Hence, the majority are anticipating a decrease in their local currency which is leading many to explore alternatives.
Speaking on the rising interest for cryptocurrencies in Nigeria, Owen Odia, Luno’s Country Manager for Nigeria, says:
“This year, we’re seeing a level of uncertainty that hasn’t been seen since the 2007-8 global recession and with this, there’s been a wave of Nigerians making their first steps to learn about cryptocurrencies. The growing interest in cryptocurrencies represents a new openness to look beyond the traditional ways of managing and getting the most out of your money, and exploring other useful opportunities.”
~ Luno Country Manager, Nigeria
RECOMMENDED READING: [WATCH] Luno Launches a Savings Wallet to Enable African Customers Earn Interest on Bitcoin
Start trading bitcoin today from as low as $10.
Open a Paxful Bitcoin Trading Account to get started!
FREE REPORT DOWNLOAD