According to recent 2020 Google Search and Google Trends Search data for the world ‘Bitcoin,’ Nigeria is once again leading by a huge margin in the number of people searching for the leading cryptocurrency.
Interestingly, among the top 5 destinations, Africa accounts for 3 out of the total.
Breaking down the stats, the top 10 countries are as follows:
- South Africa
A breakdown of the top cities with most searches is as follows:
- Lagos, Nigeria
- Vienna, Austria
- Munich, Germany
- Berlin, Germany
- Los Angeles, United States
- Toronto, Canada
- London, United Kingdom
- Sydney, Australia
- New York, United States
- Singapore, Singapore
A search for ‘Ethereum,’ the second largest cryptocurrency by market cap, brings Nigeria among the top 10 countries below:
- North Macedonia
The above stats are not surprisingly when you consider the thriving cryptocurrency and blockchain ecosystem in Africa’s most populous country which has seen crypto exchanges in the country continue to challenge themselves and offer superior crypto services to the market.
Recently, Paxful, one of the largest P2P Bitcoin platforms, released a statement noting that the number of trades across the African continent had grown 64% by October 2019 when comparing to the same time period in 2018.
Paxful said it added over 800,000 wallets in the past 12 months with the majority of the 15 million trades growth coming from African countries – Nigeria, Ghana and Kenya. The company’s growth on a continent where other big global exchanges have failed lies in servicing the Nigerian remittance market underpinned by gift cards.
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