Bitcoin ATMs have increased in popularity around the globe because of the easier options they provide to consumers in buying or selling bitcoin.
Recent data shows that Africa's biggest economy, Nigeria, is leading other African countries in cryptocurrency usage.
The Bitcoin has dropped to a 12-month low, although it is still up 26% Year-to-date.
Bitcoin made further drastic losses sinking below $6,000 for the first time since May 2019 due to a coronavirus scare.
Bitcoin is characterised by booms (when the price goes up) and busts (when the price falls) that have been sources of major criticism.
The use of Bitcoin is rising in Nigeria despite the warnings given by the Nigerian Senate and the Central Bank of Nigeria (CBN) against it.
Cryptocurrency is no longer a part of our distant future but what is already part of our present.
Like most people, your eyes might have widened in amazement when you heard that there were over 2000 existing cryptocurrencies and counting in addition to Bitcoin.
It is important to be able to differentiate supposed cryptocurrencies from actual cryptocurrencies especially as a cryptocurrency investor.
Bitcoin is one of the biggest phenomena in the past decade as the emergence of the popular cryptocurrency has changed the financial landscape.