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NEWS ROUNDUP: BTC A Nigerian Safe Haven ep327
BTC Sessions
Bitcoin and Nigerian Remittances
Bitcoin remains a lifeline for Nigerians when economic uncertainty, political unrest and unemployment are at record highs. For those in the despora, it has become the only medium to remit from the hard work they've put in abroad. According to chain analysis 2022 crypto index report, Africa currently receives $49 billion in remittances globally. In 2022, sub-Saharan Africa accounted for $100 billion in on-chain cryptocurrency volume,. With the recent Naira redesigned debacle, we might expect those numbers to be even higher in 2023.
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