News
Turkey’s $200 billion crypto market leads the MENA region, but has been fueled more by speculative activity than by sustainable adoption, according to Chainalysis.
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Africa News
Africa is the second largest continent in the world in terms of both territory and population. There are 55 states located on the continent. Economies in Africa differs from country to country. In Africa, cryptocurrency tends to be sold with a large trade margin which can even reach 100% due to several reasons. Firstly, Bitcoin in Africa is very difficult to mine because of the climate and lack of infrastructure. Also, cryptocurrency is in big demand in Africa as national currencies are vulnerable to hyperinflation. Besides that, since there are only a small number of virtual currency retailers they are able to set high prices. The relative financial stability of digital money and the opportunities for profit make cryptocurrencies very popular in Africa.
- News
Most crypto activity over the last year has been tied to practical use cases such as payments, remittances and preserving value in volatile economic conditions.
2623 - News
It’s estimated that over 3 million people in Ghana, representing roughly 8.9% of the country’s 34 million population, use crypto in some form.
3777 - News
Ripple has partnered with South Africa’s Absa Bank to provide digital asset custody services, expanding its institutional custody network across Africa.
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A new integration allows South Africans to spend Bitcoin, stablecoins and other crypto directly at more than 650,000 merchants nationwide.
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Uganda’s CBDC, a digitized version of the Ugandan shilling, has been deployed on a permissioned blockchain and backed by Ugandan treasury bonds.
5776 - Opinion
Africa stands at a crossroads: harness cryptocurrency’s $4-trillion potential for sovereignty and growth or risk financial instability and exclusion.
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In Nairobi and Lagos, stablecoins like USDT and USDC help people fight inflation, cut costly remittances and move money through mobile wallets such as M-Pesa.
5334 - Opinion
While crypto focuses on US and EU markets, real adoption is happening in Argentina, Nigeria and the Philippines, where digital assets solve survival needs.
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SC Ventures plans to launch a digital asset fund in 2026, with a focus on global digital asset investment opportunities.
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Africa has its first Bitcoin treasury company, but its utility goes far deeper than publicly-listed stocks tied to BTC holdings on a balance sheet.
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The region has growing institutional momentum and retail adoption, as the countries face economic challenges that could provide fertile ground for Web3.
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A mining ban went into effect in the African nation in April 2024, followed by Chinese officials warning residents not to “support or engage in virtual currency mining activities.”
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Nigeria’s SEC Director-General Emomotimi Agama said the country welcomes stablecoin firms, marking a shift toward supportive crypto policy.
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Gaming, daily purchases and travel bookings emerge as categories where Gen Z users strongly prefer cryptocurrency.
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