Tag: nigeria

Sep 15 2021

Data: Bitcoin (BTC) adoption grows 1,200% in Africa

The adoption of Bitcoin in Africa has swelled immensely over the past year, making it the third fastest-growing Bitcoin economy globally. BTC adoption up by 1200% in Africa A report...

Sep 03 2021

Nigerian SEC to Set Up a Special Division for Studying Crypto Investments

The purpose of the division is to assess all the aspects of the crypto investments to come up with regulations.

Sep 02 2021

Crypto-loving Nigeria begins eNaira CBDC project

Sep 02 2021 Published at CryptoSlate under tags  adoption cbdc cbdcs enaira nigeria

Nigeria has upped the ante on its quest for a national digital currency as the Central bank of the African country has revealed that it will be partnering with Bitt Inc as a technical partner for the actualization of the “eNaira” project. According...

Sep 01 2021

Nigeria Partners With FinTech Company To Launch CBDC

Sep 01 2021 Published at Bitcoinist.com under tags  cbdc cbdcs enaira nigeria nigeria crypto

Nigeria had earlier in the year announced it planned to launch its own CBDC. The eNaira was announced after the government had banned banks and financial institutions from facilitating crypto transactions in the country. The timeline for the launch of the eNaira has been put at sometime before the end of the year. Citizens of the country would then be able to operate...

Aug 30 2021

Central Bank of Nigeria Sends Guidelines to Banks on CBDC Project e-Naira

The Nigerian central bank seeks to make e-Naira a legal tender for the country if tests are successful.

Aug 23 2021

Kenya does more peer-to-peer crypto trades than anywhere else in the world

Aug 23 2021 Published at CryptoSlate under tags  adoption africa kenya nigeria p2p

According to the recent Global Crypto Adoption Index 2021 report by Chainalysis, Kenya leads the world when it comes to crypto transactions in terms of peer-to-peer (P2P) trading. The East African country’s peer-to-peer exchange trade stands ahead of the over 150 surveyed countries, ahead of other African superpowers like Nigeria, South Africa, and Ghana....

Aug 21 2021

Watch Jack Mallers Send “Free, Instant, Non-Reversible” $10 To Nigeria

We might be witnessing “monetary history,” as Jack Mallers claims. The Strike CEO connected with African app Bitnob and sent $10 to Nigeria. Since Bitnob is connected to the Nigerian banking system, the money was instantly available in Naria (NGN.) It’s worth noting that Strike and Bitnob have no commercial relationship, their apps are...

Aug 20 2021

Emerging markets like Nigeria, Kenya led 880% global crypto growth in 2021

Aug 20 2021 Published at CryptoSlate under tags  adoption bitcoin kenya nigeria

In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global...

Aug 07 2021

Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month

Aug 07 2021 Published at CryptoSlate under tags  adoption bitcoin nigeria trading

Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned...

Aug 05 2021

Nigerians Moved Nearly $40 Million In P2P Bitcoin Trading In 30 Days

Aug 05 2021 Published at Bitcoin Magazine under tags  bitcoin markets nigeria p2p trading

Despite the ban in early 2021, Nigerians are trading millions of dollars worth of bitcoin in peer-to-peer markets every month. ​Nigeria has been leading the way for Bitcoin adoption in Africa despite its goverment's recent efforts to reduce access to Bitcoin services to its people. In February, the Central Bank...

Jul 13 2021

Bitcoin, Ethereum peer-to-peer volumes in Nigeria continue surging

Jul 13 2021 Published at CryptoSlate under tags  adoption africa bitcoin btc nigeria

Despite the crypto ban in Nigeria, the country has recorded massive growth in its peer-to-peer bitcoin trade volumes in recent times. Available data has revealed that in the month of June, citizens of the...

Jun 22 2021

Digital Shekel: Israel’s CBDC Project Is Well Underway

Israel is the latest country to admit it’s been working in a Central Bank Digital Currency for a few years now. While giving a conference in the Fair Value Forum, Bank of Israel Deputy Governor Andrew Abir said that the institution he represents already ran a pilot program for the digital shekel. More than that, he confirmed that the Israeli CBDC already exists....

Jun 15 2021

African countries leads the pack in Bitcoin ‘peer-to-peer’ trading, data shows

Jun 15 2021 Published at CryptoSlate under tags  adoption africa bitcoin nigeria payments

Available data has shown that African countries are leading the pack when it comes to Bitcoin peer-to-peer (P2p) trading in recent times. According to UsefulTulips, the continent...

Jun 12 2021

An Open Letter To The Nigerian Government: Pursue A Bitcoin Standard

NFL star and Nigerian descendant Russell Okung asks the Nigerian government to adopt a Bitcoin standard or risk falling behind.Greetings President Muhammadu Buhari, The hope of Nigeria lies within this generation. I am proudly a Nigerian descendant living in America and am a proponent of Bitcoin. I write to urge the Nigerian government to pursue economic independence and financial sovereignty by pursuing...

Jun 05 2021

Twitter Faces Government Backlash Across Globe Over it’s Censorship Policies, What’s next?

Jun 05 2021 Published at Coingape under tags  bitcoin india jack dorsey news nigeria

Twitter, the popular social media platform is at the center of a big censorship controversy after facing heavy backlash from governments across the globe. The Nigerian government has outright banned Twitter's use after the platform...

May 25 2021

Nigerian Police Arrest Brisk Capital CEO for Allegedly Running a $4 Million Investment Fraud

The Commissioner of the Special Fraud Unit of the Nigerian Police Force said that Dominic Joshua confessed to the crime.

May 12 2021

Check Your Financial Privilege

May 12 2021 Published at Bitcoin Magazine under tags  africa culture ethiopia nigeria sudan

While those comfortable in the dollar bubble deride Bitcoin, the stories of three emerging market users demonstrate why it is so important.In the eyes of most Western elites, investors, journalists and academics, Bitcoin rates anywhere from an annoyance to a disaster.Just a few days ago, American billionaire Charlie Munger described Bitcoin as “...

Apr 29 2021

Peer-To-Peer Bitcoin Trading Rising Across Africa

Apr 29 2021 Published at Bitcoin Magazine under tags  africa culture kenya nigeria p2p

The conditions for growth are ripe as the continent embraces the freedom of Bitcoin.Bitcoin was developed with the intent of putting financial control back in the hands of the people. In the years since its inception, Bitcoin adoption has grown worldwide. Recently, there has been a sharp increase in peer-to-peer bitcoin trading across Africa.According to data from...

Apr 23 2021

Bitcoin Peer-To-Peer Trading In Nigeria Rises 27% Since Central Bank’s Ban

Nigerians have resorted to peer-to-peer trading after the Central Bank of Nigeria banned regulated institutions from dealing with bitcoin in February.Months after the Central Bank of Nigeria (CBN) released a letter banning regulated institutions from dealing with bitcoin in February, there has been a 27% increase in peer-to-peer (P2P)...

Mar 22 2021

Nigeria Didn’t Ban Crypto: Official Clarifies on Earlier Order

Banks and other financial institutions are barred from serving crypto companies.

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