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The rise of crypto adoption in Africa - International Finance
WebJun 17, 2024 · The rapid rise in crypto-trade in South Africa—and rising fraud cases where ransom is demanded in cryptocurrency —appears to be motivating the country to … Source: “The 2024 Geography of Cryptocurrency Report,” Chainalysis, 2024. Importantly, access to these digital currencies is providing an alternative to both traditional intra-regional transfer payments and international remittance systems, as transferring funds via cryptocurrencies circumvents paying … See more Source: “The 2024 Geography of Cryptocurrency Report,” Chainalysis, 2024. Chainalysis finds that the largest crypto channel … See more Source: “The 2024 Geography of Cryptocurrency Report,” Chainalysis, 2024. Chainalysis speculates the simplification and … See more WebFeb 19, 2024 · Africa received $105.6 billion worth of cryptocurrency between July 2024 and June 2024. In addition, the continent witnessed over 1200% growth in the previous year. While other continents ranked higher in adoption ratings, Africa was home to some of the highest grassroots adoptions in the world. Source: Chainalysis. schwab live ticker