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[SCAMEXPOSER]

Nigerla was leading in the Peer to peer transactions by Market capitalization but Countries of sub-Saharan Africa sees major rise via Bitcoin trading volume as revealed by a Redditor's diagram. South African country now leads Bitcoin P2P trading volume race by market cap in the world, overtaking North America—approaching to $17 million. This is because these countries have sought after bitcoin as a solution to their poor economy, low standards of living, high inflation and no access to banking services. Africa is warming to be a major market for cryptocurrencies.

 

[Wisdom01]

This is really good , I think Nigeria was almost moving towards topping the list. But the crypto ban in the country affected a lot of things , am glad Africa countries are taking a good crypto move

 

[SCAMEXPOSER]

This is really good , I think Nigeria was almost moving towards topping the list. But the crypto ban in the country affected a lot of things , am glad Africa countries are taking a good crypto move

The cryptocurrency ban wasn't a factor because Nigerla even recorded huge volume last two months despite the ban but the fact is that cryptocurrencies trend is spreading fast.

 

[Wisdom01]

The cryptocurrency ban wasn't a factor because Nigerla even recorded huge volume last two months despite the ban but the fact is that cryptocurrencies trend is spreading fast.

Most people stopped trading because of the ban , so I suspected the ban having infulence in the low volume of crypto trading too, I will check the current trend

 

[SCAMEXPOSER]

Most people stopped trading because of the ban , so I suspected the ban having infulence in the low volume of crypto trading too, I will check the current trend

I think the bearish movement was what reduced the trading volume but now that the market is on recovery we could see more inflow of trading from Nigerlans soom

 

[Wisdom01]

I think the bearish movement was what reduced the trading volume but now that the market is on recovery we could see more inflow of trading from Nigerlans soom

Probably because many don't really like buying the dip , it's funny that when the price is rising they buy , so their funds could rise , you might be right too

 

[GoldenLady]

Africa is a ripe market for cryptocurrency with the high rates of inflation and unemployment. It's not surprising that countries in this part of the world use p2p the most, especially with how government are bearing down on it.

 

[SCAMEXPOSER]

Africa is a ripe market for cryptocurrency with the high rates of inflation and unemployment. It's not surprising that countries in this part of the world use p2p the most, especially with how government are bearing down on it.

Honestly, the African youth need to take advantage of this financial liberation medium of cryptocurrencies because things aren't working in most the countries in the continent.

 

[Niftyicon]

No better time than now for the people to find refuge in cryptocurrencies. The inflation rates are through the roof and fiats have become so devalued.

 

[Acrosin]

The cryptocurrency ban wasn't a factor because Nigerla even recorded huge volume last two months despite the ban but the fact is that cryptocurrencies trend is spreading fast.

Yeah. You are right. The ban on crypto does not affect trading. It boosts the use of P2P more by a larger percentage and that is why Nigeria is second to South Africa.

 

[SCAMEXPOSER]

Yeah. You are right. The ban on crypto does not affect trading. It boosts the use of P2P more by a larger percentage and that is why Nigeria is second to South Africa.

That is true and in fact the position of the country leading in Africa is not really stable because sometimes Nigerla leads and later South Africa displaced and the circle continues.