Mountains

Bitcoin transactions in Nigeria hit $1m

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Bitcoin  transactions in Nigeria have been hovering at over $1million weekly since the beginning of 2017, says LocalBitcoins.com.

The site showed that the number of Bitcoin exchange in Nigeria in the last 30 days was almost equal with the figure for the entire Eurozone.

According to Alexa.com, which provides website traffic statistics, 16 percent of LocalBitcoins.com’s visitors are currently located in Nigeria.

The founder, BitcoinNow, Davidson Atere-Roberts, however, said Nigeria and Africa generally are showing a huge sign of optimism for Bitcoin trading.

“The reality is that we live in the technology era and technology will continue to disrupt whatever comes across and that includes money. Global Bitcoin is still evolving into mainstream finance, so expectedly Africa is still at the nascent age of adoption and acceptance,” he said.