On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Statista has found that one-in-three Nigerians held or used crypto assets during 2020.
Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020.
According to the survey, the pre-existing prevalence of mobile phone based peer-to-peer payments has led many Nigerians to explore cryptocurrency. Statista noted that many Nigeria responded they had recently installed crypto payment applications on their devices.
The findings also note that many Nigerians are exploring crypto assets for international remittances.
Adoption in the country shows no signs of slowing, with demand for crypto assets booming among Africa’s largest population despite the Central Bank of Nigeria enacting a ban on banks providing financial services to crypto exchanges in the past fortnight. On Feb. 17, Cointelegraph reported that BTC was trading at a 36% premium in Nigeria.
According to Google Trends, Nigeria also dominates search traffic for the keyword “Bitcoin”.
Crypto adoption is also strengthening in South-East Asia, with 21% of Vietnamese and 20% of Filipino participants responding they had used crypto last year. As in Nigeria, Statista attributes much of the Vietnamese and Filipino demand for crypto to remittances.
Notably, Vietnam ranks second by adoption despite its central bank refusing to recognize crypto assets as a legitimate means of payment. In May 2020, Vietnam’s government established a research group tasked with developing and scrutinizing policy proposals concerning digital currencies, suggesting the nation may soften its stance at some point in the future.
Turkey and Peru were found to be the third and fourth-ranked nations for adoption, with 16% of respondents from each country directly engaging with crypto last year. Switzerland ranks fifth with 11%.
The findings were based on Statista’s Global Consumer Survey, which queried respondents based in 74 countries.
Despite its highly permissive crypto regulations, Japanese respondents ranked as the lowest worldwide for digital asset adoption — tying with Denmark with just 4%.
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