The number of crypto users in Africa has grown by 2500% in one year
The number of digital asset transactions in some countries of the continent has increased by 2670%
22.03.2022 - 07:00
528
1 min
0
What’s new? The number of digital asset holders has increased by 2500% in one year, according to the KuCoin exchange. The number of crypto transactions in some countries in Africa has increased by 2670%.
The full version of the document
What other data does the report contain? Cross-border transfers have become the most popular method of dealing with cryptocurrencies. The fees on fiat transfers between countries and the high level of inflation in the continent as a whole have contributed to this.
Africa remains a region with little impact on the global economy. The continent’s share of the total volume of crypto transactions is 2,8%. Johnny Lyu, CEO of KuCoin, predicts further adoption of new technologies and their growth exponentially.
“Financial problems the region is experiencing are forcing people to look for new instruments and technologies that can give them some of the economic freedom they currently lack,” Lyu stressed.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024