Stablecoins Propel Nigeria to 2nd Place in Crypto Adoption

Quick Summary:

Nigeria’s cryptocurrency economy has boomed, making it a global leader in crypto adoption.

According to a report by Chainalysis, between July 2023 and June 2024, the African country ranks second worldwide.  A key factor behind this rise is the increasing adoption of stablecoins across Sub-Saharan Africa, driven by the need for inflation hedging, cross-border payments, […]

The post Stablecoins Propel Nigeria to 2nd Place in Crypto Adoption appeared first on Coin Edition.

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Article Details

Author / Journalist: Abdulkarim Abdulwahab

Category: Crypto

Markets: IndiaEthiopiaNigerNigeriaSouth Africa

Topics: News Market Market News Stablecoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 18:30:00 (10 hours ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 132 words

Reading Time: 1 minutes read

Sentences: 57 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22868415

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 27 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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