For the First Time, Kenya Ranks Above Nigeria in Bitcoin Search in Africa.
Recent Google Trends data compiled by Blockchaincenter.net shows that Kenya ranks above Nigeria in Bitcoin search for the first time over a long period of time.
Thank you for reading this post, don't forget to subscribe!
A recent interactive map compiled by Blockchaincenter.net shows that the level Bitcoin searches worldwide are most concentrated in African countries and South America with Kenya and Brazil topping the board respectively.
From the search data released at Blockchaincenter.net, it shows that Bitcoin (BTC) dominates search interest in Africa.
Kenya covers 94.7% of all searches related to Bitcoin and cryptocurrencies, including Bitcoin Cash (BCH), Cardano (ADA), Dogecoin (DOGE), Ethereum (ETH), IOTA, Litecoin (LTC), Monero (XMR), XRP, and Tron (TRX).
Nigeria comes second with a high percentage of 89.4% and South Africa at 89% search voice.
Read Also: Nigeria Leads the Google Trends Search Data for the Word Bitcoin in 2020 Amidst Unclear Regulations in the Country.
Top 10 Most Bitcoin Maximalist Countries
Crypto adoption in Nigeria and Africa
Nigeria has been on the top board with the most google search trend data for Bitcoin.
The recent drop to the fifth position might be a shift towards the recent upsurge in the new cryptocurrency in the country called Tatcoin.
There has been an increased interest towards the adoption of a ground breaking cryptocurrency currently trending in the country, called Tatcoin.
This current search data suggests that Africa could be the next big frontier for cryptocurrency adoption around the world.
Read Also: Delta State Bitcoin Adoption is Growing Daily From A Google Search Trends With The Keyword “Bitcoin Faucets”.
State of Cryptocurrency Regulation in Nigeria and Africa.
SEC Nigeria has been working on putting together a legal regulatory framework that will help the cryptocurrency ecosystem in the country to function properly against all odds.
Diutocoinnews previously reported that Fintech Association of Nigeria has issued a roadmap report for the regulation of fintech and blockchain ecosystem in Nigeria.
Though cryptocurrency is yet to be regulated in Nigeria, there are moves towards putting up a regulatory framework for cryptocurrency adoption.
However in South Africa, the country’s financial regulator issued a policy document affirming that crypto assets and activities relating to virtual currencies “can no longer remain outside of the regulatory perimeter.”