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0 sats \ 2 replies \ @KenyaCoin OP 22 Aug 2022 \ on: Nigeria Seeks to Boost E-Naira Users 10-Fold as Cryptos Grow bitcoin
The steady depreciation of the naira has seen many residents of Africa’s most populous nation pivot toward cryptocurrencies, even though the central bank ordered commercial lenders to stop transactions or operations in digital tokens. While there are 270,000 active users of e-naira, as many as 33.4 million Nigerians have either owned or traded cryptocurrencies, according to a report by KuCoin, a Seychelles-based crypto exchange.
Only about 45% of adults in the nation with more than 200 million people have bank accounts, according to the World Bank.
The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:
Nigeria Seeks to Boost E-Naira Users 10-Fold as Cryptos Grow https://www.bloomberg.com/news/articles/2022-08-18/nigeria-seeks-to-boost-e-naira-users-10-fold-as-cryptos-grow
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25 sats \ 0 replies \ @om 22 Aug 2022
as many as 33.4 million Nigerians have either owned or traded cryptocurrencies
Out of 221,5 million which makes it about 15%.
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0 sats \ 0 replies \ @KenyaCoin OP 25 Aug 2022
See also this article on CoinDesk:
Nigeria's CBDC eNaira Used for Nearly $10M Worth of Transactions Since October https://www.coindesk.com/policy/2022/08/19/nigerias-cbdc-enaira-used-for-nearly-10m-worth-of-transactions-since-october https://archive.ph/uFYjd
As well as an earlier post, here on SN:
Nigeria's e-naira CBDC -- “There is apathy” #47497 https://www.bloomberg.com/news/articles/2022-07-19/lenders-are-thwarting-digital-currency-s-adoption-in-nigeria https://archive.ph/a6mEA
And see this post, here on SN, as well:
Visualized: The State of Central Bank Digital Currencies #63262 https://www.visualcapitalist.com/visualized-the-state-of-central-bank-digital-currencies
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