Decentralization Interest In Nigeria Propels Higher
I remember how I first discovered the decentralized world, it took a few clicks and navigations to fall in the right place. While Bitcoin soars high and high on a daily basis, the interest rates propels high and high accordingly. Bitcoin becoming more reliable and crazily expensive brings the world closer to a new world of Finance, a world where you own your assets and funds, the decentralized world. According to Chainalysis, Ukraine ranks first as Bitcoin early adopters, followed by Russia, Venezuela, China, Kenya, the U.S., South Africa, Nigeria, Colombia, and Vietnam as reported sep. 2020. One out of the first early adopters has been reported to rank top on an alternative chart.
Nigeria Bitcoin Search Hits An All TIME High
The giant of Africa, the largest economy therein, hits a new high of Google Bitcoin inputs. The country was also reported to claim ownership of the most cryptocurrency and now, the interest rate pulled through by Nigerian youths shoots up a 100% The good news is that the misconception and wrong impression that has been passed over the years is slowly retarding, as a result, Nigerian youth driven interest on the decentralized world is far more key behind the trigger in Bitcoin global search record. Nigerian youths are far driven by the constant urge to have a tax-free system of Finance, considering that there's barely a handful of jobs to make good money from. The country robs feet with a high unemployment rate as the population grows over 200 million people. The SIBAN president explains: "Nigerians are experiencing the level of financial inclusion that many have expected for too long. The freedom of money is a powerful thing, especially in a borderless, digital economy. Whether for remittances, e-commerce, bitcoin trading, more and more Nigerians are taking interest in bitcoin daily" I totally agree, being as close to the environment in mention, the way of life here really stinks in so many levels, barely breathing yet there's high tax levied on the citizens. The ability to control one's money totally on its own, without having to fear tax or any atom of irrelevant charges creates an impulsive desire to know more about the decentralized network.
The image above places Nigeria at the top list, the more Bitcoin Surges, the more youths are pulled to it. It wouldn't be long when the world may ditch fiat money for Bitcoin and other cryptocurrency. Nigeria being at the front line of this impulsive trend, may result in more adoption within the nation and outer. On a slightly related note, Lagos state being the business capital and most populous city in Nigeria and Africa, is reported to be far from the Bitcoin search energy providers, ranked 17, while Delta state is actually the trend pullers being at the top list. The assertion of this data is supported by Senator Ihenyen, the new president of the Stakeholders in the Blockchain Technology Association of Nigeria (SIBAN). As the stats shoot off, the government is on the move to eliminate it, but rather than stop it, looking at the country average age rate of 18, meaning the nation has more youths therein, there's bound to be more and more interest and the nation should only be after maximizing it because it's uncontrollable, But I doubt they can.
Posted Using LeoFinance Beta
