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Find all the economic and financial information on our Orishas Direct application to download on Play StoreCryptocurrency leader Bitcoin drops below $50,000 for the 1st time in a month. Concern is mounting in the ranks of Nigerian-dominated users in Africa.
The craze for cryptocurrency and in particular for bitcoin, is growing. More and more people see in this new form of “currency” an opportunity to trade and make financial transactions differently. Nigeria ranks first among the top bitcoin trading countries in Africa in terms of volume of currency traded.
It is followed by Kenya, Ghana and South Africa. During the first quarter, between January and March, Nigeria posted a value of “Trading Bitcoin” worth $99.1 million.
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