ONLINE Africa’s crypto market has grown in the last year 1 month ago Iwo Bulski Post Views: 59 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 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 GAMES ONLINE Pragmatic Play’s new slot ‘Day of Dead’ 7 hours ago Samuel ONLINE WORLD NEWS Kiron Interactive goes live with Parimatch 3 days ago Szarlot GAMES ONLINE Yggdrasil releases new online slot Savana Roar 3 days ago Iwo Bulski HOT NEWS KENYA ONLINE $1bn Digital Transformation Project Key to Africa’s Online Gaming Industry 3 days ago Adeleye Awakan ONLINE SOUTH AFRICA The Rise of iGaming in Africa 4 days ago Iwo Bulski ONLINE WORLD NEWS Pronet Gaming adds proprietary Popular Bets & Events module to its platform 5 days ago Szarlot ONLINE WORLD NEWS TVBET has got a record number of nominations for it at SBC Awards 2021 5 days ago Szarlot GAMES ONLINE Sizzling Bells Hold the Jackpot by Wazdan 6 days ago Szarlot ONLINE It is only month for SBEA & SBWA 6 days ago Iwo Bulski NIGERIA ONLINE Africa may become the new gaming hub 6 days ago Iwo Bulski NIGERIA ONLINE Nigerian payment space, one of the most dynamic in the world 1 week ago Szarlot ONLINE WORLD NEWS Greentube partners with Novoline in Germany 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.