A crypto renaissance in Africa: The Bitcoin Revolution on Amazon Prime

Transaction volumes higher than expected

It deserves a documentary

A virtual currency and several blockchain projects for the continent

Banking on Africa, The Bitcoin Revolution

Transaction volumes higher than expected

The week after Bitcoin’s halving was one of the explosive records in terms of trading volumes on peer-to-peer platforms around the world. Let’s talk about what’s happening in Africa. It’s more than incredible because research volumes for Bitcoin are exploding on the African continent. The specific reasons for focusing on the number one cryptos vary from nation to nation, but what is certain is that Nigeria, South Africa and Kenya are in the forefront.

Subsaharan Africa Historical Volume

It deserves a documentary

Arcane Research and Luno recently published a report that revealed that Uganda, Nigeria, South Africa, Ghana and Kenya are frequently among the top 10 countries for which Google searches for the word “Bitcoin”. The report, entitled “The state of Crypto: Africa” for the year 2020, also noted that Africa is a continent where traditional financial services are struggling to develop under good conditions. 66% of people do not have access to a bank account.

A virtual currency and several blockchain projects for the continent

There are many projects in Africa based on Blockchain technology, such as the Blockchain Academy offering training on crypto-currency and Blockchain technology to local entrepreneurs, or the Blockchain and AI working group to explore the potential of these technologies in Kenyan utilities, or BitHub Africa providing consulting services to organizations interested in deploying Blockchain solutions in Africa.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Magna Numeris

Magna Numeris is a startup developing solutions for cryptocurrency users, pushing the boundaries of conventional platforms to help grow the peer-to-peer economy