“We don’t have big, institutional-level traders in Sub-Saharan Africa,” Adedeji Owonibi, founder of Nigeria-based blockchain consulting company and product studio Convexity, said in an interview with Chainalysis. “The people driving the market here are retail. Nigeria has a ton of highly educated young graduates with high unemployment rates, no jobs available – crypto to them is a rescue. It’s a way to feed their family.”
Source: https://www.coindesk.com/business/2022/09/29/crypto-is-quietly-thriving-in-sub-saharan-africa-chainalysis-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines