Luno launches Nigeria’s first crypto staking
- Luno launches Nigeria's first crypto staking platform, enabling users to earn up to 18% annually.
- The staking service is flexible with no lock-up periods or minimums, appealing to Nigerian investors.
- Over $59 billion has been transacted in Nigeria's crypto scene between mid-2023 and 2024.
The advancements in Nigeria's fintech landscape, particularly with Luno's staking and Visa's data center, indicate a significant shift towards more secure and innovative financial solutions. However, the volatility of cryptocurrencies remains a concern for investors, and further regulatory clarity will be essential for sustainable growth.
