Nigeria has emerged as one of the world’s most innovative markets for international money transfers, with a new global report revealing that about 40 percent of Nigerians now use cryptocurrency platforms for cross-border payments.
The finding, contained in the inaugural Cross-Border Payments Interoperability Index released by Thunes in partnership with Juniper Research, places Nigeria far ahead of the global average, where only 11 percent of consumers use cryptocurrency for international money transfers.
The report, based on a survey of more than 6,500 consumers across ten countries and an assessment of 50 global markets, identifies Nigeria as a leading force in the ongoing transformation of cross-border payments.
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The study suggests that Nigeria’s challenging economic environment, combined with a young and technology-driven population, has created ideal conditions for rapid digital asset adoption.
According to the report, cryptocurrencies have become more
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