Research: 67% of Nigerians Have More Trust in Bitcoin for Storing Life Savings Compared to Conventional Methods

Elastos, a company specializing in Web3 infrastructure, recently published a comprehensive report that reveals the widespread utilization of Bitcoin in people’s daily lives, regardless of its current valuation. The research findings indicate that Nigeria and the United Arab Emirates (UAE) have emerged as the leading countries in terms of Bitcoin usage for daily transactions, surpassing Germany and the United Kingdom (UK). According to a statement released by the company, approximately 20% of respondents from Nigeria reported using Bitcoin for transactions on a daily basis.