Currency slump inducing cryptocurrency transaction in Africa

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At a time like this when the global pandemic has put more countries than ever imagined in a state of economic turmoil, Nigeria was not left out as the Central Bank created currency restrictions to reduce access to dollars. This has left multiple individuals, enterprises, institutions and businesses with limited options, hence seeking alternative ways of performing financial transactions as data now reveals the spike in the use of cryptocurrency for Intra-African and International transactions. Recent report by Chainalysis, a blockchain market intelligence firm showed that Kenya, South Africa a…

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