Cryptocurrency adoption in Africa is rising, driven by economic challenges like inflation, unstable currencies, and limited banking access. Nigeria, Kenya, and South Africa lead, with Nigeria ranking second globally in crypto adoption. About 33% of Nigerians own crypto, using it for remittances, business payments, and as an inflation hedge. Stablecoins like USDT gain traction for cross-border transactions, bypassing high fees. Despite regulatory hurdles—some countries ban crypto, others like South Africa develop frameworks—growth persists. In 2024, Sub-Saharan Africa’s crypto market hit $125 billion, up $7.5 billion. Young Africans embrace crypto for financial inclusion, leveraging mobile tech to bridge economic gaps.
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