Nigerians Continue to Turn to Bitcoin When Established Financial Institutions Won’t Help

In Nigeria — where cryptocurrencies often underpin local economies — Bitcoin remains as popular as ever, despite a few shaky weeks elsewhere.
Nigeria is West Africa’s largest economy, and has the world’s third-largest Bitcoin holdings as a percentage of gross domestic product (GDP), behind Russia and New Zealand, according to Citigroup. This affinity with Bitcoin is related to the fact that blockchain-based payment systems drastically improve the ease of doing b