How Popular is Cryptocurrency in Africa? - News Summed Up

How Popular is Cryptocurrency in Africa?


Across the globe, the popularity of cryptocurrencies has been steadily growing, and it might be somewhat surprising to learn that one of the countries showing the biggest growth is Africa. Infrastructure IssuesOne of the biggest problems for crypto in Africa has been the lack of infrastructure. In January 2021, the central bank of Nigeria instructed all banks in the country to veto any cryptocurrency transactions. The Public DecideHowever, the popularity and uptake of cryptocurrency both in Africa and across the world will ultimately be down to the public. Africa seems to be showing no sign of slowing down with its growth, and some say it will play a significant role in the future of cryptocurrency, so watch this space.


Source: Nigerian Tribune June 11, 2022 07:43 UTC



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