Brazil displaces Nigeria on interest in Bitcoin, as Nigerian populace shifts to USDT

Brazil displaces Africa’s largest economy on interest in Bitcoin. the current top spot is El Salvador, while Brazil takes the second spot and Nigeria is in the third place based on data from Google Trends.

Interest in Bitcoin is growing in Latin America’s most populous country and has been amplified with Brazil’s largest private bank, Itau Unibanco, entry into the cryptocurrency space.

The lender initially offered crypto trading services that trade Bitcoin and Ether, iItaú Unibanco’s expansion into the digital asset space is based on recent developments in cryptocurrency regulation in the Latin American country.