Simultaneously, Africa happens to be the fastest growing crypto markets, while also being the smallest. This is thanks to the sporadic use of digital currencies on the continent. For example, of the 46 Sub-Saharan African countries, Kenya, Nigeria, and South Africa record a substantial amount of the entire crypto transactions in the region.
The use of cryptocurrency in Africa continues to be a heated subject for debate.
As a result, the use of cryptocurrency is still a huge bone of contention within many markets in the region. The recent crash of FTX has rekindled the conversation surrounding government regulations on cryptocurrency, and the general public has become more weary of exchanging their traditional currency for a virtual one.
