AKANEWSAKANEWS
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

PDP's deputy national secretary debunks defection rumours

March 27, 2023

Only PDP NEC can suspend me, Ayu boasts

March 27, 2023

APC youth group makes case for zoning of Senate president to Northwest

March 27, 2023
Facebook Twitter Instagram
  • Demos
  • TECHNOLOGY NEWS
  • PROPERTY NEWS
  • Buy Now
Facebook Twitter Instagram
AKANEWSAKANEWS
Subscribe
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART
AKANEWSAKANEWS
Home » Nigeria leading in Africa as global Bitcoin trade hit $3 trillion
BUSINESS

Nigeria leading in Africa as global Bitcoin trade hit $3 trillion

AkanewsBy AkanewsSeptember 11, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Experts Caution Nigerians On Trade
Despite economic losses from cryptocurrency trade and caution by financial experts, global trade in the Bitcoin industry has hit $3 trillion.

Coming at a time that Nigeria has been ranked as the leading country in Bitcoin adoption in Africa followed by Togo, Cameroon, Cote d’Ivoire, Senegal, Kenya and South Africa, the Convener of Bitcoin Africa conference, Farida Nabourema, said in the past five years, the industry has been the fastest on the planet and has surpassed card transactions.

She mentioned that the African continent has the fastest adoption rates in the world and at this rate, the continent may surpass America, Europe, or even Asia.

She noted that the maiden African Bitcoin conference scheduled to hold in Accra, Ghana between December 3 to 5, would attract about 800 people across the globe to speak about new innovations in the sector.

Speaking on Bitcoin investment, she urged Nigerians to be careful saying one cannot recoup investment in crypto currency immediately. “In five to 10 years from now, Bitcoin is not going to be worth what it’s worth today, it is going to be worth close to a million dollars for one Bitcoin.

Nabourema said:  “When people say can I invest in Bitcoin? I just tell them, can you invest in naira? Can you invest in dollars? The whole idea of making money out of Bitcoin is buying it and holding it.”

She noted that several applications and services tare are being built on the Bitcoin protocol, including hospitality management and healthcare transportation, adding that donor organisations are also moving to the blockchain to administer their grants because it is more transparent and reduces the number of frauds and middlemen in the Blockchain.

The Convener of the conference pointed out that a lot of scamming are happening in the cash industries and governments don’t talk about it because most of the time, they are accomplices to those illicit money trading and capital flight.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Akanews
  • Website

Related Posts

ILAN tasks industry stakeholders on sustainable insurance practice

March 28, 2023

United Capital leverages innovation, digitalisation for competitiveness

March 28, 2023

9PSB promotes financial inclusion among youths

March 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

Why I became executive coach, by lawyer

March 28, 2023

Benin Star Angelique Kidjo Wins Top Music Prize

March 28, 2023

Supply your income, expenditure on time, Omirhobo tasks INEC | The Guardian Nigeria News – Nigeria and World News

March 28, 2023

Three Magnificent Destinations To Visit For Ramadan

March 28, 2023
Top Reviews
Advertisement
AKANEWS
Facebook Twitter Instagram Vimeo YouTube Pinterest
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART
© 2023 AKANEWS.

Type above and press Enter to search. Press Esc to cancel.