COIN EDITION
- Several African countries including Nigeria, Ghana, Kenya, and Tanzania are widely adopting Bitcoin.
- Nigeria has over 50% month-to-month active adult crypto investors.
- Ghana has over 900,000 people, which is more than 3% of the country’s total population owning Bitcoin.
Even with the ongoing crypto bear market, many countries in Africa are rapidly turning to Bitcoin adoption and Nigeria stood as a leader. The Central African Republic was the first country in Africa, and the second in the world after El Salvador to adopt Bitcoin as a legal tender.
Ray Youssef on Twitter: “The rise of the Global South starts in Africa. Youth armed with knowledge and #bitcoin are building a civilization scale movement to empower ALL humanity. https://t.co/UfFI16TIfi / Twitter”
The rise of the Global South starts in Africa. Youth armed with knowledge and #bitcoin are building a civilization scale movement to empower ALL humanity. https://t.co/UfFI16TIfi
Several African countries including Nigeria, Ghana, Kenya, and Tanzania are widely adopting Bitcoin. In fact, the African nation, Nigeria is adopting Bitcoin at an exponential pace. Nigeria has over 50% month-to-month active adult crypto investors. Due to the persistent devaluation of the legal tender Naira, several Nigerian citizens are preferring to store their money in cryptocurrencies.
Nearly one-third of Nigerians have already invested in Bitcoin. As for Ghana, the country has over 900,000 people owning Bitcoin which is equivalent to more than 3% of the country’s total population. Despite warnings from regulators, citizens from Ghana are turning to Bitcoin due to rising inflation and debt.
