Cryptocurrency and the Nigerian Economy

Abstract

 In this paper, we discuss the impact of cryptocurrency on some selected sectors of the Nigerian economy. The cultural presence and persistent market of bitcoin’s prompt researchers and policymakers to ask questions on how cryptocurrencies would impact on the economy, most especially on the monetary policy. There has been debate whether it would positively and/or negatively affect the economy. We give our opinion on how cryptocurrencies might impact on some selected sectors of an economy, most especially in the case of Nigeria.