August 19, 2017

Bitcoin firm targets Nigeria

Bitcoin firm targets Nigeria

Cryptocurrency company BitX has launched its Bitcoin technology in Nigeria as it targets Africa’s biggest economy.

BitX is headquartered in Singapore but it has a development team in Cape Town and also operates one of only two South African Bitcoin exchanges.

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Fin24 reported in November last year on how BitX launched a digital Bitcoin wallet app for Android and Apple iOS devices in the South African market. The technology makes it easier for people to buy and sell Bitcoins.

Now BitX is targeting Nigeria – a country that has over 150 million people and an economy that ranks number one in Africa.

“Nigeria is a fast-growing and highly entrepreneurial economy, and we’ve been inundated with requests for Bitcoin products and services from consumers, developers and Nigerian businesses,” BitX chief executive officer, Marcus Swanepoel, said in a statement. Read more

 

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