Africa is bullish on crypto! Despite socioeconomic factors and headwinds, a report by cryptocurrency exchange kucoincom shows that crypto transactions on the continent increased by 2,670% in 2021.
“Take a look at the way in which cars, mobile phones and consumer electronics took off on the continent. Africa is a continent where lightning-fast progression and adoption is common.”
Worldwide crypto transactions over a 90 day period. Sub-Saharan Africa is second. Source: UsefulTulips In particular, the report cites that “more than 88.5% of cryptocurrency transactions made by Africans are cross-border transfers.” Low fees mean that “users pay less than 0.01% of the overall amount of the transaction transferred in cryptocurrencies.”
From high inflation levels and swelling smartphone penetration — effectively allowing anyone to become their own bank — Africa also has a young and digitally native population that is accustomed to digital currencies. Africa is a robust testing ground for the problems which cryptocurrencies attempt to solve.“That rate of growth can depend on both local policy-makers and separate officials’ stances on cryptocurrencies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Used Peugeot 108 Review - 2014-2021Read the definitive used Peugeot 108 2014 - 2021 review from What Car?. We tell you what you need to know before you buy.
Read more »
Body found on Cleveland apartment balcony Thursday confirmed as Warrensville Heights woman missing since July 202119 News has learned the body found Thursday on a Cleveland apartment balcony was identified as Audreona Barnes. The 19-year-old went missing in July 2021. May she rest in peace. 🕊♥
Read more »
Oscar Effects: A Closer Look at the 2021 'Visual Effects' Nominees | Digital TrendsEvery year, five films are nominated for an Academy Award in the Best Visual Effects category. The projects nominated each year offer a unique perspective on the visual effects artistry filmmakers use to take audiences to new worlds, turn back the clock, and make all manner of movie magic. In recognition of these five films — and one of our favorite Oscar categories — we’re putting the spotlight on one nominee in the Best Visual Effects category each day leading up to the 93rd Academy Awards on Sunday, April 25. We’ll take a closer look at what made them stand out through interviews with the artists responsible for each film’s most memorable visual effects elements.
Read more »
Saudi Aramco doubles its net profit in 2021, to $110 billionState oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to the Middle East’s largest economy as it seeks to...
Read more »
Our 12 Favorite Photography Books of 2021The list covers everything from skateboard culture and horror-film inspired food to NASA’s awe-inspiring objects used for space exploration. (From 2021)
Read more »
Why you shouldn't wait until April 30 to file your 2021 taxesGet them prepared early and with the guidance of professionals
Read more »