Metric Shows Bitcoin Trading Volumes, Users, App Downloads Grow In Nigeria

Interest in the world’s top digital currency Bitcoin is growing rapidly in Nigeria, says an official of BitX which recently announced that its smart wallet hit 100,000 downloads on Google Play.
BitX is one of the three most popular Bitcoin exchanges operating in Africa – serving South Africa and Nigeria – and parts of Southeast Asia.
BitX Business Developments head, Werner van Rooyen, says:
‘… We’re up across all metrics in Africa; be they new accounts, app downloads, active users, or trading volumes. I’m especially excited about the potential in Nigeria, where not only the Bitcoin price, but also the trading volumes are increasing.’
Nigeria’s recent dive into recession and its weakening currency, despite its large market size, makes the most populous black nation on earth a better reference for fluctuating prices but for the low uptake of the digital currency in the country.

This post was published at Coin Telegraph on 2016-10-27.