So far, only a small portion of the population represents crypto adoption in Africa. If this trend continues, Africa is poised to be the next frontier of cryptocurrency adoption. Comparing the number of cryptocurrency owners against the country’s entire population across leading markets on the continent reveals that only 8.52 per cent of Kenya’s population is actively involved in crypto trading. South Africa, Nigeria, and Ghana follow closely at 7.11, 6.31, and 3.01 per cent, respectively. Consequently, many people remain curious to know how the crypto industry has transformed the payment landscape in Africa and the factors that have influenced the growth of crypto trading across Africa, even ahead of leading global markets.
In Africa alone, millions of crypto traders have lost their hard-earned money. Its ripple effect has caused Africa's crypto adoption rate to regress...
Bitcoin is trading just above US$20000 (US$20971.10 at the time of writing), the Luna blockchain is gone, and the general market is in dire times with very few coins and tokens in positive territory on a 12-month basis.