Black_background_logo_BitcoinWorld-removebg-preview
Bitcoin News

Big Brother Nigeria Version Housemates Participate In Bitcoin Quiz, Earn Reward

Big brother (Courtesy: Twitter)

The Nigeria version of Big Brother saw all the eighteen housemates participating in Bitcoin quiz contest. The segment was carried out last week to test the participant’s knowledge about cryptocurrencies.

The task saw the housemates tell the audience some of the use cases for bitcoin such as airtime top-up and online payments. Additionally, housemates had to participate in a challenge to create original radio jingles.

“housemates had to answer questions like what is a bitcoin wallet? or how is the price of bitcoin determined?” Housemates had to name the top five leading cryptocurrencies as well. Finally, the housemates were made to draw sketches that “depict a bitcoin wallet,” according to a media report.

BBN’s excursion into cryptocurrency in partnership with Patricia, represents an important step in Nigerian efforts to increase awareness.

The country is already Africa’s single biggest cryptocurrency market whose traded volumes dwarfs that of the nearest rival. As data from peer to peer trading platforms shows, Africa’s most populous country accounts for more than 50% of traded volumes.

Meanwhile, some observers in Nigeria believe the use of BBN, the biggest reality TV show in Nigeria, to woo new users is a masterstroke. Senator Ihenyen, a lawyer and General Secretary with the Stakeholders in the Blockchain Technology Association of Nigeria (SIBAN), is one of those who share this belief.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.