The Fundamental Reasons Why Sub-Saharan Africa is Responding Relatively Slowly to Cryptocurrency: Focus on Nigeria

By December 1, 2015Bitcoin Business

With a population of over 170 million people, and land-mass covering an area of over 900,000 Square Kilometers, Nigeria is naturally expected to be a front-runner within the global ecosystem of innovations and technological advancement. On the contrary, the attitude of the largest black nation in the world has proven to be the proverbial “late bloomer” whenever there is a wave of new technological ideas cutting across the globe. That notwithstanding, whenever it eventually hits the ground, its economic impact will not go without notice.

The predominant slow acceptance of Bitcoin CT r: 8 and other Cryptocurrencies is not different from what has been seen with previous new ideas, as very few people agree to have the slightest opinion on what Bitcoin is all about; very few people would admit to know that it is merely another kind of online currency.

Zainab Adeiza MSc. is a lecturer of the Faculty of Science at the profound Baze University Abuja . Having acquired her undergraduate and postgraduate degrees at Ahmadu Bello University Zaria and University of Jos , Plateau State, she stands high to understand the general attitude of present generation Nigerians and their receptivity to new ideas in a constantly evolving social and technological environment.

Here we bring you the details of an interview with Zainab Oiza Adeiza on her opinion on the reasons for such reluctance from the Nigerian public towards cryptocurrencies. Two Major Factors Are Responsible For Nigerians’ Reluctance Towards Bitcoin

We have noticed that the majority of Nigerians currently appear to be either ignorant or not very interested in Bitcoin and other Cryptocurrencies. However, it’s unclear what this attitude could be attributed to.

According to Zainab Adeiza the nonchalant attitude of Nigerians towards new ideas is not restricted to Bitcoin. It’s an issue that cuts across every aspect of technological development […]

Leave a Reply

All Today's Crypto News In One Place