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❕NEWS Africa’s Crypto Market Saw More than 1,200% Massively Growth Since 2020

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SCAMEXPOSER

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Africa is not really doing bad in cryptocurrency transactions as according to a report from Digital analytics firm Chainalysis, the cryptocurrency market in Africa has experienced massive growth of 1,200% between July 2020 and June 2021. Africa currently has a larger share of overall retail transaction volume compared to the global average. Kenya, South Africa, Nigeria and Tanzania recorded high crypto adoption in Africa. Crypto P2P platforms could be the driving factor for the massive growth. I think what we need now is getting more cryptocurrency technology advancement in our region.
 
The growth of cryptocurrency in Africa is not a surprising thing because there are a lot of economic instability and inflation. Many of us see cryptocurrency as the solution for inflation.
 
The growth of cryptocurrency in Africa is not a surprising thing because there are a lot of economic instability and inflation. Many of us see cryptocurrency as the solution for inflation.
You're absolutely right because lots of people now prefer to keep their money into cryptocurrency as an hedge over inflation and it is perfectly working for them.
 
You're absolutely right because lots of people now prefer to keep their money into cryptocurrency as an hedge over inflation and it is perfectly working for them.
I'm one of such people though, because inflation is much and I cannot watch my money reducing value. Definitely, cryptocurrency has lots of advantages.
 
The growth of cryptocurrency in Africa is not a surprising thing because there are a lot of economic instability and inflation. Many of us see cryptocurrency as the solution for inflation.
Well stated with high inflation I think we need what will help to ease this problem and the aid or use of crypto currency is helping us. So why not continue it's usage.
 
the growth of cryptocurrency in Africa is really amazing ,I think more percentage increase could be recorded ,if the government probably encourage the growth of cryptocurrency in Africa ,I like this development ,I really want it to continue , cryptocurrency have that potential no doubt ,they need to know the importance it entails too I think
 
Africa is not really doing bad in cryptocurrency transactions as according to a report from Digital analytics firm Chainalysis, the cryptocurrency market in Africa has experienced massive growth of 1,200% between July 2020 and June 2021. Africa currently has a larger share of overall retail transaction volume compared to the global average. Kenya, South Africa, Nigeria and Tanzania recorded high crypto adoption in Africa. Crypto P2P platforms could be the driving factor for the massive growth. I think what we need now is getting more cryptocurrency technology advancement in our region.
For real? This is so massive. Africans tend to accept this new monetary policy. I'm from Africa and I'm proud of this. Also, Nigerians are trying their possible best to be conversant with cryptocurrency. We are ready to learn but the government is giving us hard time. Even at that, were still doing good in the crypto currency space.
 
That is so awesome to see such a massive increase in cryptocurrency transactions in Africa. I am so happy to see my country Kenya being among the top users of these cryptocurrencies. I agree with you that the availability of the P2P exchange platforms has made is so convenient for people to transact cryptocurrencies. It has also given people a good investment options.
 
Obviously the young Africans have discovered that they need to liberate then and accept cryptocurrency innovations which is currently trending heavily and making life more comfortable for people that knows the opportunities in them and seriously exploring them to the best of their knowledge. The percentage growth is indeed massive.
 
The bumber of people who are getting very much interested in this part of the world is increasing on daily basis.

There are a lot of people who are cryptocurrency enthusiasts in this part of the world and they have good knowledge about it.

Many of us buy cryptocurrency on different exchanges like binance and a lot of others on daily basis.

Another thing that made this figure is that we store our asset in cryptocurrency to beat inflation.
 
Wow, at least it's nice Africans are taking part and contributing to the development of crypto currencies. I honestly never thought that Africans could participate in carrying out crypto currencies transactions. Especially since one of the most populated country in Africa , Nigeria refused to accept crypto currencies and even placed a ban on crypto currencies.
 
Wow, at least it's nice Africans are taking part and contributing to the development of crypto currencies. I honestly never thought that Africans could participate in carrying out crypto currencies transactions. Especially since one of the most populated country in Africa , Nigeria refused to accept crypto currencies and even placed a ban on crypto currencies.
Africans are really ready to participate in cryptocurrency development ,I think the main worry is the government ,which haven't been placing good interest to see cryptocurrency improve , the government needs to put all modalities that wouly improve cryptocurrency overall
 
Africans are really ready to participate in cryptocurrency development ,I think the main worry is the government ,which haven't been placing good interest to see cryptocurrency improve , the government needs to put all modalities that wouly improve cryptocurrency overall
The rate of cryptocurrency transaction in this part of the world is very high and so many of us are actually looking for opportunities to make money and escape inflation.

Inflation is one of the major reasons so many Africans are looking the way of cryptocurrencies.

The main reason the government is against cryptocurrency is because they think it is affecting the economy. If regulations are not put in place, it will actually affect the local currency.
 
Africans are really ready to participate in cryptocurrency development ,I think the main worry is the government ,which haven't been placing good interest to see cryptocurrency improve , the government needs to put all modalities that wouly improve cryptocurrency overall
There is also great need of education on cryptocurrencies.The African continent people do not readily accept new technology like other continents because our technological knowledge is average,some up to now don't even have access to internet itself let alone cryptocurrency.
I think crypto will revolutionize African economies and the world at large
 
There is also great need of education on cryptocurrencies.The African continent people do not readily accept new technology like other continents because our technological knowledge is average,some up to now don't even have access to internet itself let alone cryptocurrency.
I think crypto will revolutionize African economies and the world at large
yeah there is a great need to study cryptocurrency , because it's from the knowledge that we have studied that we would be able to place the right trades , cryptocurrency comes with great risk ,we should invest with caution and master mind how we carry out trades
 
For the Crypto markets to create a direct and full influence on the market the people have to understand that they need to maintain the patience and things will change with time you have to be aware that the market has been growing slowly so you can't take a big risk therefore you need to have patience ajd acceptance of the market at same time to succeed .
 
There is also great need of education on cryptocurrencies.The African continent people do not readily accept new technology like other continents because our technological knowledge is average,some up to now don't even have access to internet itself let alone cryptocurrency.
I think crypto will revolutionize African economies and the world at large
I don't know about other African countries but in Nigeria cryptocurrency is very popular and I believe it is one of the countries with the highest traders of cryptocurrency around the world.

Almost every youth in this part of the world have some knowledge about cryptocurrency and so many of them are holding it.

This is mostly common among the educated ones especially university students and a lot of others.
 
I don't know about other African countries but in Nigeria cryptocurrency is very popular and I believe it is one of the countries with the highest traders of cryptocurrency around the world.

Almost every youth in this part of the world have some knowledge about cryptocurrency and so many of them are holding it.

This is mostly common among the educated ones especially university students and a lot of others.
Mostly teens who stroll around the internet know crypto,probably and some adults but some only know to read about it,but to know what it really is,how it operates and how to invest-this is what most people don't know.But irregardless of all I said I think crypto knowledge is penetrating Africa at a fast pace
 
I don't know about other African countries but in Nigeria cryptocurrency is very popular and I believe it is one of the countries with the highest traders of cryptocurrency around the world.

Almost every youth in this part of the world have some knowledge about cryptocurrency and so many of them are holding it.

This is mostly common among the educated ones especially university students and a lot of others.
Mostly teens who stroll around the internet know crypto,probably and some adults but some only know to read about it,but to know what it really is,how it operates and how to invest-this is what most people don't know.But irregardless of all I said I think crypto knowledge is penetrating Africa at a fast pace
 
Definitely the Crypto is expanding at a great pace in the markets of africa and the lead role played by Africa is significant , it is a good thing since people can store their money safely if they are expert enough if they are professional traders and can make money from the market which is good and adds to the portfolio value for the traders .
 

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