It is not possible for a country to use bitcoin as their currency, they will still prefer their fiat. But that does not stop bitcoin from progressing because bitcoin is not a country coin but world coin because it is meant to be decentralized. If people from a particular country like, they can hold bitcoin which is better than fiat.

In most cases that couldn't be done.

For now it is in all cases, and no case ever like that in a way country will use bitcoin as fiat.