ONLINE Africa’s crypto market has grown in the last year 1 year ago Iwo Bulski Post Views: 475 Tokenization of financial flows is vastly cheaper than building nations. On the back of it, the process itself can spur the growth of real assets. This is where some countries in Africa are finding themselves. Africa surveyed as the next crypto frontier Africa is the second-most-populous continent in the world, with around 1.3 billion people. Due to historic issues with colonialism, civil wars, and harsh terrains, African countries have suffered from infrastructure problems for a long time. This has made financial services less accessible, leading to around 57% of the population remaining unbanked. At the same time, underdeveloped infrastructure has made Africa a perfect vector for cryptocurrencies, which only require a smartphone to access blockchain networks. We had previously covered Africa’s most populous nation, Nigeria, as the vanguard of crypto adoption for the entire world. Thanks to the latest research by Chainalysis Insights, we can take a zoomed-out picture of Africa’s crypto adoption and its likely global impact. Image: Chainalysis Insights African wealth vs. crypto adoption rate According to the World Bank, the median GDP per capita in Sub-Saharan Africa is $1,483. Compared to the European Union, which has a GDP per capita at $33,927, this makes African wealth output 22X lower. Correspondingly, the Chainanalysis report found that Africa’s cryptocurrency market share is the smallest. In raw numbers, this translates to $105.6 billion worth of crypto assets between July 2020 and June 2021, accounting for 1,200% crypto value growth. Using this metric, Africa has topped peer-to-peer (P2P) payment platforms in terms of transaction volume across all regions (…) Read full article HERE About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: Africa crypto, blockchain, crypto Continue Reading Previous Pragmatic Play delivers regal adventure in starlight princessNext Wazdan expands Volatility Levels™ capabilities More Stories ONLINE SOUTH AFRICA Why some players play the crypto game 20 hours ago Szarlot ONLINE WORLD NEWS Pragmatic Play signs partnership with JK BET aiming for expand in Brazil 23 hours ago Iwo Bulski HOT NEWS ONLINE PlayTSOGO is new online betting operator on SA 2 days ago Iwo Bulski NIGERIA ONLINE Six African countries that ban cryptocurrency 2 days ago Szarlot GAMES ONLINE Star Candy from Greentube 3 days ago Szarlot KENYA ONLINE Africa is the fastest growing continent with a video gaming market 3 days ago Szarlot ONLINE WORLD NEWS Wazdan agrees a deal with SYNOT Interactive 7 days ago Iwo Bulski ONLINE Best Bitcoin casinos & bonuses 7 days ago Szarlot ONLINE SOUTH AFRICA Bitville Gaming South Africa Expands Its Product Bouquet through TVBET 1 week ago Iwo Bulski ONLINE WORLD NEWS America counting cost of illegal betting 1 week ago Iwo Bulski GHANA ONLINE The MGA hosts a delegation from Ghana discussing lottery regulations in Ghana 1 week ago Samuel NIGERIA ONLINE Benefits of gambling with minimal investment in Nigeria 1 week ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.