Bitcoin trading is on the increase globally and Nigerians seem to be taking it to a whole new level, this is as it ranked second highest Bitcoin trading country in the world.
A report by Bloomberg shows that the global trading of the digital currency stood at $1.9 billion and second highest of it is coming from Africa, and Nigeria in particular. Nigeria accounts for 6.05 percent ($115 million) of the total value of Bitcoin traded since January, 2017. Thus, putting Nigeria just behind China, who has the highest Bitcoin trading in the world.
Bitcoin which has become popular globally is an electronic payment system based on mathematical proof was proposed by a software developer called Satoshi Nakamoto. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.