P2P Crypto trading skyrockets in Africa

Over the past six months, Africa has emerged as the most expanding area of P2P Bitcoin.

Photo by André François McKenzie

Africa has seen the fastest increase in P2P Bitcoin’s trade volume over the last six months. Countries on the continent are expanding by up to 30% throughout the period, according to analytical statistics.

• By contrast, over the same period, North America witnessed an 18% decrease; while Australasia saw a 20% decrease.
• In May, there was a trade volume of 17 million dollars in Sub-Saharan Africa — rising almost 50% from the same month last year. However, the statistics in North African nations were much lower and fewer than US$1 million were exchanged throughout the time.
• On the Sunday, Tanzanian President Samia Suluhu Hassan spoke urging the Central Bank of Tanzania to prepare for the global economy in which digital monetary systems play an increasingly important role. The declaration that Nigeria can start a digital central bank currency by the end of 2021 followed.

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