Nigeria, Ghana and South Africa top bitcoin users

In its December 2019 edition of her monthly press release, The Chartered Institute of Bankers of Nigeria (CIBN) disclosed that the use of bitcoin by Nigerians has continued to be on the rise. The report stated that in 2018, 41 per cent of new bitcoin users, came from Nigeria, Ghana and South Africa. This upward trend continued in 2019.

This rise has continued in spite of the Central Bank of Nigeria’s warning that digital currencies are not legal tender with naira as the sole legal tender.