- Nigeria, Africa’s most powerful economy in GDP terms, trades bitcoin worth over $218 million despite crypto transaction restrictions imposed by Nigeria’s apex bank.
- Paxful and Chainalysis have both reported that the cryptocurrency market in Nigeria has grown by 1200% in the last year.
- Nigerians prefer to hold assets in bitcoins or stablecoins as the naira is susceptible to inflation, unlike fiat currencies.
- In July 2020, $105.6 billion in bitcoins were sent to African nations. Nigeria was the fastest-growing crypto market of these bitcoins.
- Paxful, the largest Bitcoin exchange in Africa, has integrated with the Lightning Network to make global payments and lower fees.
- Paxful is offering lower user fees than traditional Bitcoin transactions, thanks to a Lightning Network. It has pledged funds to the Built with Bitcoin Foundation to support a fellowship program in Nigeria.
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Weekend Success Principles tips
Four Questions to Set Your Future Goals
You should start setting your goals now. Here are four questions to help you with that:
1. What would you do if you learned you would die six months from now?
2. If you suddenly won a million dollars – what’s the first thing you’d do?
3. What would you do if you had no fear of doing it?
4. What do you enjoy doing most?
“Remember: It doesn’t matter where you are coming from; all that really matters is where you’re going.” Bryan Tracy.
