Sats & Gwei 12 | More Than a Third of Africa’s 53 Million Crypto Owners Are From Nigeria😮

Bankless Africa presents Sats & Gwei, a podcast for your weekly crypto news update from all around Africa!

Nigeria remains a leader in cryptocurrency adoption across African countries, with nearly half of all active users based there. The judiciary of the Central African Republic has moved to ratify initiatives put forward by the executive as regards to adoption of the sango coin by foreign investors, terming them illegal.

Venture capitalists remain optimistic about the prospects for growth in African countries leading the scoreboard in crypto adoption, including Nigeria and Kenya. This relentless adoption of blockchain technology by Africans is causing governments to lift bans, and instead adopt regulatory practices as watchdogs.

The involvement of Binance in blockchain education and awareness programs is not backing down, as they set sights on more target demographics. The involvement of public figures to champion the cause of cryptocurrency is becoming more popular as a means to build trust between the masses and the system. 

Regardless of a seemingly plunging market, government bans, regulations, and economic instability, Africans in many countries still see cryptocurrency as the beacon of hope that can potentially change the tides for the better. 

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Sats & Gwei is a BanklessAfrica podcast that brings you weekly crypto/web3 headlines about the Africa continent. Stay up to date with the most relevant crypto happenings across Africa

Disclaimer:

None of what is shared in this show is financial advice. Only the opinions of the individuals that make this show possible. Remember to always do your own research. 

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