Lack of proper financial services boosts crypto ownership in Nigeria, says report

Cointelegraph

Published Apr 12, 2022 06:00AM ET

Updated Apr 12, 2022 07:40AM ET

A new study has revealed staggering growth in crypto adoption across Nigeria, fueled by limited access to affordable fiat-based financial services in Africa.

Crypto exchange KuCoin’s “Into the Cryptoverse Report” highlights that many Nigerian citizens have started using cryptocurrencies as a viable alternative to store and transfer assets.

Cryptocurrency ownership by country. Source: Gemini

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