Why some smart Nigerians are starting to use cryptocurrencies when betting
[NigerianEye - Nigeria] - 4/11/2025
Over 60 million Nigerians take part in daily gambling activities - it’s a market that is often overlooked by Western companies, but has massive potential and an appetite for innovation. More and more Nigerians have begun abandoning traditional naira-based platforms in favor of cryptocurrency betting, and it’s got very little to do with speculation, but the economic realities in which these activities are conducted. Nigeria transacted over $50 billion in crypto in the year leading up to June 2024, ranking it in the top 10 for global adoption. With the naira depreciating over 40% in 2024, (…)
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