Africa, Nigeria especially becoming a force in cryptocurrency.

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Many Africans, especially Nigerians will agree with me that the rate at which the youths has been engaging in forex is increasingly on the rise. People tend to make more research, surf the internet, and youtube videos to widen their knowledge about what is termed finance 2.0, the foreign exchange.
And thats why there are different people offering to train people on how to trade, of course thats not for free, you will surely pay for that and there are some who will help trade for you,

The thing is that most Nigerians look at crypto as big opportunity to be wealthy.

No wonder 2020 statistics shows Nigeria ranked #3 with trade volumes.

I remember in 2015/2016 when i heard about bitcoin, i was thinking its another ponzi scheme, i wasn't interested in that not for once, and i have friends who had invested their money in it and making their cool cash,

The most important thing is getting an alternative source to wealth, and thats my case, i can't continue to work all year and only get paid 12 times, therefore creating an alternative source of income becomes importannt for me if i want to meet up, bills keep piling up, inflations sets into the economy and looks as though poverty wants to settle in.

Then I have no other options than to invest in bitcoin, i was already having a good idea of how it works, and started trading with $50, i was scared to take the risk and i wasnt sure of its future.
Started on a wining note, later loss some money, but i gradually grow and learn more and overall i'd say trading forex has been a great one for me.

Forex or cryptocurrency generally is form of digital banking as finance gets evolving,

Because of its volatility, economists and expert has warned against investing huge in cryptocurrency, a case of a Nigerian young boy in his early 20s who committed suicide after losing about $300 million in forex, i think this is one of the many reasons the Nigerian government is seeing it as a bet and they move to ban it even though the ban is not totally enforced yet.

• On binance the nigerian currency naira has been excluded, rather we have p2p peer-to-peer transactions meaning we can only transfer fiat through a middle man or directly with each other rather than transferring fiat between financial institutions and the corresponding crypto.

While many of us still see it has been backward and a bad decision from the government, especially while other countries benefits hugely from it, where people are trying to create their own wealth, they should rather build an environment around it and find a way to make it work rather than focusing only on its disadvantages

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