{
  "id": 10460562,
  "title": "Apexpay rides Nigeria’s crypto boom to make crypto spendable",
  "url": "https://urgent.news/2026/09/28/apexpay-rides-nigerias-crypto-boom-to-make-crypto-spendable",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T14:02:07.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/28/apexpay-rides-nigerias-crypto-boom-to-make-crypto-spendable/"
  },
  "original_language": "en",
  "account": "Nigeria has consistently ranked among the top countries in global cryptocurrency adoption. According to Chainalysis' 2026 Global Crypto Adoption Index released on September 23, Nigeria secured the third position worldwide, just behind Brazil and the United States. In two key metrics - crypto transfers between individuals and crypto transfers across borders - Nigeria emerged as the top performer globally.\n\nDespite a challenging year for cryptocurrency prices, with a 50% decline in the total value of all cryptocurrencies to approximately $9.4 trillion from $9.5 trillion in the previous year, crypto activity globally remained resilient, decreasing by only 1.6%. This resilience indicates that many people continue to utilize cryptocurrencies for payments and savings rather than just trading.\n\nIn Nigeria, the majority of crypto activity now revolves around stablecoins, which are cryptocurrencies pegged to the US dollar, such as USDT and USDC. The value of crypto sent between personal wallets within Nigeria surged by 302.9% to $228.7 billion, while stablecoin transfers across borders grew by 77.5% to $220.3 billion, with an average transfer size of about $3,000.\n\nThese transfers are often linked to everyday needs such as paying for goods, sending money home, paying suppliers, and saving. For Nigerians, the primary reasons include freelancers receiving payments in USDT from clients abroad, importers paying overseas suppliers using crypto, families receiving remittances from relatives overseas, and individuals holding dollar-pegged cryptocurrencies to protect against the weakening naira.\n\nCurrently, P2P (peer-to-peer) trading is the predominant method for converting crypto to naira. However, Apexpay, a new platform, simplifies this process by allowing users to sell crypto directly to the platform at competitive rates, with funds transferred to their wallet within minutes. Apexpay supports 12 cryptocurrencies, including Bitcoin, Ethereum, USDT, USDC, and several others, enabling users to sell Bitcoin or stablecoins and receive payments in naira, cedis, or USDT.\n\nThe latest version of the Apexpay app, version 2.0, introduces instant transactions, separate wallets for naira and cedis, enhanced security measures, and round-the-clock customer support. With over 700,000 downloads on Google Play and the App Store, Apexpay serves users across Nigeria and Ghana. To start selling crypto on the platform, users simply need to download the app, create an account, and select the cryptocurrency they wish to sell.",
  "summary": "Nigeria has sat near the top of global crypto rankings for years. This year, it moved to the front on the measure that says the most about how people actually use digital assets. Nigeria now leads the world in P2P crypto trading Blockchain analytics firm Chainalysis released its 2026 Global Crypto Adoption Index on 23 […] The post Apexpay rides Nigeria’s crypto boom to make crypto spendable…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}