As It Embraces Bitcoin, Nigeria Offer Lessons To The Developing World
By Shinobi While some governments embrace Bitcoin adoption, like El Salvador, some U.S. states and most recently, Russia, others are openly hostile to its existence. However, that same hostile attitude is what, sooner or later, gives Bitcoin the chance to thrive.
Such is the case of Nigeria, whose citizens have been suffering from economic oppression for years. From seizing bank accounts of protestors fighting against a corrupt and dangerous police organization to a national ban of the cryptocurrency industry, Nigeria’s government is fighting hard against economic liberty.
Nevertheless,Bitcoin’s adoption is thriving exponentially in the country, as exemplified by the fact that remittances reported by the Central Bank have dropped by 30% in the last year, suggesting growing Bitcoin usage. | 