Data gathered three months after the launch showed the e-Naira app was still downloaded nearly 700,000 times from 160 countries & had supported 35,000 transactions. More on the state of Crypto in Nigeria 👇
, and Nigeria is one of seven countries whose unbanked citizens constitute half of the total unbanked population worldwide.
We should also consider crypto’s usefulness in getting money to people in need — whether they are in a humanitarian crisis, or have their accounts sanctioned by the state. That these protesters could use cryptocurrencies to circumvent sanctions sent shockwaves through the Nigerian political class. One crypto platform operator spoke to the Guardian anonymously and“They know they can’t really stop it. It’s out of their control, and what scares them is they are not used to being in this position.
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