Despite ban, Nigeria tops chart in Bitcoin trading

Despite ban, Nigeria tops chart in Bitcoin trading

  • Bitcoin
  • September 17, 2022
  • No Comment
  • 5

From Okwe Obi, Abuja

 

Convener of the First Pan Africa Bitcoin Conference, Farida Bemba Nabourema, has rated Nigeria as number one in Bitcoin trading in Africa, despite ban by the Federal Government.

Nabourema, who addressed newsmen on the upcoming Bitcoin conference in Accra, Ghana, recently in Abuja noted that Africa has the highest adoption rate of Bitcoin trading in the world.

“Nigeria is actually among the top 10 countries having the highest Bitcoin adoption rate in the world globally. And in Africa, Nigeria is actually leading in numbers in terms of Bitcoin adoption, but what Nigeria is leading in is not just adoption but Bitcoin engineering as well.

“The designing of solutions of applications, developing of businesses and startups on the Bitcoin protocol and crypto and blockchain protocol in general.

“So, I will say Nigeria is really big, because it has the vast, very vast number of Bitcoin and blockchain engineers working to develop solutions and they are working with companies across the globe, not just based in Nigeria.

“So at this point, Nigeria is literally the centre of Bitcoin development on the continent, and even one of the most important nations in the world.

“In Africa generally, the adoption is also growing the African continent by the latest chimp analysis application. The continent has the fastest adoption rates in the world, which means that in a few years, literally, we are going to surpass all the continents such as the Americas or Europe, or even Asia.

“So adoption is increasing a lot on the continents. And developers are also rising from many places on the continent, Nigeria, Cameroon, Cote d’Ivoire, Senegal, Kenya, South Africa, these are countries that are really leading in terms of developers,” she said.

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