This is just one aspect of crypto adoption that is not growing rapidly in Africa. We rely more on P2p trading. Merchants are not openly receiving crypto as payments.
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This is just one aspect of crypto adoption that is not growing rapidly in Africa. We rely more on P2p trading. Merchants are not openly receiving crypto as payments.
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That's the only way we survive here as our leaders seem to be archaic and not appreciate new technology.
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I dont think it is too wide spread. The US doesnt have much either, nor does Canada I believe.
It will take time. I think the other areas like lending and collateralization are far more important. That will take off quicker.
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For a nation like Nigeria, P2P is essentially the only way to use crypto at the moment. Things may be better for crypto in a nation like the Central African Republic which became the 2nd nation after El Salvador to adopt Bitcoin as legal tender crypto.
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Here they started to accept them in some places as an alternative way to overcome the crisis the country was going through. At that time, there was a shortage of local cash and a lot of government controls. I guess it was the perfect scenario for cryptos to enter the scene.
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