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Weekly News Roundup: Big Brother Naija Features Bitcoin, P2P Volumes Moon

Weekly News Roundup: Big Brother Naija Features Bitcoin, P2P Volumes Moon
In  Bitcoin Africa’s Weekly News Roundup , we look at the most trending blockchain and cryptocurrency stories from Africa this week. 
Here are our top picks!
Major Reality TV Show – Big Brother Naija Features Bitcoin
Over the last week, the biggest reality TV show in Nigeria, Big Brother Naija, featured bitcoin. The reality TV show featured cryptocurrencies in an in-house quiz segment.
During the segment, housemates of the show had to answer questions like ”what is a bitcoin wallet? How is the price of bitcoin determined” and activities like drawing to depict a bitcoin wallet for housemates to identify.

The quiz was sponsored by Particia , a cryptocurrency exchange known for enabling trades with gift cards. Patricia operates in Ghana and Nigeria, with offices in both countries and the UK and the US.
BitMinutes Makes Buying Crypto Easier in Nigeria 
BitMinutes has built a Trusted Agent Network (TAN) of merchants that accept BitMinutes in Nigeria for goods and services over the past two years. Further, these agents exchange BitMinutes for Naira (NGN).

According to the platform, there over 1,300 agents providing services for over 7,000 people. To make it easier for more people to purchase bitcoin, BitMinutes will now allow users to purchase BTC (denominated in USD) in Nigeria.
In a press statement, Tom Meredith, CEO, BitMinutes, said:
“The Nigerian BitMinute is a stable coin that can be used as a currency in Nigeria. We believe adding this feature will further solidify our foothold in Nigeria, and further position to expanding our existing operations in other countries on the continent, such as Kenya.”
P2P Volumes Reach Highest Since Jan 2018
Globally, P2P volumes reached the highest volumes since January 2018. However, Africa broke its own highest volume record earlier this year. The increase in global volumes has partly been because of increasing interest in bitcoin, especially in places like Nigeria.
The West African nation leads the continent in P2P trade volumes. Nigeria is responsible for 50% of the weekly volume on LocalBitcoins and Paxful . Kenya has been growing rapidly recently, recording over $3.5 million in weekly volume.
Ghana and South Africa close the top four list, with a little over $2 million in weekly volumes each.
On the crypto markets, sentiments continue to remain bullish. Chainlink broke into the top 5 cryptocurrencies by market cap while Ethereum passed $400. On the other hand, bitcoin continues to test 12,000, trading right under that price point.
The post Weekly News Roundup: Big Brother Naija Features Bitcoin, P2P Volumes Moon appeared first on BitcoinAfrica.io .

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