THE GROWING ADOPTION OF CRYPTOCURRENCIES IN AFRICA: ENABLING FACTORS AND BENEFITS

1. Telecommunication

2. The Covid-19 Lockdown

3. Remittance

4. DeFi offers Banking Services to the Unbanked

5. Cryptocurrencies serve as Store of Value against Inflation

6. Fast International Transactions

All these are some of the reasons why Africans grew by over 1200% in cryptocurrency market size in the space of 1 year. This is despite obvious shortcomings in institutional structures and governance.

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AFRIDEX Techlabs Ltd

AFRIDEX Techlabs Ltd

A Defi Blockchain Company, using decentralized solutions to revolutionize finance in Africa.