Reliance on remittances and the spread of the habit of paying by telephone seems to have led to a large increase in the use of cryptocurrencies in Africa's largest economy.
Of the 74 countries surveyed by the Statista Global Consumer Survey, Nigeria found that citizens had a higher rate of using or owning cryptocurrencies. Specifically, 1/3 of the respondents answered positively.
According to Bitcoin.com it is the high cost of sending money across borders in the conventional way that has led many to turn to cryptocurrency trading.
Nigerians also often use their phones to send money to each other or to pay in stores. Recently, in fact, many companies in the country are adding crypto plugins to their payment options over the phone.
The second and third highest percentages of citizens using and / or possessing cryptocurrencies are found in research in Vietnam and the Philippines, respectively.
Again, remittance payments are an important factor for citizens to choose cryptocurrencies.
According to bitcoin.com, the Central Bank of the Philippines has approved the operation of "remittance companies" that use cryptocurrencies and the government has begun to engage in cryptocurrencies, in cooperation with Unionbank for the distribution of government bonds while Unionbank has also set up a Bitcoin ATM in Makati, a city in Metropolitan Manila.
In addition to cryptocurrency users in Africa and Southeast Asia, another area that shows a fairly significant preference for them is Latin America.
Peru is the first among these countries with 16% of respondents stating that they use / possess cryptocurrencies while in Brazil, Colombia, Argentina, Mexico and Chile a double-digit percentage is also recorded.
Switzerland and Greece are among the European countries that also record a high percentage, 11%.
Japan again has the lowest rates along with Denmark.
www.huffingtonpost.gr
