Are we edging closer to mass adoption?

The first half of 2020 cryptocurrency exchanges across the Continent of Africa have seen an increase of 122% in comparison with other years. This exponential growth has been a catalyst in driving some of the continent's biggest economies to start developing and modernizing legislation. 

The recent decisions represent an overturn of previous years, where countries such as Nigeria and South Africa labelled cryptos as "investigation subjects" rather than investment possibilities.  With the economic crisis due to the pandemic, Nigeria is adopting crypto as a valuable option for entrepreneurs and investors facing the constant devaluation of its local currency, the Naira.  

In South Africa, the number of acquisitions and investments in local Cryptocurrency companies has increased overnight, creating a boom in the local scene, as the country is one of the continent's hubs.  

With more examples across the continent, it is no secret that the future of crypto passes through Africa. 

User Avatar
WRITTEN BY

CryptoParrot

Crypto Parrot Community Mgr - Here to help answer questions, fix things & help out when needed. Got feedback? Send those bad boys here: [email protected]

Related articles

Is BTC Heading for $11k or Beyond?

BTC’s price shoots up by $300 as Square buys $50million in bitcoin.…

2mins 8 Oct, 2020 CryptoParrot
The Secret for a record breaking BTC

Are we seeing a $20,000 Bitcoin price before the end of the year? …

2mins 1 Oct, 2020 CryptoParrot
Twitter and Bitcoin: A match made in crypto heaven? 

Can Twitter become part of the blockchain revolution and play its part in revolutionizing social media security?…

2mins 29 Sep, 2020 CryptoParrot
BTC Whales and Bulls on the move

After what some traders might consider a lackluster week, Bitcoin has made the headlines,.…

2mins 25 Sep, 2020 CryptoParrot
Start trading

Trade and invest in cryptocurrencies, stocks, ETFs, currencies, indices and commodities or copy leading investors on eToro's disruptive trading platform.

Learn more

Disclaimer

Comments

Login to comment