Bitcoin is trading big in Nigeria, see the weekly stats

Bitcoin is trading big in Nigeria, see the weekly stats

This is interesting for Bitconin Nigeria; Tim Akinbo has great stats.

While was shutting down transfers to Nigeria, Nigerians traded worth 7.4m over the last 4wks.

stat

He added:

Over 90% of that volume are remittances to Nigeria. Two weeks ago, it hit a weekly all time high of ?2.9m

This is just a start but certainly the banks will wish they are getting the fees associated with the inter-boundary money movement. Even Western Union may not be very happy with Bitcoin.

 

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