Nigerian Merchants Report Customers Prefer Cash Over Bitcoin Despite Payment Acceptance

A report from Nigeria indicates that while some businesses accept Bitcoin, customers largely continue to use cash or bank transfers for daily transactions. Local businessman Iwu noted that although some customers are curious about crypto payment options, only about 30% of his clientele actually complete purchases using digital assets. The findings highlight the ongoing challenge of transitioning Bitcoin from a store of value to a primary medium of exchange in African markets.