World crypto adoption

More than 1/3 of Africa’s 53 Million Crypto Owners are from Nigeria

An ecosystem is described as a “complex group of creatures whose habitat works as one entire ecological unit” in the Merriam-Webster dictionary. The Bitcoin ecosystem is a young but promising network of peer-to-peer and traditional Bitcoin exchange platforms, community educators, investors, core developers, entrepreneurs, and enthusiasts who are all working together to create an African…

World crypto adoption

Africa’s Cryptocurrency Market Grows by Over $100 Billion in One Year

In Africa and other developing nations, cryptocurrency use has increased. That is in line with a policy brief that UNCTAD, a United Nations organization, recently published. The populations of South Africa (7.1%), Kenya (8.5%), and Nigeria (6.3%) use these digital currencies in significant numbers. Bitcoin became legal tender in the Central African Republic in June….

World crypto adoption

Africa: UN Trade Body Calls for Halting Cryptocurrency Rise in Developing Countries

In three policy briefs released on, UNCTAD, the UN agency for trade and development, urged action to prevent the use of cryptocurrencies in developing countries. Private digital currencies have benefited certain people and organizations. The hazards they represent to monetary system security, domestic resource mobilization, and financial stability outweigh whatever benefits they may have for…