In just the first 17 days of the new year, the Ghanaian currency reportedly depreciated by 12.7%, making it the second worst-performing among Sub-Saharan Africa’s top 15 currencies. While one U.S. dol...
Tag: subSaharan
Crypto Adoption in Sub-Saharan Africa Largely Driven by Retail and P2P Activities
While institutional traders are not prevalent in Sub-Saharan Africa, the region is known to have the highest number of small retail transactions globally. Part of the driving force for cryptocurrency ...
Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has ‘Some of the Most Well-Developed Cryptocurrency Markets of Any Region’ — Report – Africa Bitcoin News
According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryp...
Crypto Is Quietly Thriving in Sub-Saharan Africa: Chainalysis Report
“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 ...
Crypto Adoption in Sub-Saharan Africa Rises, Study Shows
Crypto usage in Sub-Saharan Africa is becoming mainstream rather than speculation, according to a report by blockchain analytic firm Chainalysis. The report dubbed “How Cryptocurrency Meets Residents’...
Crypto’s utility driving adoption in Sub-saharan Africa – Chainalysis
Sub-saharan Africa recorded $100.6 billion worth of crypto transactions on-chain between July 2021 and June 2022, according to a Chainalysis report. While it represented a growth of 16% year-over-year...