Nigerians’ appetite for bitcoins grows despite ban

Cryptocurrency gained more traction last October after Nigeria blocked bank accounts of alleged financiers of popular protests against police brutality. — Reuters

LAGOS: When Nigerian office worker Chigoziri Okeke bought cryptocurrency for the first time in 2016, he was only looking to make an online payment. But the 10% gain on his wallet’s balance after a few days fired up the 27-year-old’s interest.

Now, the Lagos resident has more than US$50,000 (RM207,187) worth of different cryptocurrencies.