Peer-to-peer (P2P) cryptocurrency trading platforms are now the engine of growth as Africa pulls ahead of the rest of the world in grass-roots adoptions of virtual cash.
Retail-sized transfers make up a larger share of the continent’s cryptocurrency activity on the continent with P2P enabling the practical use of digital money.
In countries like Nigeria and Kenya, consumers have been documented buying commodities and services, as well as paying debts using digital currencies.
This remains a mirage in most of the Americas, Europe, and parts of Asia where cryptocurrency is still viewed as a highly speculative asset, or simply, the future of money.
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