Experts Say Cryptocurrencies Will Boost Trade in Nigeria

Experts are of the view that trading with cryptocurrency could enahnce commerce and economic growth in Nigeria. This is on account of the faster and more secure means of transfer of monetary value which cryptocurrencies offer.

In a presentation on “Building Trust in the Nigerian Cryptocurrency Market,”, the Chief Operating Officer, Blockchain Solutions Limited, Mr. Lucky Uwakwe, said there is a rise in the global demand for cryptocurrency, with 65% of people familiar with cryptocurrency and 25% owning a cryptocurrency.

Uwakwe beleives that 51 per cent view cryptocurrency as an investment, while 19 per cent use it for remittance, and 16 per cent use it for online shoppinga nd 11 per cent use it for transfer to family and friends.

Tagged with: