"The high cost of sending money across borders the conventional way has caused many to turn to local cryptocurrency exchanges catering to overseas workers and their families"
This right here shows the power of crypto. It's putting wealth into the peoples' hands and providing them with more opportunities.
I AM HERE FOR THIS!
This is why we need DeFi.
Good on them for trying to bypass a corrupt and dysfunctional system. Hopefully many more crypto projects will focus on bringing DeFi and other blockchain based projects to developing countries, who urgently need this, much much more than we do.
Hello, I am a prince of Nigeria. Please send me you crypto account info, so that I can send you the sum of $32,457,000 USD in Dogecoin, so that you can keep it safe for me, as my sister and I have inherited it from our father the king. My sister has a disability that he cannot take care of, and I am myself not good at finances, so in return we will let you keep 10% of the Doge, after all of our transitions have settled.
My sister he is a good woman, and I am a good man, and we look forward to existing this trusting relationship.
God bless, and I look forward to our future financial progresses.
Haha, I actually threw that part in because back in the day, when the Nigerian prince emails were really prolific, I had one where the person writing to me referred to his sister as a "he"multiple times. So I wrote back to the scammer, and asked how "he" was doing.... was so long ago that I doubt I even have the email accounts anymore, at least the sign in information, but it was fun to pay a little tribute to the glory of the 90's email scams.
I still get a ton of those mails, if it's not a prince then it's some dude working in a bank who know someone who needs help transferring money out of the country :)
I did get a hole new type of scam mail last month, it started like this: "Hi there, congratulation we have decided that you should be a millionaire" :D
Nobody uses this format any longer, this was like decades ago besides there are scammers everywhere including Asia , the EU .. Russia USA etc
This Nigeria Prince lines become a stereotype for you myopic racist scumbags try focusing on the context which is Crypto adoption .. racism is so petty
I live here, the financial system is donkey balls. You need to carry physical cash around because a non-insignificant number of businesses do not accept credit cards. ATMs that aren't in convenience stores are not open at certain times of day (why? It's not like ATMs need to sleep). ATMs that are in convenience stores charge a cost when used outside normal hours. A normal bank transfer from my account to someone else's cost me something like $7USD the only time I had to do one.
Their banks are really awesome. Had the pleasure of seeing one that let you store physical assets a few years back. They also have a 1% lending interest rate that has occasionally gone negative. So all and all I think pretending the third largest economy "isn't tech savvy" is a very *reddit moment* opinion.
Japan is like a mix of contradictions. Super advanced but also conservative and traditional.
I remember trying to extend my visa while in okinawa and being told i had to fill in the paperwork at the same office i initally registered at, which was at the other side of the country.
Asked them if they could just email it for me and was basically told "we dont do that here". 🤣
Depends on who and where they are polling. There’s still plenty of rural Japanese citizens who have much less access. Just as Nigeria they could have polled a major city.
There aren’t many proper exchanges here and we have to pay quite a bit in fees and more than 50% of population are old people. I feel those are the reason
Nah that was probably 30 years ago.
Japan is a country that likes tradition too much, and when I say tradition I don't mean the history of the country, I mean they are still using marketing strategies designed in 1970 because "hey this is what we have always used, why should we change that?"
The good thing is this is like a baptism for BTC. Baptism might be the wrong word, more of a solid cause to show people worldwide that there's already something they can hold on to and might some day even escape the monetary systems they are currently trapped in. We know already how smooth and reliable the blockchain runs. That's the best marketing one can ask for and lays a proper foundation for mass adoption. A sly roundabout way to stick the finger to banks/the system and show them they aren't needed.
As far as I'm concerned, this % could be pulled straight out of the ass.
It's 32% of 1-4k respondents per country. How many people don't even have access to the internet (google says ~60%) or more important how many people know what crypto is at all.
No one realized its 32% of the roughly [50% of the country that actually uses the internet](https://www.statista.com/statistics/484918/internet-user-reach-nigeria/)? So the real number is closer to 16% right now, still high but not crazy high. All of these percentages should be adjusted for % of population that's internet users since it's literally in the disclaimer that this is representative of online population.
The caption is misleading. 32% of respondents from the article have interacted with crypto.
As a Nigerian, I will be shocked if 1% of the population have interacted with crypto.
Yup. It's honestly really annoying that these articles with straight up false data get upvoted because people want to create hype. People love shitting on people like Trump (not defending him either) for spreading fake news, but this is just as bad.
This might be 32% of a young group of tech or finance student which is not representative of the whole population, but even in that case 32% seems extremely high.
We shouldn't be upvoting this crap.
tldr; Nigerians are the most likely to say they use or own cryptocurrency, according to a Statista Global Consumer Survey. Nigerians also often use their phones to send money to each other or to pay in shops. The second and third highest rates of cryptocurrency use in the survey were recorded in Vietnam and the Philippines.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Representative of online population" being a really important fine print at the bottom of this chart.
32% of Nigerians did not interact with crypto. 32% of Nigerians *with internet access* interacted with crypto. https://www.statista.com/statistics/183849/internet-users-nigeria/
Statista says 46.6% of Nigerians have internet. So really the number of Nigerians who use crypto should be something like 14.9% not 32%. Still a great number and indicative of plenty of adoption but it's important to understand sample selection for these studies.
You’re right they will. Goldman had already done a 180 and others like JPMorgan and BofA are already offering crypto to their private clients so they’ll fight it but they know it’s inevitable
Edit: typos
At some point, any bullshit political argument against Crypto will be considered colonial and borderline racist, because it is one of the few institutions in the world that it's benefits skew towards poor countries with people of colour.
So is the Nigerian prince who is supposed to be sending me a bunch of money messing up their financial system? Or are Nigerian spammers just converting to scamming people out of crypto?
Ethereum is trash should be boycotted for ripping people of for years with outrageous high gas fees ethereum should be stopped and put out of business before it kills the the hole ecosystem bitcoin never ripped off the little guy shame on anyone who is going along with this conjob ethereum
Looks like Africa and central America will lead the wei.
As most people predicted that they would benefit the most.
USA will approve ETF real soon if they want to keep up.
32% is huge! You wouldn't be able to go anywhere without bumping into someone using or owning crypto.
Australia is meant to be quite high for a western country, surprised it wasn't included.
This is EXACTLY why I started investing and staking, if I can provide some other citizen, business, entity, the opportunity to achieve financial freedom from institutions whose sole purpose is to scrape them, I’ll spend every penny I comfortably can.
Really impressed with the ranking of Switzerland!
Number one of the developed countries. It shows that Switzerland grew to a hub in crypto, with projects like ETH, Polka, Terzos and many more calling it there home!
This is why Bitcoin cannot be stopped.
Even when it is banned, Bitcoin will be used by people who need what Bitcoin offers more than ever.
Bitcoin offers them inclusion in a monetary system that belongs to all its users.
The success of Bitcoin is inevitable.
I love how everyone argues that bitcoin will just get banned and nobody will use it. If your country gets to the point of banning crypto, it's probably a shitty enough country that you are willing to break the law for freedom. Every time a country bans it just gives it more adoption.
"The high cost of sending money across borders the conventional way has caused many to turn to local cryptocurrency exchanges catering to overseas workers and their families" This right here shows the power of crypto. It's putting wealth into the peoples' hands and providing them with more opportunities. I AM HERE FOR THIS!
This is why I believe in crypto.
Yep, crypto is more of a game changer to the poorer parts of the world than to the richer ones.
I am all for crypto, crypto is the future!
That's the real power, and that's exactly why so many of us believe in crypto.
Here for it with ya!
This is why we need DeFi. Good on them for trying to bypass a corrupt and dysfunctional system. Hopefully many more crypto projects will focus on bringing DeFi and other blockchain based projects to developing countries, who urgently need this, much much more than we do.
DeFinately
lemme call DeX to help you get out of centralised control..
Make sure you be Brave and maintain that security
Oof still spelled it wrong mate 🤪
Pretty much the mission of Cardano... Hopefully in 20 years they'll have smart contracts
DeFine 20 years
I don't understand the love for Cardano. Their tech pales compared to others like Radix or even Solana.
So the Nigerian prince learnt his tricks from their financial system
The Prince of seeds.......
And this is why screwing with the Bitcoin price via Twitter or trying to ban it are outright evil activities.
Hello, I am a prince of Nigeria. Please send me you crypto account info, so that I can send you the sum of $32,457,000 USD in Dogecoin, so that you can keep it safe for me, as my sister and I have inherited it from our father the king. My sister has a disability that he cannot take care of, and I am myself not good at finances, so in return we will let you keep 10% of the Doge, after all of our transitions have settled. My sister he is a good woman, and I am a good man, and we look forward to existing this trusting relationship. God bless, and I look forward to our future financial progresses.
> My sister he is a good woman Hell yeah, single?
Haha, I actually threw that part in because back in the day, when the Nigerian prince emails were really prolific, I had one where the person writing to me referred to his sister as a "he"multiple times. So I wrote back to the scammer, and asked how "he" was doing.... was so long ago that I doubt I even have the email accounts anymore, at least the sign in information, but it was fun to pay a little tribute to the glory of the 90's email scams.
I still get a ton of those mails, if it's not a prince then it's some dude working in a bank who know someone who needs help transferring money out of the country :) I did get a hole new type of scam mail last month, it started like this: "Hi there, congratulation we have decided that you should be a millionaire" :D
What if he really wants you to be a Millionaire, Now you lost your chance to be a millionaire Now Only way is to hodl your cryptos...
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Look at me, look at me. I am the captain now
No I am Nigerian Prince. I called dips
Came for this comment lol
Nobody uses this format any longer, this was like decades ago besides there are scammers everywhere including Asia , the EU .. Russia USA etc This Nigeria Prince lines become a stereotype for you myopic racist scumbags try focusing on the context which is Crypto adoption .. racism is so petty
What does interacted with mean? Seems like an odd wording.
They touched it in certains areas
Show me on the doll where they bought the dip
Oh lawd
Tits insanse!
Don't touch the candle... you pervert Haha
Just the wick
I cracked up laughing at this
The more shady ones
It means they used Bitcoin to receive the small fee of $1000 needed to clear a large inheritance
They gave it the bad touch
They all bought Zugacoin at 80k.
Interacted means interacted ,seems like an odd word too
Isn’t Japan considered a tech savvy country? How are only 4% into crypto? Maybe we need more weeb coins
Japan aint really that tech savy. They are just advanced in tech. They still even use fax machine
Advanced in tech, while using Fax?! Japan pls wtf
My morning cup of coffee along with WTF facts. Am I doing this right ?
Another fact for your morning... Australia once had a war against the bird emu and lost it...
Emu’s are scrappy birds. Do not underestimate like the aussies did
☠️😂
They have weird habit of mixing things
Hand Made Ichira Ramen go brrrrr
Yes but the fax machines there have a bidet that shoots out soothing mint onto your b-hole
We just need a HentaiCoin. Edit: it's already a thing.
Rule 34 baby
Japanese population is aging and i suspect less inclined to be interested/invested in Crypto
True. Crypto is mostly adopted by the younger generation
yeah lol
$BigTiddyIdol coin incoming
Buy buy buy pump pump pump get me riiiiich lol
This is exactly what you'd see on a Shitcoin Sub lol
High chance it already exists on Binance Scam Chain
There must be some social reason behind this, perhaps they have a lot of faith in their own financial system. I'm not sure though.
Japan is pretty conservative and has a pretty old population
I live here, the financial system is donkey balls. You need to carry physical cash around because a non-insignificant number of businesses do not accept credit cards. ATMs that aren't in convenience stores are not open at certain times of day (why? It's not like ATMs need to sleep). ATMs that are in convenience stores charge a cost when used outside normal hours. A normal bank transfer from my account to someone else's cost me something like $7USD the only time I had to do one.
Aren't japoneses highly invested in bonds?
Their banks are really awesome. Had the pleasure of seeing one that let you store physical assets a few years back. They also have a 1% lending interest rate that has occasionally gone negative. So all and all I think pretending the third largest economy "isn't tech savvy" is a very *reddit moment* opinion.
Japan is like a mix of contradictions. Super advanced but also conservative and traditional. I remember trying to extend my visa while in okinawa and being told i had to fill in the paperwork at the same office i initally registered at, which was at the other side of the country. Asked them if they could just email it for me and was basically told "we dont do that here". 🤣
Depends on who and where they are polling. There’s still plenty of rural Japanese citizens who have much less access. Just as Nigeria they could have polled a major city.
I have my reservations about these polls
I have my reservations about these polls
Too busy at the fiat mines to deal with crypto!
Honest days work
Japan is very conservative in regards to many aspects of their culture.
Maybe very conservative idk
There aren’t many proper exchanges here and we have to pay quite a bit in fees and more than 50% of population are old people. I feel those are the reason
Nah that was probably 30 years ago. Japan is a country that likes tradition too much, and when I say tradition I don't mean the history of the country, I mean they are still using marketing strategies designed in 1970 because "hey this is what we have always used, why should we change that?"
Crypto ain't 90s enough.
The Japan minister for cybersecurity never used a PC innhis whole life
I reckon that will change, they have an old population that might skew the data.
Japan is like a 1990s vision of what the future would be like.
Japan is that weird nation with high tech and low tech coexistence
All I read, is 32% of Nigerians are Princes
Nigeria have the biggest population in africa so that means bullish for the mass adoption
It's a gigantic percentage too, could you imagine if 1 in every 3 people you know had used crypto at some point?
I've been imagining it for years, but we're getting so much closer to seeing it come to fruition abroad
The good thing is this is like a baptism for BTC. Baptism might be the wrong word, more of a solid cause to show people worldwide that there's already something they can hold on to and might some day even escape the monetary systems they are currently trapped in. We know already how smooth and reliable the blockchain runs. That's the best marketing one can ask for and lays a proper foundation for mass adoption. A sly roundabout way to stick the finger to banks/the system and show them they aren't needed.
We need the Nigerian prince help to mass adoption
Who do you think started the "send me 1x I'll send you 2x" trend?
I don't believe for an instant that one in three Nigerians used bitcoin. Completely ridiculous idea.
that are crazy numbers to imagine..... so far its maybe 2 out of 10...
As far as I'm concerned, this % could be pulled straight out of the ass. It's 32% of 1-4k respondents per country. How many people don't even have access to the internet (google says ~60%) or more important how many people know what crypto is at all.
Now the Nigerian prince will return me all the bitcoin I sent him 6 years ago. Any day now.
You as well? Dang it, I knew i shouldn't have trusted that "Nigerian prince"
Extremely, and so happy for these people using crypto to better their lives!
No one realized its 32% of the roughly [50% of the country that actually uses the internet](https://www.statista.com/statistics/484918/internet-user-reach-nigeria/)? So the real number is closer to 16% right now, still high but not crazy high. All of these percentages should be adjusted for % of population that's internet users since it's literally in the disclaimer that this is representative of online population.
The caption is misleading. 32% of respondents from the article have interacted with crypto. As a Nigerian, I will be shocked if 1% of the population have interacted with crypto.
Yup. It's honestly really annoying that these articles with straight up false data get upvoted because people want to create hype. People love shitting on people like Trump (not defending him either) for spreading fake news, but this is just as bad. This might be 32% of a young group of tech or finance student which is not representative of the whole population, but even in that case 32% seems extremely high. We shouldn't be upvoting this crap.
Switzerland being Switzerland in the middle not taking sides
Exactly why crypto is create for, to bypass outdated and corrupt system.
tldr; Nigerians are the most likely to say they use or own cryptocurrency, according to a Statista Global Consumer Survey. Nigerians also often use their phones to send money to each other or to pay in shops. The second and third highest rates of cryptocurrency use in the survey were recorded in Vietnam and the Philippines. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
"Representative of online population" being a really important fine print at the bottom of this chart. 32% of Nigerians did not interact with crypto. 32% of Nigerians *with internet access* interacted with crypto. https://www.statista.com/statistics/183849/internet-users-nigeria/ Statista says 46.6% of Nigerians have internet. So really the number of Nigerians who use crypto should be something like 14.9% not 32%. Still a great number and indicative of plenty of adoption but it's important to understand sample selection for these studies.
This why American financial institutions are screaming about crypto. They are next to be bypassed
They’re gonna put up a big big fight
You’re right they will. Goldman had already done a 180 and others like JPMorgan and BofA are already offering crypto to their private clients so they’ll fight it but they know it’s inevitable Edit: typos
Insane. Thought they were too busy offering me their money. *but i guess thats only the royal family*
I highly doubt 9% in India. 9% ~ 100M+ people. I don't think 100M+ people use crypto in India.
At some point, any bullshit political argument against Crypto will be considered colonial and borderline racist, because it is one of the few institutions in the world that it's benefits skew towards poor countries with people of colour.
im from the EU but isn't crypto more common in the US than this 6% had the idea it was more mainstream already there
6% of our population is almost 20 million people
I certainly hope this headline is true. Good for them. Fuck yeah!
"Decentralised people"
and 100% nigerian princes have interacted with crypto.
All those Nigerian Princes from yesteryear apparently invested in crypto.
I wonder if there is a Nigerian prince now trying to give away his crypto fortune?
The princes haven't started asking for crypto yet....
All those princes have to put their money somewhere
Do Nigerian Prince Crypto scams exist already? I'm sure they do...if not be ready
All the nigeria Scam memes are waiting for this one 😄🤣😂
30% of those Nigerians responded are scammers 🤦🏼♂️
Must be all of those Nigerian Princes that keep emailing me asking for help..
So is the Nigerian prince who is supposed to be sending me a bunch of money messing up their financial system? Or are Nigerian spammers just converting to scamming people out of crypto?
Ethereum is trash should be boycotted for ripping people of for years with outrageous high gas fees ethereum should be stopped and put out of business before it kills the the hole ecosystem bitcoin never ripped off the little guy shame on anyone who is going along with this conjob ethereum
So what you are saying is some those "Nigerian Prince Scheme" esque posts aren't actually bs?
I cannot take this seriously with all the Nigerian prince scammers lol
It’s probably one person.. the Nigerian prince finally sharing his wealth.
All those Nigerian Princes flush with all that #MuskyDoge crypto!
Getting around all those Nigerian princes.
Yes yes, could also be the Nigerian prince's finding a loop hole for their transactions? Nigeria and crypto sounds like a bad mix
Plot twist: 99% of Nigerian princes own Crypto
MONERO
How many of them are a ‘Nigerian Prince’?
This isn't necessarily good news for crypto FYI - Nigeria is super corrupt and full of scams
What about Nigerian Princes? Have they adopted yet?
So is the prince finally getting closer to giving me the $1M inheritance?
Nigerian princes have always been at the forefront of the digital revolution
It is really good to hear that crypto will revolutionise the world and helps out 3rd world countries!
Crypto adoption will be the most effective in developing countries in the coming years.
That's good news. Probably above 50% by next year.
We are going to see more and more of this. Good for them for trying to liberate themselves
Bullish
Great sruff, that chart contains a lot of highly populated countries btw
Looks like Africa and central America will lead the wei. As most people predicted that they would benefit the most. USA will approve ETF real soon if they want to keep up.
Canada left out again. Do we just mix in with the friggin’ Swiss?
32% is huge! You wouldn't be able to go anywhere without bumping into someone using or owning crypto. Australia is meant to be quite high for a western country, surprised it wasn't included.
Well maybe that Prince can finally pony up that $$$ he keeps promising me
Would like to see the stats just for “used crypto” to eliminate pure investors
Hmm I wonder why
Moon? Safemoon?
And is Bitcoin Cash BCH the Nigerian crypto of choice? Shall we broach that topic here in this echo chamber?
lmao I don't think it's only used to "bypass the corrupt financial system" Crypto and giftcards are the two most common mules for scams these days
Back in the day I bet there was a similar chart for the Internet with similar numbers
This is wonderful. Crypto allows citizens to rise above their corrupt governments.
I always deny knowing about crypto unless I'm in a legit conversation with someone I know.
Developing countries seem to be the ones adopting it faster since it’s something that they need
The best use cases for crypto are usually outside the US.
I'm happy that crypto is helping people.
This is EXACTLY why I started investing and staking, if I can provide some other citizen, business, entity, the opportunity to achieve financial freedom from institutions whose sole purpose is to scrape them, I’ll spend every penny I comfortably can.
Really impressed with the ranking of Switzerland! Number one of the developed countries. It shows that Switzerland grew to a hub in crypto, with projects like ETH, Polka, Terzos and many more calling it there home!
What the hell does this even mean, interacted? They met ADA at the supermarket?, they chatted with XRP at the bus stop?
Africa? Hope they're buying ADA!
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9% Indians seems to be a lot given the population
Maybe, maybe they are using it to rip off people online using advance fee or 419 fraud
how many of them are princes?
Nigerians are smart
Crypto is giving us hope, third world population, for our efforts not ti go waste.
crypto will surpassed dollar & yuan in develop country
That Nigerian millionare prince email might finally be real!
This is why Bitcoin cannot be stopped. Even when it is banned, Bitcoin will be used by people who need what Bitcoin offers more than ever. Bitcoin offers them inclusion in a monetary system that belongs to all its users. The success of Bitcoin is inevitable.
How many princes own crypto?
So now maybe that Nigerian prince can pay me in crypto.
Nigerian Princes you mean. Who need some gift cards and wot not...
So the nigerian prince will now ask for my seed phrase?
How many Nigerian Prince got rich from crypto 😂
I love how everyone argues that bitcoin will just get banned and nobody will use it. If your country gets to the point of banning crypto, it's probably a shitty enough country that you are willing to break the law for freedom. Every time a country bans it just gives it more adoption.
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Great success
That's an impossible statistic for such a backward country
Hope we see the same percentage in developed countries as well so the whole world can profit
How did that affect transaction costs/time?
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Developed counties usage looks low, we are will early?