Building a Bitcoin Village in Nigeria – Bitcoin Magazine

Nigeria is a unique country in West Africa, geographically located between the Sahel to the north and the Gulf of Guinea to the south in the Atlantic Ocean. Inflation is currently over 18% and currency depreciation is sometimes a daily occurrence. If you’ve never had a backpack full of useless naira, you wouldn’t understand.

In places like Accra, Ghana, the cost of living is among the highest of any African country. But Bitcoin can take the trust factor out of money from the hands of nefarious governments and broken monetary policies, which are driving inflation and the high cost of living across Africa.

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