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Nigeria’s exchange rate crisis pushes business demand for bitcoin upward

...BDC operators switch to bitcoin for international trade

Nigeria’s exchange rate crisis is pushing many business owners towards bitcoin (BTC) as a preferred means of buying goods from manufacturers outside the country.    The pressure on naira is projected to be heading towards N480 per dollar later this week. On Monday the dollar was trading at N477, representing an N2.00k depreciation compared to…

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