Crypto users in Africa grew by 2,500% in 2021: report By Cointelegraph

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© Reuters.

Cryptocurrency adoption in Africa is on the march, despite socioeconomic factors and headwinds. A positive report by cryptocurrency exchange KuCoin shows that crypto transactions increased by up to 2,670% in 2022.

An astonishing growth trend, the steep influx relates to the low values that have been observed during previous periods. The number of crypto transactions in Africa constitutes roughly 2.8% of global volumes.

Worldwide crypto transactions over a 90 day period. Subsaharan Africa is second. Source: UsefulTulips
A merchant that accepting in West Africa. Source: Cointelegraph