Nigerians Flock to Crypto as the Naira Weakens

September 8, 2022 by Business Desk

CoinDesk published this video item, entitled “Nigerians Flock to Crypto as the Naira Weakens” – below is their description.

Some Nigerians are turning to bitcoin (BTC) to hedge against the naira’s drop in value amid a collapsing economy. Paxful Deputy General Counsel Jude Ogene and Africa Blockchain Institute Head of Research Oluwaseun Adepoju discuss the role of crypto as a potential tool for financial freedom. Plus, WomenInDeFi Brand Strategist Umeh Chinonye discusses the impact of Web3 and DeFi in Nigeria.
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