escort beylikdüzü dubai escort escort service
JBKlutse
  • Technology
  • How Tos
  • Top X
  • News
  • Forum
  • Editors’ Picks
No Result
View All Result
  • Technology
  • How Tos
  • Top X
  • News
  • Forum
  • Editors’ Picks
No Result
View All Result
JBKlutse
No Result
View All Result

59 per cent of Nigerians ready for a global digital currency – new survey

PR Partner by PR Partner
December 1, 2020
in News
global digital currency

Luno, the global cryptocurrency platform, has today announced the findings of a new global survey which revealed that nearly 3 out of 5 Nigerians are ready to adopt a global digital currency, reflecting the country’s growing interest in cryptocurrencies since the start of the global pandemic. Nigerians also rank higher than the global average of 37 per cent for openness to digital currency adoption.

The survey, which included 15,000 respondents from South Africa, the UK, France, Italy, Indonesia, Malaysia and Nigeria, was first conducted in 2019 and then repeated in 2020. It also forms the basis of Luno’s “Trust and Uncertainty in 2020” report which explores how the attitude towards governments, money and the decision making by central banks have changed since last year.

According to the survey, 54% of Africans think a single global currency would make their financial system better, compared to 41% for Asia and 35% for Europe. Looking at the responses in total, across all the countries in the survey, respondents expressed a more negative sentiment on the development of their local currency than last year. 40% believe their local currency will decrease in value over the next year, while 31% think it will stay the same, and only 29% see an increase going forward. Hence, the majority are anticipating a decrease in their local currency which is leading many to explore alternatives.


Kindly subscribe to our YouTube channel


Speaking on the rising interest for cryptocurrencies in Nigeria, Owen Odia, Luno’s Country Manager for Nigeria, says “This year, we see a level of uncertainty that hasn’t been seen since the 2007-8 global recession and with this, there’s been a wave of Nigerians making their first steps to learn about cryptocurrencies. The growing interest in cryptocurrencies represents a new openness to look beyond the traditional ways of managing and getting the most out of your money and exploring other useful opportunities.”

“People have had more time to research the benefits of cryptocurrencies and how they present a viable solution to many of Nigeria’s challenges around high inflation, currency volatility and limited banking infrastructure. With ongoing inflation and other fiscal challenges, we anticipate that more Nigerians will continue to explore different ways of getting the most value from their money.”

“The report also revealed that 52% of Nigerians feel their local economy is performing poorly compared to the global average of 36%. Confidence in the naira is also quickly diminishing with 44% of Nigerians believing their currency will decrease over the next 12 months –  almost doubling from the report’s 2019 figures of 23%.

However, in the midst of all the financial chaos, bitcoin has emerged as an attractive alternative to fiat money – for its deflationary properties and its startling performance over the last year (up 145%). Increasingly institutional investors, traditional finance players and companies are adding Bitcoin to their balance sheets.

Discussing the emergence of bitcoin in recent months, Marius Reitz, General Manager for Africa at Luno, says “There’s a fresh impetus to educate ourselves as our current financial system is looking increasingly ill-equipped to overcome the challenges.”With lowering interest rates, you don’t want to be in a situation where you don’t earn any interest on your money and lose purchasing power for every year that goes by.”

“Therefore, at Luno, we’ve launched a savings wallet allowing customers to earn up to 4% interest per year on their bitcoin. We encourage our customers to learn as much as possible about investing and consider how they can maximise their savings.”

To learn more about Luno’s new Bitcoin Savings Wallet, click the following link.

For stories of this sort and more, do well to log on to www.jbklutse.com or visit us on Facebook. To report a typo, email the editor: editor@jbklutse.com.

Share23Tweet15Share6
PR Partner

PR Partner

Related Posts

HelpCenter app's PO
News

HelpCenter app’s PO: TikTok has a chance to become an important customer service channel

by PR Partner
January 25, 2021
0

In a recent interview with Finbold, the HelpCenter app Product Owner (PO) Raimundas Asauskas talked about the potential of TikTok...

Read more
Nigeria's Sparkle signs with payment experts Network International

Nigeria’s Sparkle signs with payment experts Network International for virtual and physical payment cards

January 25, 2021
TLcom leads $6mn Series A in African InsureTech platform

TLcom leads $6mn Series A in African InsureTech platform, Pula

January 25, 2021
007 James Bond pop-up channel

007 James Bond pop-up channel makes a grand return to M-Net Movies

January 25, 2021
54gene unveils world-class scientific research laboratory

54gene unveils world-class scientific research laboratory in Lagos State, Nigeria

January 22, 2021
Autochek opens Accra office

Autochek opens Accra office to support transformation of Ghana’s automotive industry

January 21, 2021
Next Post
HUAWEI Y8p

HUAWEI Y8p, a new kind of budget smartphone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

ADVERTISEMENT
jbklutse eshop

MOST READ

  • Smartphones
  • News from APO Group
  • JBKlutse Photo Store

RESOURCE LINKS

  • Forum
  • Becoming a Tech Publishing Giant
  • Contact Us
  • Join Us on Telegram
  • Review Guidelines
  • Sponsored Post Guidelines
  • Advertise on JBKlutse
  • Becoming a Tech Publishing Giant
  • Advertise With Us
  • Contact Us
  • Terms
  • Privacy
  • Disclaimer

© 2015-2021 JBKlutse.

No Result
View All Result
  • Technology
  • News
  • How Tos
  • Forum
  • Top X
  • Editors’ Picks
  • Contact Us
  • Advertisement

© 2015-2021 JBKlutse.

düğün fotoğrafçısı

gebze araç kiralama etimesgut evden eve nakliyat