The fund is targeted at helping Nigerian youth with initiatives and innovative ideas that lack support to be able to access credit facility and grow its product.
Since the establishment of Bitcoin Automated Teller Machines in 2013, over 8,000 Bitcoin ATMs are now installed around the world, including in Nigeria, the country with the highest bitcoin trading volume in Africa.
San Francisco based fintech startup Chipper Cash, used in processing cross-border transactions within Africa has closed a $13.8 million Series-A investment round.
The number of BTC whales with 1,000 Bitcoins or more in their bitcoin wallets has increased to 1,882 from around 1,650 in January. This is the highest number in about three years.
Crypto at the Universities; LASU campus students shares an assignments given to them on Cryptocurrency in Nigeria. LASU — Lagos State University student of Nigeria shared with Diutocoinnews an assignments given to them to write concerning cryptocurrency in Nigeria.
Recent Google Trends data compiled by Blockchaincenter.net shows that Kenya ranks above Nigeria in Bitcoin search for the first time over a long period of time.
According to the information provided by the Medium-Term Expenditure Framework and Fiscal Strategy (MTEF/FSP) report as released by the Federal Ministry of Finance, Budget, and National Planning, the exchange rate between the naira and the dollar may be further devalued.
The Fintech Association of Nigeria has appointed new board of Trustees in other to achieve its 3 year strategic plan for a better Fintech ecosystem in Nigeria.
A new documentary available on Amazon Prime explains how African countries can leverage on Bitcoin and other cryptocurrencies to boost the region's economy.