Post
Topic
Board Nigeria (Naija)
Topic OP
Crypto currency in Nigeria
by
KupaCrypto
on 15/01/2024, 21:48:27 UTC
Cryptocurrency get two purposes for here, e dey serve as quick banking way and also as financial investment. E dey clear say financial investment na the main attraction, but we don see cases where local Nigerian businesses dey accept cryptocurrency payments. While blue chips like Bitcoin and Ethereum, plus stablecoins (USDT especially) na the assets wey people for this area like pass, Nigerian investors still dey interested for cryptocurrencies as investment. Based on the goal to make big and quick money from crypto investments, Nigerian investors still dey show strong attraction for memecoins, NFTs, low-cap altcoins, and programs wey dey give incentives like airdrops and bounty hunting. For Nigerians, cryptocurrencies, especially stablecoins, still dey play small role as protection against inflation.