The Africa’s biggest digital currency exchange BitX reports that the price of a bitcoin has reached $1250 on November 21, 2016. But the global value of a bitcoin is about $740 at the same time the price were increased between 10% to 20% in India only. That is about 899$ according to November 24, 2016.

There is a factor behind the unusual spike in the price of bitcoin in Nigeria. i.e Several forex hoarders identified the growing interest of cryptocurrencies among Nigerians. So they were brought down and signs to the digital currencies. This makes the Nigerian naira to gain strength against US dollar.

According to the world bank, Nigeria has the highest remittance level and it is ranked at fifth after India, china, Philippines, and Mexico…Read More>>