Bitcoin rushed onto the global arena in 2013 and established itself as a reliable means of value storage and settlement since then. The asset has outpaced every asset in existence in terms of value accumulation and appreciation in the last decade and has even beaten gold and commodities like oil and gas. The result is the high demand for the asset on the open market and the desire of millions of people to benefit from its exuberant price volatility. With these factors in mind, an abundance of services has emerged that allow users to buy, sell and exchange Bitcoin and other cryptocurrencies with ease and at good prices.
People in Africa are largely unbanked and do not have access to traditional banking and financial services. This fact has led to the emergence of multiple alternative financial services that are leveraging the high rate of cryptocurrency adoption in the country and the spread of Internet and communication technologies even on the rural level. With such accessibility, average people from Nigerian rural regions can access financial services and take advantage of the benefits offered by the spread and adoption of cryptocurrencies.
One of the most popular services used for buying Bitcoin and other cryptocurrencies is the Skrill gateway. The given service allows users to buy Bitcoins with Skrill hassle-free and at affordable commissions. If considered in greater detail, Skrill is just a digital wallet like the hundreds of others on the market. However, it has been operating since 2001 very successfully and provides a wide variety of digital and online payment services, including money transfers both inside the country and abroad.
Skrill is global and is available in 131 countries around the world. The wallet supports 40 fiat currencies, including Naira and can be extremely useful for Nigerians for several reasons, such as:
- Skrill can be used as a mobile application;
- The wallet is safe and reliable;
- The interface is convenient and uncluttered;
- The wallet supports cryptocurrency purchases.
Users willing to make use of Skrill can connect it as a gateway to their cryptocurrency exchange of choice and top up their wallet balances to then purchase Bitcoin and other digital assets. Such connectivity makes Skrill ideal for users of exchanges that are popular in Nigeria and abroad.