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Bitcoin Price Hits $68,000 In Nigeria: Here's Why

Bitcoin Price Hits $68,000 In Nigeria: Here s Why
02/24/21 AT 6:51 AM
The price of a bitcoin has rise by nearly 90 percent since the start of this year Photo: AFP / Ozan KOSE
KEY POINTS
There is a budding informal market for the dollar in Nigeria and other emerging markets
The Bitcoin rates may be a reflection of the real value of the local currency
The price of Bitcoin in Nigeria has exploded to $68,000, which is $20,000 higher than the current global market rate, primarily because of the current exchange rate between the U.S. dollar and the Nigerian naira.
As per a listing on LocalBitcoins, 1 Bitcoin is worth 26,000,000 naira in Nigeria. At the rate of 380 naira per dollar, the price of 1 BTC in Nigeria when converted to dollars is $68,246, a large 24% premium from the current market rate. ....

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In case this is your first rodeo, what's happening with housing and stocks is not normal

In the pandemic hothouse, we’ve reached a level of intensity and disruption that has taken us very far from the usual rhythms of personal finance and investing ....

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Bityard and Paxful to Provide Crypto Access to Global Investors

Bityard and Paxful to Provide Crypto Access to Global Investors
Bityard and Paxful have announced a strategic partnership to provide convenient crypto access to global crypto investors
SINGAPORE, Feb 19, 2021 - (ACN Newswire) - Bityard, the world s leading crypto derivative exchange, has teamed up with Paxful, a global peer-to-peer cryptocurrency marketplace, to provide convenient payment methods for Bityard users to buy Bitcoin with over 150 fiat currencies, enabling global investors to make deposits at Bityard using local fiat money.
Paxful also offers Bityard users multiple ways to purchase cryptocurrency, including bank transfer, domestic wire, online wallets, gif cards and more. Fiat currencies available for Bityard users to buy crypto assets include the Russian Ruble (RUB), Vietnamese Dong (VND), Indonesian Rupiah (IDR), Nigerian Naira (NGN), Colombian Peso (COP), British Pound (GBP), Mexican Peso (MXN), Canadian Dollar (CAD), Euro (EUR), and Argentine Peso (ARS) ....

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