Post
Topic
Board Nigeria (Naija)
Re: Nigeria Local Board, All board discussion welcomed. {No Official Language}
by
Charles-Tim
on 11/09/2021, 09:44:09 UTC
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Using PPP will not make that data to be accurate, why did China having the strongest economy if PPP is used for the GDP calculation, but normally people always says it is US that has the strongest economy, this is because nominal is used which is what people recognized more, then followed by PPP. I still do not understand why Chainanalysis make use of PPP, even if PPP who'll be used, why not having nominal too which will be first recognized. If the wealthiest man in the world are calculated based on PPP, did you think the richest men will be from US. That data is a little confusing. I still believe Nigeria still remain first in P2P in Africa, using Normal trading volume will be enough.

Also, the data does not included the transfer of funds with custodial exchanges among customers, correct me if wrong. Did you know how Nigerians are using more of exchanges even without thinking about KYC.

If it clear on the exchanges how Nigeria is the first in P2P in Africa, but check what Chainanalysis calculated out because they are PPP was used in the calculation or maybe also with other reasons I do not yet know.

Kenya rated 1st
Togo rated 2nd
Tanzania rated 4th
How come Nigeria is rated 18th

Even that small Togo is rated 2nd. I think you should try to check this out very well and know how this could be misleading when it comes to trading volume per country. Also with this calculation, it is clear that you can not be able to know about crypto trading volume per country. Just imagine, can Togo be ahead of Nigeria? We should not always believed what this people are giving out to the public.