Sub-Saharan Africa flocks to crypto as inflation hedge
Sub-Saharan Africa is undergoing a noteworthy surge in crypto activity, having amassed $117.1 billion in transactions between July 2022 and June 2023. According to a Chainalysis report shared with crypto.news, this region contributed 2.3% of the global cryptocurrency transactions, marking the region’s most minimal market share. World regions per crypto transaction share | Source: Chainalysis However, this represents a noticeable growth in adoption. In the last report, Sub-Saharan Africa only accounted for 2% of global crypto transactions, with $100 billion in total transactions. The adoption of crypto currencies has persistently penetrated pivotal markets within the region. You might also like: Chainalysis reports on crypto adoption in Sub-Saharan Africa Nigeria stands at the forefront, securing the second position on the Global Crypto Adoption Index, up from 11th last year. Additionally, Kenya, Ghana, and South Africa demonstrate resolute crypto adoption, with 21s...