Nigeria is one of those countries that had remained in the list of countries in Africa when it comes to adoption of cryptocurrency adoption. It is a kind of country where many locals are interested to see the government forming friendly policies when it comes to traders and holders of cryptocurrencies. However, now it looks like the country is lagging behind when it comes to adoption of cryptocurrencies, according to a new study which is conducted by Chainalysis. According to the sources, this is due to metrics and overall low utilisation of cryptocurrencies when it comes to retail stores and other kind of businesses. This is the kind of method used by the researchers in order to determine the overall usage of cryptocurrencies and their relationship with adoption of cryptocurrencies in the regions.