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.
Kenya’s proposed 1.5% crypto transaction tax could disrupt Africa’s digital integration. As Kenya advances a 1.5% tax on every crypto transaction, the nation risks undermining its fintech leadership, driving startups and talent abroad.
The platform allows investors in Africa to access global real estate and stock markets through tokenized fractional shares using stablecoins.
While regulators in Europe and the US debate crypto’s future, young Africans are already using blockchain to solve pressing challenges from unstable currencies to internet access.
Blockchain.com is opening a Nigerian office as part of its expansion into African markets showing regulatory progress.
The Hedera Africa Hackathon 2025 will bring together over 10,000 people across more than 20 cities with $1 million in prizes to support blockchain ideas in Africa.
With Ethiopia supporting Bitcoin mining at the state level, the crypto sector in Africa is entering a new chapter, with private players joining in.
Cointelegraph partners with TheBlock. to boost tokenization, compliance and real-world asset adoption in the MENA region through joint events and coverage.
The USDC issuer expands further into Africa, joining forces with Onafriq to pilot stablecoin settlements across 40 countries and 200 million bank accounts.
Phoenix Group added 52 megawatts to its Ethiopian Bitcoin mining operations, raising its total there to 132 megawatts, with a reported over 500 megawatts worldwide.
Farmers are increasingly turning to stablecoins to facilitate cross-border payments, streamline operations, and gain access to global markets.
Crypto companies have spent years pushing digital wallets and exchange apps. Cash-based crypto solutions could unlock financial inclusion for overlooked billions of cash-reliant people in developing economies.
Boutique market makers offer tailored liquidity solutions that address local challenges and provide stable financial access, while bridging liquidity gaps in emerging markets.
Ripple has partnered with Chipper Cash to integrate Ripple Payments into its cross-border transaction system.
Clear regulations and licensing structures in African markets, especially in South Africa, are driving crypto adoption, solving some of the legacy financial challenges.
As Nigeria grapples with economic challenges, the government is set to introduce a tax on cryptocurrency transactions. This move appears to be an effort to tap into the burgeoning digital economy and the informal sector.
