Sun. Jun 23rd, 2024

Nigeria Leads Africa In Crypto Salary Withdrawals.

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Data from global hiring report shows that Africa, Europe and the Middle East account for 34% of crypto salary withdrawals with Nigeria accounting for the highest rate among Africans.

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The report published by cryptojoblist and CoinMarketCap revealed that in 2021, global hiring firm Deel published a report that noted a 10% month-over-month increase in people who want to be paid in crypto since November 2020. 

The data, pulled from over 100,000 contracts in over 150 countries, shows that Latin America (LATAM) and Europe, Middle East and Africa (EMEA) are on top of the regions that have employees taking a portion of their pay in crypto.

Additionally, the study shows that Bitcoin (BTC) is still the preferred crypto with 63% of crypto salaries done using the coin. However, while BTC stays dominant, altcoins are also slowly gaining traction. Ether (ETH) and USD Coin (USDC) are tied at second place at 7% of crypto salaries each. Solana (SOL) and Dash (DASH) followed, each with 2%.

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