A rising variety of businessmen in Nigeria are choosing dealing with their enterprise utilizing the digital forex as a substitute of the Naira. The nation’s nationwide forex appears to be extra unstable than Bitcoin, at occasions.
As cryptocurrencies combat for relevance world wide, Nigerian residents are beginning to use Bitcoin as a substitute for their very own forex, the Nigerian Naira. Should you take a fast take a look at the Naira on TradingView, you’ll shortly see how the forex has been shedding its worth constantly over the previous 5 years.
Clear devaluation of the Nigerian Naira over the