The CoinTelegraph reports that young people are turning to Bitcoin in Nigeria. This certainly matches up with my own experience. CRYPTOSTAR.MONEY gets more hits that average from Nigeria and Nigeria is always in the top 3 countries when I am doing keyword research. This directory of crypto businesses lists many in Nigeria.
Yesterday I reported how crypto was an ideal way to transfer money internationally. Nigeria is an entrepreneurial country, as the prevalence of 419 scammers shows. Unfortunately for Nigeria’s young people this has resulted in PayPal banning payments to the country.
With youth unemployment at 20% many young people are freelancing in the digital industries for overseas clients and for them bitcoin is natural way to receive payment.
It is well worth reading the full article by Osato Avan-Nomayo “Young Africa Looks to Crypto for Payment”.