Government Investment Unit of Indonesia

Nigerians High Use of Cryptocurrency and Rise in Second Citizenship Demand Symbolise Need for Greater Freedom

Retrieved on: 
Friday, August 6, 2021
Bitcoin, Industry, Program, Investment, Health, CBI, CEO, Freedom, EB-5 visa, COVID-19, End, Corruption, Policy, Work, Tourism, Government Investment Unit of Indonesia, Legislation, Business, Pax Americana, Government, Travel, Insurance, Cryptocurrency, Education, Pharmaceutical industry

LONDON, Aug. 6, 2021 /PRNewswire/ -- According to global cryptocurrency trading platform Paxful, Nigerians are only second to the United States when it comes to Bitcoin exchange.

Key Points: 
  • LONDON, Aug. 6, 2021 /PRNewswire/ -- According to global cryptocurrency trading platform Paxful, Nigerians are only second to the United States when it comes to Bitcoin exchange.
  • In addition to the increasing use of cryptocurrency, there has been a surge in demand for second citizenship as Nigerians begin to look elsewhere for greater freedom.
  • The COVID-19 pandemic has exacerbated pre-existing concerns amongst Nigerians, including corruption, high inflation, lack of opportunities and access to higher quality education and healthcare.
  • Second citizenship, similarly to cryptocurrency, provides the holder with alternative options of living and conducting business.