sub saharn African countries remain one of the lowest ranked countries in the world interms of crypto adoption.
subsaharan africa has the smallest crypto economy in the world account to about 2.3% of the global transactions.
What should crypto exchange companies do to creat awareness and improve the usage of digital currencies?
Well the answer lies in mobile money adoption.
Sub-Saharan Africa leads the world in regard to mobile money accounts, both for registered as well as active accounts. In 2022, around 47.69 percent of the registered accounts worldwide were traced back to the African region south of the Sahara. At 218 million, the number of active accounts in Sub-Saharan Africa was also higher than in the rest of the world. By the same year, there were 154 live services in the region, accounting for approximately 48.89 percent of the world's amount.
the exchange platform that can rapidly adopt buying, selling , and exchange of digital asset directly will see a tremendous growth in sub saharan africa because the majority of mobile money users can easly switch to digital assets if the switch is easy, convenient and cheap.
over to you #BinanceAfrica