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Crypto users in Africa grew by 2,500% in 2021: report -Breaking

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© Reuters.

In spite of socio-economic obstacles and headwinds, cryptocurrency adoption is increasing in Africa. Positive ReportKuCoin, a cryptocurrency exchange, shows crypto transactions increased up to 2,670% by 2022.

This is an astonishing trend in growth. The steep increase is due to low volumes that were observed previously. Global volumes are 2.8% higher than the amount of crypto transactions made in Africa.

Global crypto transactions in a span of ninety days. Subsaharan Africa comes in second. Source: UsefulTulips
Merchant who is open to accepting West Africa. Source: Cointelegraph