Twitter Founder to Manage Bitcoin Fee for Banks in Nigeria

Earlier today, Twitter founder Jack Dorsey tweeted that Nigeria will become a leader in the Bitcoin industry and will continue his intentions to support the Bitcoin rally in Africa. Its support follows the recent decision of the Central Bank of Nigeria to launch its own digital currency. Jack Dorsey Continues to Support Nigeria's Bitcoin Rally In a short but influential tweet, Jack Dorsey showed his confidence in Nigeria's efforts to lead the Bitcoin attack. He tweeted: “The people of Nigeria will lead Bitcoin.” The tweet came in response to an open letter written to Nigerian President Muhammadu Buhari by Russell Okung of the NFL, a Nigerian descendant and one of the biggest proponents of Bitcoin in the sports world. In his open letter, Okung urges the president and the Nigerian government to maintain economic freedom and financial sovereignty. He wrote: “I am writing to encourage the Nigerian government to maintain economic independence and financial sovereignty by following a national Bitcoin standard. Soon every country will face this decision, but as we saw in El Salvador, those who proactively seize the present will benefit future generations around the world. This isn't the first time Jack Dorsey has shown his support for the Bitcoin movement in an African country. Earlier this year, Dorsey, along with rapper Jay-Z, donated 500BTC to a new fundraiser to help develop Bitcoin. In Africa and India, Dorsey announced that the fund would be set up as a blind and irrevocable trust in which no investor could assume leadership. Nigeria Central Bank To Launch Its Own Digital Currency It has been a tough road for the Bitcoin movement in Nigeria. The country had the second largest Bitcoin transaction volume in the world until the Central Bank local decision.

Join the Discussion

  • BrokerEUR/USD
    LCG 0.3pips (variable) margin: 3.33%
    SpreadEX 0.6pips (variable) margin: 3.33%
  • Back to top