Survey: 75% of Nigerians are confident in using Bitcoin for financial transactions

A new survey data shows that 75% of Nigerians are confident in using Bitcoin for financial transactions. The findings of the survey come at a critical time for traditional financial marekting in Nigeria.
Nigeria's local currency, the naira, has fallen sharply in recent months, and the government has targeted cryptocurrencies while trying to maintain the naira exchange rate. One of the recent moves by the Nigerian Securities and Exchange Commission (SEC) against the cryptocurrency industry is a proposal to significantly increase the registration fee for cryptocurrency exchanges by 400%.