Nigeria tops crypto adoption per capita

Nigeria is at the helm of adopting cryptocurrency and Bitcoin, with the country having the largest volume of crypto per capita, according to data revealed by Statista.

Cryptocurrency is not a chance development in the country either. Nigeria has long been trying to leap forward over trying to catch-up to the west.

While in the west mobile payments are beginning to gain momentum, in Nigeria they have been pretty much the norm.

This predisposition towards electronic payments has made it easier for Nigerians to at least give cryptocurrencies an honest try.

Based on Google Trends data, Nigeria is also the nation that makes the most searches for Bitcoin, right ahead of Austria, Switzerland, South Africa and Slovenia.

It's interesting to spot South Africa in the top five as well, as the country's locals are also keen on adopting technology and using it to their benefit. Crypto payments are building traction in Africa, proving valuable payment tools that bring transparency and help fight petty corruption.

Elsewhere in the world, 20% Vietnamese and Filipino participants in a study said that they had used crypto in the past year, showing signs of broadening adoption. Of course, not all cryptocurrency is used to cover every day needs and not reliably so.

Yet, there are many great applications, including crypto casinos. Places like 1xBit, Bitcasino and FortuneJack offer you a great way to familiarize yourself with crypto and use your BTC, ETH, LTC or any other popular token while gaming and having a bit of fun.

Interestingly, the crypto adoption in the country continues despite a block by the Nigerian Securities and Exchange Commission on crypto.

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Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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