It said in a statement in Lagos that this was revealed in its “State of Web3.0 in Africa” report unveiled on Friday.
Blockchain Technology is defined as a decentralised record of transactions that are stored on a huge number of computers across the internet. EMURGO Africa said that the report showed that Nigeria’s position emphasised its role in propelling financial inclusion and nurturing innovation in the digital currency sector in West Africa.“With compelling statistics, it heralds Africa’s burgeoning presence within the global blockchain arena,” it said.
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