Many countries around the globe, including Nigeria, have embraced cryptocurrencies with open hands. Recent data shows that Africa’s biggest economy, Nigeria, is leading other African countries in cryptocurrency usage.

Bitcoin started gaining traction in Nigeria after the infamous MMM Ponzi scheme of 2016, which promised a 30% monthly return on investment, both in fiat and Bitcoin. Many got scammed, and some found themselves in unimaginable debt after investing in MMM and other Ponzi and pyramid schemes that followed.

One would expect that such a horrible first experience would make Nigerians hate cryptocurrency forever; the reverse was the case as the interest towards Bitcoin in Nigeria continues to surge.

read more @ https://blackwash.blog/why-nigerians-are-attracted-to-bitcoin/

jerupil:
Many countries around the globe, including Nigeria, have embraced cryptocurrencies with open hands. Recent data shows that Africa’s biggest economy, Nigeria, is leading other African countries in cryptocurrency usage.

Bitcoin started gaining traction in Nigeria after the infamous MMM Ponzi scheme of 2016, which promised a 30% monthly return on investment, both in fiat and Bitcoin. Many got scammed, and some found themselves in unimaginable debt after investing in MMM and other Ponzi and pyramid schemes that followed.

One would expect that such a horrible first experience would make Nigerians hate cryptocurrency forever; the reverse was the case as the interest towards Bitcoin in Nigeria continues to surge.

read more @ https://blackwash.blog/why-nigerians-are-attracted-to-bitcoin/

Which Nigerians are you referring to?