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by forum_ghost 1458 days ago
Nigeria, just one country, has 34 million crypto users. mpesa has 30.

34 > 30

is that much adoption?

1 comments

I'll assume that like me, you googled that. So, this is technically correct, but:

30 or 34 m users out of 206m isn't the whole market, not close.

Nigeria is an outlier, with low M-Pesa adoption as:

> The reason why this incredible product (M-Pesa) can’t be replicated in Nigeria with such success is perhaps due to what you and I as Nigerians enjoy today, the Nigerian Interbank Settlement System (NIBSS)

https://nairametrics.com/2017/09/26/why-the-m-pesa-miracle-h...

https://nibss-plc.com.ng/

https://www.crunchbase.com/organization/nigeria-inter-bank-s...

So to sum up, the huge Nigerian domestic market is covered by a SEPA-like product. It's not a bitcoin thing. Omitting that seems intentionally misleading.