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Cryptocurrency Adoption in Africa 2019-2023

Posted on

June 26th, 2024

Africa's unbanked population has driven a continuous search for alternative financial service providers, with cryptocurrency emerging as the future of finance and transactions. Increasing recognition of cryptocurrencies by countries suggests their permanence, exemplified by El Salvador and the Central African Republic adopting Bitcoin as legal tender. The cryptocurrency market in Africa is projected to grow at an annual rate of 9.34%, with the total market volume expected to reach $653.1 million by 2028.

To know what the reception of cryptocurrency in Africa is currently like, download the report here

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