Topic: Future of bitcoin in Nigeria - page 9. (Read 952 times)
Bitcoin future is great in Nigeria as well.
Blockchain technology with bitcoins as the main focus is not yet understandable among developing countries like nigeria or africa countries. In the future if knowledge is gained from other developed countries and transferred to Nigeria, It will then be adopted by majority. But for now, only few educated elites are into bitcoins in nigeria.
African countries are very active in the crypt world! of course, African countries are very afraid of uncontrolled money and they by all possible means stop the development of the crypto market! Now the International Monetary Bank has started using a crypto system to support three African countries! and this gives us an understanding that the crypto market will come there faster than we think! The very government of Nigeria, as if it would not resist with bitcoin and with the whole crypto system, sooner or later there will be a very active development of the crypto market! in Nigeria, very high inflation, so they need alternative money to save their accumulated capital! In the African countries, terminals for the reception and exchange of crypto coins have become very popular, more and more they are placed all over Africa!
Bitcoin will still grow in Nigeria, just that people are not educated about the Bitcoin
How can we get them educated?
I don't think most African countries are into crypto and so you shouldn't be surprised to realize only a handful of people from Nigeria are into crypto. I think maybe with time, a lot of them will jump onto the opportunity. Probably, you can be the ambassador over there.
I think that the people in countries that experience or have experienced hyperinflation are most likely the people that see the real value of bitcoin and will become early mass adopters.
Bitcoin will still grow in Nigeria, just that people are not educated about the Bitcoin
They will come back to bitcoin and crypto. By the way I always wonder why the poor countries dont like to get rich through cryptoland. Something always out of my head.
Bitcoin has a more rapid development potential in Africa, and people here are in great need of block chain technology, both in banks, medical care, and employment.
Too bad
From statistics, just 11% of the nation knows about bitcoin or cryptocurrency at large
From statistics, just 11% of the nation knows about bitcoin or cryptocurrency at large
Bitcoin is the last of their concerns. The problems in Nigeria and Africa are deeply rooted in their government and exploitation. Using cryptocurrency will not solve their problems.
My fear.
Is not that Nigeria lacking behind?. Hell shouldn't be. I see lome Africans growing faster and faster when it comes to bitcoin utilization but here in Nigeria reverse is the case.
Is not that Nigeria lacking behind?. Hell shouldn't be. I see lome Africans growing faster and faster when it comes to bitcoin utilization but here in Nigeria reverse is the case.
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