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Countries in the continent africa is embracing the blockchain technology and Bitcoin in their masses. In some countries the government of the day are showing some kind of support or interest fo :)r the new technology while others are advising their citizens not to use the cryptocurrency due to fear of fraudulent activities. I have taken my time, done some research plus the little knowledge I already have, made this thread to highlight the three ways Bitcoin is been used in Africa. They include;

[1]: Trading and investment:
Most citizens of countries in Africa like Nigeria, Zimbabwe, Kanye, South Africa etc have turned to Bitcoin as their recuse from poverty and others to increase their asset portfolio. According to the report carried out in August 2018, five (5) Africa countries where ranked among the Top 50 highest traders of Bitcoin on Localbitcoin exchange namely;
7. Nigeria – $258M
10. South Africa – $98M
23. Kenya – $25M
36. Morocco -- $6M
43. Tanzania -- $2M
Source (https://bitcoinke.io/2018/08/kenya-ranked-3rd-africa-23-globally-bitcoin-trading-volumes/)

Note: This is just a statistics from one exchange, we have numerous exchange both locally and international that Africans are trading on and that's just one of the ways Bitcoin (cryptocurrency in general) is been used in Africa.

[2] Online shopping:
The number of cryptocurrency related online shops is raising daily mostly in South Africa and Nigeria. Africans can now buy goods online from the comfort of their home and pay with bitcoin. Physical store are also joining the party, In 2017 one of South Africans biggest grocery stores called Pick n Pay showed interest in accepting Bitcoin as a means of payment we also have numerous merchant already accepting Bitcoin and few of them can be found here, Merchants Accepting bitcoins for Payment in Africa (https://99bitcoins.com/merchants-accepting-bitcoins-africa/amp/)

[3]: Online transaction (money transfer):
Any one familiar with Africans knows we're migraters, there isn't any part of the world you'll go that you won't find Africans in their number, majority of the times it's the hustle that take them there. Many Africans leave their country for search of greener pastures in Western countries and when they succeed they always struggled to send money back to their families but with the help of Bitcoin everything has changed as sending money is now made easier, cheaper, faster and more secured. The luno wallet/exchange is one of the many platforms used for that purpose as it make it easier to convert Bitcoin to local currency.

If you're a blockchain developer and you were looking for the next regional area to get potential customer for whatever service you're providing I suggest you join the few companies tapping the potential found in Africa.

Here are some useful article you can read to convince you more;
Why Africa Is Fertile Ground for Bitcoin Adoption (https://www.ccn.com/why-africa-is-fertile-ground-for-bitcoin-adoption/amp)
Top 5 African Countries That Are Embracing Bitcoin (https://bitcoinafrica.io/2018/12/07/african-countries-embracing-bitcoin/)

From the beginning African countries has an open mind regarding bitcoin and other cryptocurrencies and that is the reason bitcoin investments and trading has progressed which is a great thing for the crypto world because government acceptance is the only way that bitcoins future can be secured and with these kind of freedom there are many benefits that can gain not only for the market but also for there citizens

Yeah, I also read some articles about blockchain events for people where they can learn about cryptocurrencies and ways to use them in Africa. I honestly believe that Bitcoin can be a game-changer for the continent. There aren't many adequate countries there, and the overall economy is terrible. Not to mention extremely high level of corruption and issues of the lack of recognition of official governments. People don't use banks there much. And the thing is that they don't need to. They can skip the banking part and move right to bitcoins on smartphones (while being very poor and not able to afford, say, computers, many people there have smartphones). If they abandon their terrible fiat and rely on cryptos, it can lead to economic prosperity of the region.

Truth be told, in Africa we see bitcoin as an investment rather than as a medium of payment. So, we acquire it and then wait awhile to resell it like a real estate. In Nigeria, I am yet to see any shop accepting Bitcoin for payment. One has to exchange bitcoin first into fiat before any payment for goods and services.

The crypto community is growing steadily in Africa
The countriesyou have mentioned, especially Nigeria, are the vanguards of the continent
Exchange platforms are currently being held in some of these countries
What is remarkable is that some of these projects devote part of their investments to spreading the idea of crypto  in African societies to villages, forests and even high mountains.

The African continent has such a large population and this can be a very good market share for the development of digital currencies. some weaknesses that must be addressed are infrastructure, because in the African country at present Infrastructure is a major problem. technology can still be said to not be too good in countries in the African continent. what the government needs to do on the African continent is to improve infrastructure first so that someday later digital currencies can develop and be facilitated well for all citizens on the African continent.

Nigeria is always fast in adopting and catching up with anything that can increase the standard of living. cryptocurrency has been source of livelihood. crypto has actually put the smile on the face of nigerian than the government. fast adoption has always been because of high internet presence. Nigeria is among top 10 internet users in the world. However, buying goods from local store using bitcoin is one of the challenge. it is very easy to see merchant that accept bitcoin as payment for services but not goods.

Although the cryptocurrency market is highly volatile, Bitcoin remains an exciting investment opportunity .More and more Africans are turning to Bitcoin to overcome the limitations of restrictive banking options ( Money transfer). Also, various e-commerce platforms have adopted Bitcoin as a form of payment.

The biggest advantage of using Bitcoin or any other blockchain-based cryptocurrency is all about adopting a global platform which allows inclusion of everyone in the system. Anyone from any corner of the world has a platform to grab global opportunities through using a uniform payment system, I see this as the golden opportunity for undeveloped and developing countries to gain the value from this international ecosystem.

African has a large market for international market and since cryptocurrencies or bitcoin make transactions easy I think Africa will be the greater beneficiary of bitcoin and cryptocurrencies in general.  Blockchain technology discovered, 7777⅞⅞7if will utilize will help many Africa's nations to come out of most of the financial problems they are going through currently.  The third world countries will also benefit from bitcoin and that is only if there can adopt it into their financial system.  Many African countries are poor today because of the influence of major currency on their economic and since bitcoin is decentralized I think it will provide solutions.

Government interference is one of the key limitations to growth of cryptocurrency and blockchain in Africa. In Africa for example, the government has declared bitcoin and other digital asset unregulated and goes on to advise against it's trades or circulation as anyone engaged does so at his or her own risks.
This sort of stand would dissuade majority of the neutral audience and also willing merchants from accepting cryptocurrency

Wow there are a huge leap between Nigeria and South Africa! I would have never guessed that and I hope the large amount does not consist mainly from bitcoins that were used in scams.! <Nigeria is famous for their scammers>  >:(

It is also strange that ATM distributors are not targeting countries like Nigeria. ??? Coinatmradar.com shows zero hits for Nigeria.  :P
I see they also have only 11 Bitcoin exchanges in the country, which is not a lot for such a large amount of money going in and out of Bitcoin.  ::)

interestingly and surprisingly, African nations are very positive toward crypto and blockchain from the beginning!

Without a doubt Nigeria was on the number one list because most of the scammers in the internet are originated from there, it seems that scamming is the most profitable job in their country. I watched a documentary about scammers in Nigeria and they are truly an expert in different kinds of techniques when it comes to fraud that even the government of other country used to believed in those scams.

This is a great community service the fit to talk section dedicated to Africans
Africans comprise a huge number in the forum and they are fast getting involved in cryptocurrency with high level of youth

Nigeria , South Africa and Kenya i have no doubt about that but Mexico and Tanzania there is no way they are on top than Ghana when its comes to the use of bitcoin ,  Even  in Africa most  of the crypto exchange  companies  are in Ghana and Nigeria . But its really  interesting how Africa is adopting  the digital currency  and blockchain  the master technology  behind it. I know Gradually very soon very will see most Blockchain project coming from Africa  to compete the global  blockchain market ..   

Truth be told, that is actually what the whole world is primarily viewing Bitcoin so this is not unique to the African continent and this kind of orientation had been the driving force in the great speculative activities happening in 2017 and early 2018 causing the Bitcoin to almost reach the 20K mark. And now that the speculations have subsided, we are witnessing the many great dips of Bitcoin. There is nothing we can do if people are seeing Bitcoin as something to speculate though because just like any asset the holders have all the rights in the world to do whatever with something he is owning. However, speculations alone will not be making Bitcoin great as we need practical applications or uses to make it last and be stronger. The continent of Africa is representing a great frontier for Bitcoin and I am sure that given the chance and massive adoption there is a great future for Bitcoin in there.

Like African countries It has become common for any country in the world to use bitcoin as a trading asset but not as a currency to make payments in real world scenarios and also there is no way trading a volumes can do good to a currency without any adoption into businesses because at the end without any real use it can become useless so such trading volumes in Africa are useless which can do no good to the future of bitcoin

I think this is good news because people in Africa will certainly be more helped by the existence of bitcoin there. Bitcoin invasion is very useful for its users. With many countries using bitcoin, making bitcoin increasingly popular.

It is good to know that Africa is supporting cryptocurrencies to such an extent where offline stores are enabled to accept cryptocurrencies as a payment.
Many countries have still not legalized bitcoin due to fear but seeing Africa accepting could lead other countries to accept it as well.
Although bitcoin is used for money transfer, trading and investment already in many countries, I would definitely like to know which online stores in Africa are accepting bitcoin as a payment.
I would be glad if you could PM or post it here some online stores that accept bitcoin.

They are mostly using bitcoin for scamming purposes, they love that no one can seize their scammed money.  That is one of those countries where people will slit your throat for a few dollars.  I recently saw a video of nigerians burning two men over potatoes.

Good news and thank you for sharing
The african country well know the importance of bitcoin and they take advantage to grab the opportunity of the blessing of the new technology to go out from the poverty.

This is a proof that bitcoin by the help of new the techonogy possible lives become easy and comfortable using cryptocurrency to buy things via online payment.

The news regarding African countries are using Bitcoin is very satisfying what we should consider how they use it whether to so business, To scam, Trading purposes or for any other illegal work because there are many countries that uses BTC for various reasons but when we get to know the reasons by looking and hearing from news it makes very sad because it can only do harm than good for the future of BTC

Poverty can be definitely eliminated withing few couple of years if African countries or any other country use BTC wisely with adoption and allowing there people to use it within regulations but the problem is none of them use BTC the right way because most people who use advance technology today have bad ideas specially when it comes to cryptocurrencies and that is why using Bitcoin in the right way is much important if African countries wants to benefit properly from the Bitcoin network

Truly the potential of bitcoin had not been fully harnessed in Africa largely due to improper enlightenment,  some  people who had an encounter with btc believed its a ponzi scheme hence disassociated themselves from it while the government had not been helping matters having warn its citizens against using it, while the few who took the bull by the horn have fully adopted it for trading using foreign exchanges are doing excellently well.

That's good, bitcoin has already reached the African countries. Particularly bitcoin was used by African people for transaction needs on business rather than into trading or into gambling. The major reason is that they cannot carry huge funds due to the inflation of the fiat. Using this as an opportunity some used bitcoin to scam people, and at some point people used bitcoin much more than mpeso which is much used for transaction needs. More good to happen in African countries through bitcoin.

Positive attitude to bitcoin in Africa it is already good enough. Even the fact that they have no special means to use it, does not have a bad effect. After all, this is a temporary phenomenon and infrastructure can be developed without problems. The main thing that was desire.

That's why investment and trading is the number way and most famous way Bitcoin is been used in Africa. About the stores, I believe you're taking about physical stores because if you meant online stores then you aren't updated. I have shopped severally frim both Nigerin stores and African stores accepting Bitcoin. The government of the day aren't in support of cryptocurrency yet that's why we don't have any physical store accepting Bitcoin. Everything bitcoin is used for in the country isn't official.

Africa will benefit the most from bitcoin trading as transparency and decentralisation will remove corruption. It needs to start with the people, their governments will not allow it

Africa as an undeveloped continent have embraced cryptocurrency and bitcoin as a means of making payments and many African countries government have remain silent on the usage of bitcoin in their country is it that they are not aware of the existence of bitcoin in they jurisdiction or they just decided to remain quite about it. But Nigeria has been the famous among all as it citizens have embraced cryptocurrency as their secondary currency.

Bitcoin is gradually gaining massive adoption.  Despite the fact that a small percentage of people in africa has the idea of bitcoin with time wgen real usecase projects are being developed its awareness will increase

some time ago I read in this forum about the number of cryptocurrency that was adopted in Africa, maybe they also store a very large amount of bitcoin in Africa, maybe there is a more appropriate place to adopt digital currencies.

No my friend, these countries will never accept Crypto currencies like Bitcoin, because of the transparency. They would much rather create their own GovCoin that are controlled by them and continue with their corruption. The media has been fighting for years to highlight corruption and to bring it to the public, but these corrupt governments are still doing this with zero accountability. <Look at Robert Mugabe and his wife as a typical example>

You cannot use a pseudo anonymous currency to eliminate corruption, because these people will use that to their advantage.  >:(

Indeed the continent of Africa and its people are embracing the cryptocurrency technology at an early point of time when bitcoin was introduced in the public. The cryptocurrency enthusiast in Africa are persons who are good in popularizing bitcoin and the blockchain even if the internet system in several countries are not par to other developing countries. Hopefully they will have more faster and stable internet connections soon to more promote bitcoin and the blockchain.

We know already what is the situation inside Africa and they are not really improving in terms of financial stability but they are looking to be a part of crypt development. Such a good thing to see how they adopt the new system despite of their struggles but for sure only few of them were making crypto as an investment and many were ignoring these thing.

Crypto isn't just for uncivilized country nor they are limited of resources, everyone are welcome to be a part of this growing technology.
Yes, they don't have good financial stability to put huge amount in investment but they are looking forward into their success. Maybe this time, we can't see for it huge development but they can acquire it from time to time and when their government will help them.

i think all of bitcoin user more than 80% use bitocin for trading and investment program, because many people know bitcoin and bitcoin popular because of investment media and the trading media. so we all here hope that in the future we can sue bitcoin and other cryptocurrency as the daily currency that we can use to pay anything in our life`

I really love seeing some thread that tackles positivity than the negative effect of crypto specially in countries from the continent of africa in which experiencing poverty but yet come to join the cryptocurrency fever.sometimes i am asking why countries like them are more involved than the bigger ones.they are more supportive than my own country though we have no strict regulations regarding crypto

This is a result of bitcoins popularity as a great investing commodity because past years Bitcoin was able to make many number of millionaires through investments so even majority of African countries are poor and has no proper IT infrastructure the remaining rich business class minority was  attracted which will do good to the Bitcoin market but if we expect Africa as a region to grow due to such investments it can never happens because without effective expansion among every citizen and adoption Bitcoin cannot do any good for the majority of the country   

Honestly, I am not sure Emefiele or anyone at the CBN understands how Bitcoin or the blockchain tech works. You don't give what you don't have. I would've been one of those discouraged with his warning in 2016 if I had paid him any attention.

[/quote]it seems that the government is working to improve the economy and does not care a bout the dangers of bitcoin
this is good the economy and living conditions in these countries may improve
hoping to be in all countries

It's because crypto is sound money for them, and it will be a big help for them to alleviate their standard of living through the help of crypto, I reckon.


Bigger nations will lost a lot if their population will be totally in crypto, just like China says. They think it will disrupt their stable economy. On the other hand, developing nation has nothing to lose and it's a win-win situation for them, that's why it's easy for their government to turn pro-crypto.

Africa is a continent that is full of corruption and dictatorship regimes, African politicians only pass laws that benefit their corruption and dictatorship, something like bitcoin that is decentralized can only survive in a small number of African countries. And note that the maim impediment of people using bitcoin will not be the lack of internet or lack of electricity or lack of computers or lack smartphones... it will be because of corrupt politicians


It seems to me that you took advantage of the opportunity to promote this forum " fittotalk.com "

True, governments in Africa are somewhat corrupt, not all but some government officials are for sure corrupt, but what I liked with their decision is that almost all countries in Africa has Bitcoin approved, it could be a big help for the citizens, and hopefully it could lessen the poverty.

The member Jet Cash idea to give a dedicated forum for Africans is a great idea because unlike any other countries Africans were open minded regarding Bitcoin and the crypto world because they know that to change there current situation they have to cope with latest and modern technology and Blockchain technology and bitcoin as a currency will be a great solution to that because it can provide the best possible systems to reduce the cost during transactions and improve there businesses effectively

Yeah I understand that, the spread of bitcoin will also depend on your technological and economic development too. in Asian countries there are still many countries that have not been touched by blockchain technology, especially Africa which is still very lagging behind, no offense

Woah really ? Thats nice .  i see that africa is left behind on the latest trends especially on cryptocurrency  but if we will educate them and sponsor them some items that they can use to access and operate cryptos, im pretty sure that their country can also add to the growing adoption of cryptos  .


Oh i see  . this can be also the reason on why africa is so poor .


I guess thats not true . i see alot of users here , saying that africa is not supporting cryptos  .

in my opinion it's like bitcoin traveling around the world especially the African continent and it's amazing for me and I'm proud if the African population knows Bitcoin and uses bitcoin legally

Currently in Africa the use of Bitcoin is very low, but the continent is full of potentials for cryptocurrency trading, at list for Her population,and this region is highly fragmented structured with various currencies, hus it is a fertile ground for bitcoin investors.

In Africa generally, there are many who purchase Bitcoin only just to use it for online means for payment of  purchases and services. But they can not use it for payment of goods and services offline.
The few things that contributed to this are: some Africa governments restricted the use of Bitcoin kn their country and also technology in Africa is still in the developing stage. Not everyone knows about this coin there but some good amount of youths.

Kenya and morocco very unprivileged countries but good to see in those countries growing in cryptocurrency platform.
And i think they have cryptocurrency adoption and regulation. This is localtrade exchange statics and i think their big activities in the other big exchange.

I think the most usage of bitcoin is for trading, include in Africa. No wonder if bitcoin volume is big in coinmarketcap.
And peoples are using it as payment instrument too, mainly from underground world i guess.
So, no matter how bitcoin used anywhere, it is good to hear that many peoples still using bitcoin and cryptocurrency.

If this is true, this country is worth living. I wish I could come here once and experience this utility

your guesses here have no value specially since you are making random wrong guesses. it is obvious that one of the biggest usages of bitcoin because of its volatility is for trading and investment but that doesn't mean the usage of bitcoin as a currency is small or limited to illegal activities.
in fact Africans are using bitcoin as a means of payment more than anybody else in any other country. there are people who have been mining bitcoin and using it to buy food and have it delivered to their country for over a year now.

Its a good sign. But it is Africa and we know it is not yet that continent with high technology.
Despite that, if they are using it in high amounts then we might be in a good year.

If only this can be done to more known countries with great technology then be shared to another country then it will be an easy walk for bitcoin to be used regularly.
But look at us now, we are still having problems without fiat on our side or credit cards.

Nice to know that Africa is involved. While Europe and USA are busy with political matters Africa is gaining power which is great. I foresee some really good projects there.

For your interest in Africa crypto.
There is an article on Africa Blockchain Conference in 2019.
https://cointelegraph.com/press-releases/big-names-take-to-the-stage-at-the-blockchain-africa-conference-2019
Hope it helps, OP.

Did the uses of bitcoin increases in Africa? Probably, the usage may have increased in some other African countries like South Africa and the rest but in Nigeria, i will say no, reason been that majority of Nigerians knows about bitcoin (Majority= a large number of people) during the era of ponzi scheme called MMM, If you are from that part of the world you will definitely know what i mean by MMM. Its a ponzi scheme that make many Nigerians to be dealing and owning bitcoin incliding me. Bitcoin could have been porpular than its or even popular than our Naira it self if not for the bad reputation of MMM, in fact government need to start warning people to stop trading with bitcoin after MMM collapsed and many Nigerians lost millions of dollars to the fraudulent scheme. I lost a lots of my investments too. Many Nigerians like me who still do have anything to do with bitcoin are doing it because of our own research and efforts done in findings that Proof  that bitcoin is not a scam like our government used to make it look like. Though, you can be scarmed which is not limited to bitcoin alone, as scammer are everywhere in every bussiness.

Bitcoin has good future in south Africa, even the price of bitcoin is rise against rand south africa. Now it's about 52,000 rand per 1 btc . People there really like to trading bitcoin, there are many exchanges site that ease african people to trading, exchange such as abra, etoro and coinmama and etc was ease people there to buy bitcoin via credit card or bank transfer. So its make the adoption grow faster. I hope people there more often to use bitcoin at online shop rather than use it for trading.

The truth is that the African government are not interfering with citizens who deals in cryptocurrencies particularly bitcoin in Nigeria the Central bank advice its citizens to stay aware from cryptos however the anonymous transaction and usage of bitcoin makes it easier for people in African to adopt particularly to buy at low and sell at high accruing some profits then exchange to fiat using some notable exchangers even though its on record that no business organisation, stores etc had started accepting cryptos.

The population of Africa continent is big and hoping the crypto-community can look into this great potentials from Africa. In Africa we have youths who are seriously engaging themselves day by day with cryptocurrency forums and getten to know more of it operations. Am proud to be from Africa the most reserve potential resources on the planet earth.

A good and positive thing, about Bitcoin users in Africa today, I also think positively about this news,
in another discussion on Bitcoin in Africa, there has been a very good increase in education and cryptocurrency this year, with very limited economic and educational conditions, bitcoin is a good alternative in Africa, this is what the world in particular in the crypto sector is concerned about Bitcoin.
In the meantime it still gives a very positive thing for cryptocurrency.
In conclusion: Bitcoin can change the economy and the special life of this African community the best.

LOL, Nigeria on top. Well, gotta find a way to move around all that money.

But talking about Africa in general, it's easy to see why they are embracing Bitcoin. A large portion is still unbanked and since the telecom industry was slow to build phone lines, they transitioned rather quickly to mobile. Dealing with money digitally has become natural.

I believe there are also charities using bitciins to send donations so that gave people more incentives to use it themselves. They can just ask to be sent the donation in bitcoin and keep some for holding.

In Africa, some of the government knows next to nothing concerning blockchain technology and Bitcoin. They are always seeing the transaction involving bitcoin as a scam and ultimately an economic crime. Their citizens dealing with bitcoin are doing so at their own risk. I think the first point of call is for the government to acknowledge bitcoin and legalize the usage in their economy.

Africa needs everything that will help their economy grow and they saw the potential of cryptocurrency tp favor their needs,and i am happy how the government of africa gives opportunity for the people making some profiteering as longs it was legal and not poviding issues towards them

In Africa there have being a high level of inequality in terms of financial distribution and circulation, also high charges from the traditional banking system. The whole continent is embracing bitcoin because it is the surest ideology that will solve some of this problems. 

Well I agree with this. Bitcoin have been rampant in Africa in General especially West Africa and South Africa Countries. In Nigeria, an online shopping company like Jumia, Konga and many others once accepted Bitcoin as mode of payment. Also in some popular Cities in Nigeria like Abuja and Lagos, I have also seen some buying and selling of landed property were Bitcoin were deployed as the means of transactions. And recently I heard South Africa have launch a Bitcoin ATM. So we are still Developing and hopefully it will continue to circulate and gain more adoption.

Wow, this is Good to hear. I am aware of the Buying and Selling of Bitcoin at Wuse Market here in Abuja but haven't seen BITCOIN ATM Machines like you claim here that are already installed in Abuja Nigeria. You can send the exact location here or inbox or you can help with the picture of the ATM also. Don't just come here and write what doesn't exist yet or what is in the plans. I only know of Bitcoin ATM in South Africa and none in Nigeria.

Truly right bitcoin is very important in Africa because of digital currency the economies of Africa are goes uprise helping from their people to give decent income and it's been a year ago discussing about how much bitcoin important in Africa.
And yes the mass adoption and support from the different country are continue because they understand well how bitcoin important came from the new technology.

Statistics show that 40% of the world's population do not have bank accounts and are therefore barred from all financial services
Most of these are from the continent of Africa and some countries of Latin America and Asia
So I think CRYPTO will have a great future in Africa but the idea has to be published
This is a big challenge.

oh, these figures look very promising, taking into consideration the fact that these statistics don't cover the whole picture

I think Africa has great potential to be a country with good crypto growth. I see today, many projects that introduce crypto for Africa. real estate for Africa, economic assets for Africa, and transaction platforms for Africa.

this is very significant growth, but I'm not sure if Africa will defeat Japan, China, and South Korea.

Yes, I read a number of articles about this, in several countries in Africa realizing the importance of cryptocurrency in their business and encouraging cross-border trade and payments. But in Africa itself Bitcoin is not a currency but as an asset and investment, there are no shops or shopping centers that involving Bitcoin so that they must first exchange cryptocurrency into real money

in the African financial and economic crisis for me if there is already enough bitcoin to improve in Africa and Africa can be a continent not inferior to America and Europe and Asia

The African countries especially Nigeria taking the lead in accepting Bitcoin. It is quite unfortunate that no merchant would trade his/her goods for Bitcoin, in short they don't want to hear about it as sometimes ago, the government tried to scare people away from Bitcoin trade as it was termed scam. Thus the use of Bitcoin in Nigeria has been based only to online transactions and should cash is needed, Bitcoin has to be traded for Fiat via Luno or LocalBitcoin.

I think bitcoin can really enhance the lives of people living in Africa. I mean, their overall economy is terrible and people don’t really use banks there much. But with bitcoin, they can just skip the banking part. There are also many blockchain events where people can learn about the ways on how to use crypto in Africa

On your LocalBitcoin's statement, it is clear that Nigeria is the top used Bitcoin country in Africa. South Africa is the second position in Bitcoin trade and transaction on the basis of localbitcoin information. Africa is going ahead to the use of bitcoin rapidly. Maximum African countries are still far behind in Bitcoin so Bitcoin related persons should come forward to the engagement of that countries.

I don't know if this is true but this is only my opinion. People from Africa are more unto bitcoins because they are one of the poorest countries in the world. Plus BTC has been created some years ago with its only low prices or its literally free that day! And pretty sure there are people from there have bought and hide there BTC. I am pretty amazed by how people there adapted BTC in a major location of Africa.

While its worthy of note to appreciate the effort you have made in coming up  with the statistics and also making the effort to change the narrative of some people that Africa is still far behind in the area pf adoption of blockchain and its accompanying products, it will also be over reaching to conclude that most citizens of the countries you listed are now turning into crypto because that is going to be a false representation. Yes the penetration is growing but the truth is, its not enough to classify as most because the technological push and the legal framework to push for such qualification is practically non-existent. May be in the next 5 to 10 years we can say ''much more people...''

we know that bitcoin is popular currency, i hope that it will more popular and more popular until all people in all country in the world can use bitcoina s their currency and it will makes the bitcoin and cryptocurrency become the global stable currency

The reality of Bitcoin in Africa is increasing educational opportunities, peer-to-peer cryptocurrency exchanges, knowing this is first hand. They partnered with Zam Zam Water to build a school in Rwanda that was fully funded by cryptocurrency through the BbuiltwithBitcoin initiative. Now, the very well-known Red & Yellow business schools open their doors to cryptocurrency, allowing more people the opportunity to get higher education. While the centralized agency still gives a cold shoulder cryptocurrency, the truth is that Bitcoin is changing lives for the better for many Africans

We have been having these kinds of conferences yearly in Nigeria around Abuja, Lagos and PHC. The population keeps growing each time. The blockchain and Bitcoin awareness keeps spreading like wildfire here. The only nag to it is that the Nigerian government isnt yet throwing its weight in support of this. Though they aren't taking any steps to stop us.

This is actually the first step in introducing cryptocurrencies to third-world countries. The only barrier that separates first and third world countries in introducing cryptocurrencies are the opportunity and technology but this article make it possible that they may be start slowly learning about its components.


I doubt that they can skip the banking part as fiat is still an essential part of any country's resources. They cannot shift quickly from fiat to cryptocurrencies as the country needs to adapt and improve their technology. But this may be the first step into the ideal future of having a digitalized form of payment.


Any country has the potential for growth but Africa can be the ones who are affected with this kind of change. Introducing this type of technology can create and attract investors.

Wow i don't know african have a big base of bitcoin user. This is a great information to me, i think Online transaction (money transfer) is the biggest reason why there are many people in africa use bitcoin and because of migraters too.

The African country is one of the big market shares, this is because the population is so large. But in the African country the development of technology and infrastructure has been slightly hampered. That makes a delay in the development of cryptocurrencies, it is necessary to increase infrastructure so that the creation of an increasingly cryptocurrencies ecosystem. Trading volume can increase and it can be an indicator that the volume of bitcoin is increasing overall.

Getting it hard for the to see huge development knowing how they struggled for economic crisis. We know already the capabilities of their country and so we can't expect of it's immediate response to the needs of the people and it may affect the wide growth of crypto in their country. But I believe there will be a moment that their people will adopt the system.

This is your opinion and I can categorically state, that the state of the economy here is not all doom and gloom. And no, people use banks very actively in Africa. Bitcoin may not 'enhance the lives' of people living in Africa, as it needs Investments. The blockchain if implemented would streamline so many sectors and would facilitate actions which would normally take ages to document.
It would also Improve transparency, and hence reduce corruption.

Africa can be the next bigger country since I see that Africa has many resources which are not built yet. They need to create something from inside their country and blockchain will be a good sample for them to make better financial. Although the corruptions will be their enemy, by introducing blockchain in Africa, I think it will bring new hope to their people. Maybe they can wake up from the underestimate country to become a growing country in the future.

Well I think the OP sources his or her facts well and you on the other hand just feel that you are right.
Probably you would be clarified if you can do a good research

Bitcoin will be embraced by Africa because it's a relatively good store of value in the long run and will facilitate microtransactions once the Lightning Network is ready for mass adoption. States may fear it and thus prohibit it, but they cannot stop bitcoin from being traded anonymously and on the black market.

Africa is an underdeveloped continent and many countries in there face the financial crisis. This will mean that if they introduced and support bitcoin in their economy then it will be very much helpful for them.
Africa can change its fate of they truly implement blockchain and bitcoin in their countries.

Many interesting facts, thank you for sharing.
I personally have several friends from Africa and they never used bitcoin.
Why?
Well, they live in rural area of Africa without electricity and with very weak Internet connection.
So, it's very difficult for them even to use Internet so to learn and use Bitcoin is even more difficult.
But things are changing very fast in Africa so I think that soon this situation will change and improve. 

Good to hear such news  as African nations has strong and good treatment to Bitcoin. I am very thankful to their government to let their people have financial freedom through cryptocurrency. I am also happy with my country because I am in a cryptocurrency friendly country that does not prohibit the use of Bitcoin but instead made a regulations between local exchanges for a safer and trusted transactions.

Africa has being a market place for all foreign and other investors to promote must of the goods, and record has it that African ride the most expensive cars and use the most sufisticated technology, and at that the continent will always embrace a good technology like bitcoin despite the fact that the authorities over their have not really come out to declare they support for the currency. May be they don't even know it exist or just paying deef ears to the presence of bitcoin in the continent.

Jokes aside, like others have said many people in Africa don’t have banks or don’t have the opportunity. But with rising mobile device usage cryptocurrency presents an excellent financial instrument that can help shield people from inflation or corruption. Also even making income from trading to help people out of poverty.

Africans have embraced cryptocurrency though some countries have won its citizens against cryptocurrency. I have seen several projects which are owned and managed by Africans and that is really good.

The idea of cryptocurrency has really grown in Africa.  I have a friend in one African country university and he told me there are several programmes held on their campuz on blockchain and cryptocurrency.

One of the best place to feed your innovations with people ready to accept and work with it is AFRICA. I can say that Africans are largely using bitcoin in all ways that they can and it’s spreading everyday among them. I am particular  about west  africa, majority of people have identified cryptocurrency as a means to be free from poverty and bondage and they have  keyed into it. I am sure very soon africa  will be one of the largest users of cryptocurrency in the world.

Bitcoin's demand is increasing despite volatility and it's good to know that Africa is open to this new kind of innovation. Having Bitcoin regulated in Africa opens great opportunities for its people and provides quality of living, it would change their way of living. It gives a good and positive impact that would also help attract other countries gain their interest and trust towards Bitcoin and be part of cryptoworld.

The analysis you have made in terms of bitcoin usage in africa is true especially that of people in Nigeria using it as a means to stay out of poverty. I am a Nigerian and I have seen so many people who are into bitcoin trading and also bounty hunting. Infact, most Nigerian youths who are done with school and are yet to get a good job are either into bitcoin trading or bounty hunting or both just to make ends meet. There are also lots of Nigerians in different parts of the world including other Africans who has left their country to hustle and make money and now with bitcoin they easily send money home instead of usng western union which takes too much time and stress. In the past one year, I have seen lots of shopping been doen with bitcoin online by people too, that shows bitcoin usuage is really growing in this part of the world.

Africa and some third world countries are easily adapting Bitcoin technology because they see a great potential and hoping that it will help them in terms of financial issues. I also noticed that newly created Blockchain projects are targeting Africa because of massive people who are into Bitcoin.

Africa is a promising continent for future technology because it is still open to potential human resources and natural resources. In a modern country it is full of technology, where people have many choices to use. Unlike Africa, which is moving towards progress, thirst for technology.
As long as the government and society move along the course of course Africa for the next few decades can become an economic power that deserves to be taken into account. Including the use of digital technology to maximize Bitcoin and empower the blockchain which is very efficient for all fields.

- I don't think people in Africa are adapting and very active with using crypto and bitcoin because their living conditions and development do not seem to allow too many people to participate in this area, they are still very tired and trying to fight everyday life, using a technology like crypto and bitcoin, that is not the job they can do. People who are active in using crypto in Africa, these are probably criminals, they want to invest and launder money, even using crypto and bitcoin to buy weapons and buy banned items, a very popular thing with special features of bitcoin

Wow Africa is doing a great performance in the crypto currency community. One time, I have been read an article where in Africa, there are many activities regarding blockchain where a lots of people are aiming to gain knowledge and different ways to use them. For now, I can say that this could be the chance of the continent of Africa to a better changes despite its current state in its government issues.

Africa is going to be the new south america. It is perfect for bitcoin as it is transparent so no more corruption by officials

Countries in the African continent are very good at utilizing technological advances, including in the field of financial transactions, many projects have sprung up from these countries. even because there are already regulations on bitcoin in these countries, many people are interested in using crypto currency as a tool for financial transactions.

This topic has taught me a great lesson because Africa is considered as a continent that is in general, an always late in development and if people on this continent are ready to accept and use crypto in such a manner, I see crypto adoption to be very easy because even those we considered as the last to learn have learnt to learn what is good and active trading it.

Africa is one of the continents that embrace cryptocurrency. Although most of the countries are underdeveloped and developing, people are gradually adopting cryptocurrency and its investment. The cryptocurrency merchants are also keen on the provision of crypto services to the extent of allowing the purchase of mobile phone airtime and payment of some TV satellite stations with cryptocurrency. If much crypto infrastructure is diverted to Africa, cryptocurrency will meet another rise in cryptocurrency adoption.

I have been read some articles that in the African continent, there are lots of people there that are so eager to learn and understand the world of crypto currencies. Isn't it is very pleasant to hear about. As for what I can see the community of crypto there are getting better. They are making the use of it into maximize and bring new better changes for all the people's lives there.

Viewed from the contents of your topic, I conclude that in Africa for now there is sufficient knowledge in the world of crypto, especially Bitcoin, yes, this country is very chaotic both from society to the contents of nature that does not produce much fruit, except for many wild animals .
I hope that in the future, crypto in Africa will be received well and developed.

African countries needs help to fight poverty since for all this time they are being abused by othr countries that takes their natural resources because africa is vry rich on those areas

Now they saw an opportunistic chance in form of cryptocurrency and they will take all the chances for them to grow big

This is one of the best action africa has made and i hope seeing them go bigger together with asian countries as well

People in Africa want currencies that aren't printed by the central banks there though. You can sell USD easily...They were also first to adopt mobile payments with MPesa but the fees using M-pesa are up to 20%, people will definitely adopt bitcoin more over time.

It's the on-ramps and off-ramps to buy bitcoin in Africa that need to increase and have easy ways to move Rand or USD there into crypto. These countries have the most to gain from acquiring sound money.

Bitcoins has been used by all Africans and that is good for the economy as it helps in the over all development of the people and the economy as whole and it helps to eradicate  major issues like unemployment issues and poverty from the continent. The people of African countries were ready to accept the new technology and embrace it with both hands as they wanted to bring a change in their country like freedom of finances which is possible only with bitcoins and block chain technology. Bitcoins has been used mostly by all the people in Africa and this has changed their lifestyle of living and has brought a positive impact in their lives.

Thats good meanwhile I believe the most scammer are from these countries

It is very great that Africa seems to be embracing the blockchain technology at its developmental stage and not wait till the latter times when they come on board. From the news that i have also read it seems South Africa, Nigeria and Kenya seems to be the countries that are really pushing for the acceptance of bitcoin and other cryptocurrencies. Hopefully all the others would join soon.

Africa is a continent comprising of 54 different countries, all with their own laws and governments. Some are more or less progressive than others in Africa and the rest of the world.
There is definitely awareness of the technology, including other blockchain technologies other than bitcoin. I think the blockchain Africa conference has been running a few years now, and that always has regulators and people from different big banks etc in Africa in attendance. The banks and regulators in South Africa work with the exchanges to make sure users are doing KYC and AML, have proof of residence etc.

Unfortunately many people in these countries are drawn to bitcoin as a way to 'get rich quick', since pyramid and ponzi schemes are running rampant. I would say at least half of everyone involved in crypto is in some sort of scheme, based on the people who contact me for information. While it could be used to make lives better, it often makes things worse for those who get sucked into ponzi schemes. The best you can do is keep helping people to do things properly the 'legit' way.

The problem is that bitcoin needs connectivity to operate and Africa doesn't have the right infrastructure. In cities it will work well, but they need to push the internet as far out as possible before mainstream adoption

Look how stupid this post was,do you know AFRICA?It is not a country instead it’s a continent that compose of more than 50 countries and you are the only person here that think africa is not progressive country(continent)because thats why they are embracing cryptocurrency for progress and not just for anything,i guess you’re the one must have progression and must learn to use google first before posting because you don’t know how offending your comments was.

he isnt the only one that thinks africa is a poor country because im also thinking the same  and im sure we arent alone with that . lots of people also think that africa is a poor country because thats what we see and thats what we hear online or offline  but you might be correct . we dont know if africa is still the same or they maybe improve because we are now on the future  .

One thing I have realized is that many of the third world countries are rather seeing cryptos more of an investment as opposed to seeing their use cases and that's what is happening on the African continent. The too many failed government systems have opened the eyes of the millennial to adopt this revolution.

Yeah, it is true, in third world countries have more investment on crypto currency. May be the reason in these countries a huge people are job less and most of the people prefer business or investment than job. But it is good new for all crypto users.
About Africa it is lovely continent and it is progress that bitcoin is getting success in it.

The use of bitcoins has been increasing day by day in Africa. They are using Bitcoins as investment plans rather than using it as a medium of payment. In April 2015, Africa held its first ever Bitcoin conference in Cape Town, South Africa, and was followed up by another event in March this year. Now they are using bitcoins in following methods like Money Transfer, Tackling Piracy in Music, Metering Services, Crowdsourcing Ad, Online Payments, Payment for Products, Microfinance Institution and bidorbuy.

Firstly, africa isn't a country it's a continent just like Europe and American ignore the bad news you hear about africa on television it's a beautiful continent to visit also africa isn't poor, we're been raped by the westerners. I wrote a thread on that tilted "Africa isn't poor - Africa is being raped". (https://bitcointalk.org/index.php?topic=5107086.0/)

Many on line Statistics say Bitcoin and other cryptocurrencies are much popular among African countries and that can be true because there are even several ICO projects that was implemented like Kora Network,Golix,Wala and many other in African countries like Zimbabwe, Nigeria, South Africa and many are yet to come and that can definitely help to improve there economical development immensely 

Where you count African countries you need to count Venezuela too. Of course the scammers are not an exception to the rule, seems to be a really profitable business even when i don't like getting involved in those practices.

The big poverty is another subject. Bitcoin and ways of making it are of course another thing. Being able to have income based on other currency other than the poor fiat currency of those countries is a huge plus.

It would surprise you if you carryout some research, the most professional scammers are Asians they were in charge of all the ico scam am not sure we have Africans with enough blockchain experience to run a successful scam. The only reason why you think Africans are the most scammers is because they're been catch but what about others nationa that has professionals and aren't been catch. I don't support scam but can we just have a decent discussion without always pointing out the continent flaws.

You maybe right for now, but in the future it might change.
When African crypto enthusiasts have better knowledge, experience, and of course better skills, both technical and scam skills (LOL), your statement might not be right anymore.
Fortunately, time will help investors become more knowledgeable, and with their own experience, precious lessons in crypto for years (losses, invest in scam projects, for example), they might become smarter and more carefully with their investment.
Consequently, over time, scam projects will harder to get succeed.
Anyway, in other side, scammers always find out ways to adapt and make more complicated scam projects.

Its good to hear that Africans are making inroad and headway to the usage of bitcoin however there is a lot of work and challenges toward actualizing the ultimate goal of the massive adoption of this coin, the sensitization and information dissemination about about is not vigorously carried out which resulted into skepticism by some people who heard some little information about it but doubted its legitimacy.
Some government unfriendly attitudes towards cryptos in Africa is another bureaucratic  bottleneck and barrier towards its massive adoption in a situation where the Central Banking official makes a derogatory remarks about the dangers in investing in it will result into caution to would-be investors.
Be as it may individual or private investors are gradually increasing and fully utilizing the benefits of using bitcoin especially in trading a lot of online services in the buying and selling of bitcoin especially in Nigeria.

The whole world knows that, most of their countries are still said to be poor countries. only a few cities can be said to be quite advanced and feasible for technological growth such as crypto. from that, we know that the problem of user growth is very complex isnt it ? so be patient.

Bitcoin is being used as a way to enable Africans living in the Diaspora to send their money back home cheaply. One of these transfer platforms is Kenyan-based BitPesa, which five countries including Kenya, Nigeria, Uganda and Tanzania. Customers receive bitcoins and then convert it to local currencies by use of mobile money platforms. It offers its services at cheaper rates than traditional players such as Western Union and MoneyGram.
It is not a surprise that the use of bitcoin is on the increase in Africa.

People don't use banks there much. If they abandon their terrible fiat and rely on cryptos, that can lead to economic prosperity in the region.

Third world countries will also get the benefits of bitcoin and that only if anyone can apply it to their financial system. ;) :)

For now the use of bitcoin in Africa is not too large because infrastructure in countries like the internet is still not optimal, while the internet is a network that must be available to be able to use bitcoin. Besides that the education of the people in the interior has not been maximized so that knowledge about bitcoin is very minimal.
But for the next decade or for African countries with good economic growth, the use of bitcoin is growing rapidly, especially if the government issues regulations that allow bitcoin to be used for trade, investment and payment transactions.

Going forward, of course many countries will begin to adopt bitcoin, but the African countries do have a slow development, due to certain factors. but we don't need to worry, economic and technological problems will progress in every country as time goes on

Ever since i have born , i have been hearing that Africans are the most underdeveloped nations and  they lack the basis needs of life. But i think now is the time to for Africans to change their fate by adopting and using the block-chain and crypto currencies.



Where there is a will, there is a way too. Africans will overcome all the hurdles and will be the first continent to adopt block chain technology. :)

There is no doubt that Africa is doing well in recent times regarding the use of Bitcoin as well as other altcoins. The problem I find is that we on our part are doing very little to the sell the blockchain technology to those who are alien to it. I see Africa as a part of the globe where many countries are struggling to have their fiat currency stable and therefore wouldn't have had a problem using bitcoin. We are on track although but it would be good if we could be a little faster.

It is a good decision from the Africa to embrace the bitcoin in their industry. It is a big help from them. I think those people coming from Africa especially from the town who have only a minimal progress. I think if they learn and if they master the right use of bitcoin as a payment system or most specially as a investment they can improve their life.

It's a great thing to know that bitcoin has been reaching every corner of the world. I didn't expect that it could reach Africa that fast and that it would adopt bitcoin that easy. Who would have thought that they are willing to accept the digital currency? It will surely be a big help for their economic growth.

Nigeria surpised me a lot. it is really huge volume comparing it with the rest countries.
Still, I wonder what is real usage of that in Nigeria? Doesn't it look like laundering?

Your analysis is right. I am a Nigerian and the truth is so many Nigerians currently are into bitcoin. Majority are into trading as they see it as a means of survival since no job. Bitcoin has made so many rich in my country Nigeria making so many youths to dive into investing in it and trading too. Though we can not for now buy any thing in my country with bitcoin, virtually almost everyone here owns some quantity of bitcoin.

Thank you for such fulled information topic about Africa's Bitcoin embracement.

From my opinion i concur they do have to use it in order to achieve a more internacional income thus making a more rich economy.

Those Bitcoin approaches will eventually produce not only profit for africans but as well as new technologies for helping their daily lives.
The money they get from it will surely help in producing advanced solutions for their health and maybe buying a new healthy life style products.

In Africa the most important problem is the number of inland areas that have not been touched by the internet, because of the heavy terrain and inadequate level of education. Africa is in the stage of improving development infrastructure towards progress.
So for now bitcoin is not popular in Africa, there are still very few users. But for the long term, for example, ten or twenty years into the future, I am sure that Africa will become a new continent with a good level of growth and advanced people, so the impact of using digital currencies is increasing. Bitcoin will keep up with progress in Africa.

In a nutshell, there are some barriers for the growth of crypto in Africa:
- Lack of Internet Connections.
- Low general level of Education.
- Internal conflicts (civil wars, for instance).
- Low level of income and lack of fundamental things of human lives.
However, as the fact of human civilization, where difficulties exist, there also have lots of gains in the future. People have to fight for their lives, and their efforts will make big changes. As the saying goes, "no pain, no gain". I strongly believe that the Africa continent will play important role in the crypto world map in the next coming decades.

Africa still have lower user invest their money in bitcoin, economic crisis make us of them more focus looking real job and left about how to get money with cryptocurrency bitcoin and altcoin, we have promote bitcoin for them.

Most of the times Africa seems to be behind in all technological advancements but i am glad they have taken steps in adopting the blockchain technology as early as possible. I wish they could tap into the transparency of the blockchain distributed ledger to reduce the level of corruption in some countries.

Bitcoin is really kicking its tail and waggling around the globe. Even the Africa is not letting themselves to left alone in the vast of elsewhere. And now, Bitcoin is widely been used too in the different ways like stated above. This is good to see and I can see that Bitcoin will keep having its way to its future ahead.

There is no hindrance for everyone to adopt in crypto since it's decentralized and we can call this our own, unless your government will ban crypto.
Africa need, to my knowledge they have a high remittance fee but with bitcoin they can minimize it.
In addition, it will help them find opportunity online and accept bitcoin as payment.

Africa is one continent that does have a very large population so that if crypto can be applied properly on the African continent it will grow the number of financial transactions that are so large. But facilities and infrastructure are an issue that must be considered. the fact that the African continent has inadequate infrastructure so that the development process will be hampered. What needs to be done is to improve the existing facilities and promote far wider internet access. The African continent has very good potential if it can be developed regularly and in an organized manner.

Well, the population in Africa is really huge and if we exploit the use of crypto and bitcoin in this community, this will be a development step for the market but this very simple thought seems impossible because the level of education in Africa is too low, technology and people's access to technology is not too developed. And the governments of African countries are constantly improving this issue, but perhaps we will need a long time to see Africa start using crypto and bitcoin in a common way, the improvement is still too slow

Africa could be a good place for the adoption of bitcoin, and there are already store that accepting bitcoin as the payment. The OP gives information about the bitcoin growth in Africa, and that is good because we can see that bitcoin has spread very well in that country. I think soon, all country in Africa will look bitcoin as a new way to help them to make a better life.
Thank you, OP for giving good information about what happened in Africa related to bitcoin.

Are there any popular localized exchanges (created in Africa/HQ'd in Africa) that are facilitating this volume?

This would be a great boost to Bitcoin and cryptocurrencies if Africa wakes up and gets in fully into blockchain. Already Nigeria is leading the pack in crypto trading and of course blockchain adaptability in Africa and other countries are coming up too. Despite this fact, African governments still see bitcoin has illegal and no regulations or rules guiding it's activities and as a result, it's being labelled scam by mistake government. It's a matter of time, bictoincash will continue to grow in Africa

Not only African Governments sees btc and crypto in general as illegal activities and try as much as possible to restrict it's citizen's from engaging in it, other developed countries also have the same perception, since crypto don't have any regulations whatsoever they don't want citizens of their country to get involve because of their personal interest,

I think the awareness about crypto is increasing in Africa and i believe most major states and cities in each country don't have issue of infrastructure especially electricity so the question of not having access to internet is very minimal, this can only be found in the very remote areas.

Africa has a great enthusiasm for Bitcoin. The major problem here is that most of the indigenous people lack the basic knowledge in computing, technology and ICT, hence makes it difficult to explain the concept of Blockchain and Bitcoin to them. The elites are however supportive and I believe it will reach a greater spread if Bitcoin ATMs and more crypto community enter Africa. The merchants in Nigeria like the Cofred and Ecurrency4u are doing great work by offering a 24/7 crypto services to users.

Yes "once beaten twice shy" so they say and it's really un beliveable of the turn out of the African nation into crypto industry, this shows that the future is bright for every crypto holder, better days ahead

I believe online shopping still plays a small role here, even the mechanism were there, mindset of many bitcointalk still about getting more bitcoins, not circulating more bitcoins against goods, if bitcoin isn't artificially inflated and couldn't resist pressure then adoption is pretty limited. Its still exicitng to see the small cryptomarket to go mainstream

I don't think so, the volume most probably caused by the increasing demand of bitcoin in Nigeria. The landscape of Nigeria made people looking for solution for their transactions. Actually even poor or small country can make huge volume like that if the many of its citizens in invest in bitcoin. I live in indonesia but the volume can't surpass china's bitcoin trading volume because most of indonesian don't know about bitcoin.

Bitcoin's use in Africa has gained tremendous popularity since its inception. Bitcoin is now popular in most of the countries.
Even in Africa, Bitcoin transactions are being used in many areas. For example, to buy shopping, to purchase various fables, Bitcoin is also used in transferring money.
Bitcoin needs to be applied in all countries like Africa.

Thank You

No wonder they are adopting all cryptocurrency in their market they have been doing this for years the only downside on nigera specifically is i have seen people from nigeria posting that they accept a scam coin named "TBC" i think they should remove  this on their market because as what ive read TBC in nigeria is huge

This is really a good signal for the crypto market when Bitcoin is expanded and used in African countries. This predicts that Bitcoin is developing without borders. The fact that African countries are government Encourage using crypto to reduce the inflation rate such as Zimbabwe. I find this view very smart and wise.

I truly appreciate your way of sharing knowledge. Knowing this, it boosts my confidence that the crypto market can still be bullish. Because we are talking about bitcoin, majority of the coins will follow its trend and it will all be advertised. With that, I remind you to not only trade in bitcoin but also in other altcoins as well.

in my opinion it is a very good step, the African community will prosper if they all join in trading crypto currencies. with the establishment of a company that supports crypto currencies in the African country it will increase the economy in Africa and will reduce poverty.

African countries have come a long way in terms of the distribution and use of Bitcoin and cryptocurrencies in general. Bitcoin is really well suited for those who went to another country to earn money or study because it facilitates the transfer of funds between people in different countries, making them fast, safe, cheap and without limits on the amount of transfer.

Who told you that the Zimbabwean government is trying to encourage the usage of crypto? This is retarded logic. None of the governments around the world are "encouraging" the usage of crypto. If there is any encouragement, it is coming from the crypto-communities and not from the government. Anyway, crypto-usage levels remain quite low in Africa.

Bitcoins need merchants to accept it as a payment method just like we need oxygen to live. More and more merchants we get in the network the more and more we can defeat the physical currency. It's good to know that Africa is contributing some of its Merchants and taking some amount of risk towards virtual currencies.

For now, maybe African countries have not become a potential market for bitcoin trading. But for the future I am sure the African continent will become a potential market, because abundant natural resources will be used for the prosperity of its people.
When people in a country have prospered, it means that the purchasing power of bitcoin will be large because infrastructure such as the internet and the mastery of computer technology will become commonplace.

Africa stands to gain a lot from bitcoin. They may skip the "bank" phase of economic development and move directly into modern cryptocurrency. Perhaps in the same way they skipped landlines as their phone infrastructure developed.

Bitcoin is the last thing that AFricans need, many o them don't even have the technology infrastructure to implement bitcoin payments at stores.  The real problem is the wealth inequality and as long as other countries keep using Africans as cheap labor nothing will change.

It is sure the last thing for majority of them if we are seeing how the technology progress there, but it is an undeniable fact that currency in africa, more specifically minor country inflates really bad that people there will always trying to seek something with means to save wealth, that's why sometimes bitcoin is a lot more expensive there.

it is undoubtedly very good that Africans use cryptocurrencies for different needs.It seems to me that all the methods of using Bitcoin listed by the author of the topic are inherent in all countries.That's just why You did not specify mining?Is this activity not common in Africa?

I think almost all countries except those that prohibit bitcoin, using bitcoin like that, it is very rare that bitcoin is used as a means of payment, only as an investment tool

Yes, I know the fact that the use of Bitcoin has increased in African countries and it is increasing day by day. In the case of shopping, now the cryptocurrency is being used in these countries. The amount of exchange between these countries is increasing day by day. Which is a great achievement for Bitcoin. The whole world is coming under the cryptocurrency day by day.

I think Africa was totally great when we say cryptocurrencies because as you can they allow their community to learn and know what is crypto,for me it brings a big part for community in crypto.

The invention of cryptocurrencies has done more good to the africa continent as they never take the advance Technology Blockchain for granted. Bitcoin has serve as the latest employment opportunity for most youth in Africa as they engage in trading in various ways. Its a good news and development seeing five Africa countries ranked among the top 50 in LocalBitcoins exchange we hope for more adoption.

On the African continent it is very good at taking advantage of technological advancements, including in the area of ​​financial transactions, many Africans are turning to Bitcoin to overcome the limitations of restrictive banking options (money transfers). This is very remarkable in my opinion.

Good for Africa that they are starting using crypto currency in larger sums on the continent, but there is still a long road ahead. African governments are very strict and centralizer, what is a clear signal bitcoin will have issues in being implemented on those countries.
On the other hand, Nigeria is becoming a crypto currency reference in Africa, as most news about adoption are coming from that country. If Nigeria really gets notoriety in crypto space towards Africa, it has great chances in becoming the most influent country of the continent.

There are more usage opportunities of Bitcoin in Africa if the African's will stand in one and accept the cryptocurrency to boost their economy and make them buoyant. Africans' problems are from their ground Fathers, hope they will embrace the technology and move faster with the tech for a better eye opener.   

Massive adoption of cryptocurrency in Africa will be a big boost because of the huge population and its exponential growth but governments of various countries are not supportive of this. Africans need to see digital currencies more as a medium of exchange, where it can be used to purchase commodities other than an investment where you buy at low prices and sell when the price goes up. More awareness campaigns are needed in this regard.

This accusations of yours is uncalled for and wrong in its entirety, how will you classify a country of over 180 mil people as scam loving individuals, Nigerians are hard working people and can fit into any organisation in any country of the world. Our contributions as a country to the worlds economy cannot be over emphasized both in human and mineral resources. Please, its better to treat issue instead of attacking a whole nation.

That being said, Africans no doubt are fast embracing cryptocurrency in their masses. Lots of Africans especially nigerians has taken crypto trading as a means of lively hood

Africa has a large community and the adoption of bitcoin is an important part of economic growth there.
I read African users are the 7th largest internet user in the world. this is the main capital to introduce crypto and develop blockchain technology.

Bitcoin use is growing fast in Africa, and unfortunately where there is money flowing, scammers are also to be found.
There are LOTS of pyramid schemes and scams using bitcoin. Some of them not even using bitcoin, they just have bitcoin in the name, because people are starting to recognise the name and associate it with making money.
At the end of the day, bitcoin is growing in Africa fast, which is good for everyone

Africa is home to some of the fastest growing economies in the world (South Africa, Gabon.etc) and it will be mutually beneficial if Bitcoin establishes a presence in the continent. Also, the African diaspora is rapidly growing and Bitcoin can help them with money transfers and remittance payments. They can trust Bitcoin more than their volatile national currencies.

Africa is a fast rising continent with lot of tech institute bringing in their branches to some specific countries which are massively developing yearly, in as much as lot of people in Africa are still yet to fully understand the main aim behind cryptocurrency, the few ones in it are already making good use of it and spreading awareness in their society. I believe Africa still needs more real time blockchain utilisation to improve the market and the real time usage.

Bitcoin in the country like Africa, we all know that this country is poor and one of non economic country but, many of African people are involve in Bitcoin trading and some of them are investors or holders of coins. They join bounty campaigns and ICO programs so that they can get money if that ICO get successful. Imagine you can get coins by participating and doing the task completely and can earn money like dollars or euros. This is a big help for African people and thanks to Bitcoin cryptocurrency.

Africa being a continent plauged by extreme financial stratification knows cryptocurrency will help alleviate poverty. Nigeria being Africa's most populous country has a lot of individuals seeking alternative sources of income, hence, its high number of cryptocurrency exchanging. Bounty hunting for one has become a rather lucrative source of income there. Not to mention those that are interested in investing long term.

First Africa is not a country instead this is CONTINENT that composed of many countries around that continent
Second Africa is not poor as what you think,maybe it was just being abused and not managed rightfully,but it wasn’t Poor I tell you that

In all that you have mentioned only this is for me is right and truthful
Not only in African people but for the whole world since not only the third world countries are benefiting here but also those big countries though some of him are hypocrites by not accepting that they are making money here by doing what “poor countries “did as they called

this was one of the reasons i invested in crypto in the first place, becuse i was told it was one of satoshis visions to level the playing field with a new currency so africa and other poor continents and countries could invest in something new to get a new chance at getting out of poverty.

I really impressed with Africa and Africa government is very great, because they do accept the bitcoin, it meant, the government want that their people use bitcoin and crypto currency and promote it and in this wise, the other governments will see it and their learnt from Africa and may be and hopefully they will be do something like Africa's government to allow their people to use crypto currency and earn from it. 

I have always believed that African leaders will embrace this new technology. Digitization unlike the 20th century is gaining a deep root in Africa nowadays. This is not Nigeria, Kenya, South Africa and co are not the only countries. I know a country like Ghana which is advancing in the acceptance of bitcoin.

Africa is one of the most suitable to show the effect of cryptocurrencies on the economy

Africans accepts and adopt to things so easily as far as it's useful and beneficial to her citizens..It's lovely to see Nigerians embracing cryptocurrency and topping other African countries towards investment alhough their government is not really in support of it. That's to show you how Nigerians are in support of crypto to excel

Wow! Didn't know about this! I mean it is strange for this continent to have this kind of action but a good thing to know that they did. This will really help them considering their countries didn't have a good condition and having an investment to bitcoin will surely contribute in helping them developed! Happy to see these countries embrace cryptocurrencies! Good luck to them!

Actually, the Africa government has done many projects like an adaptation of the use of cryptocurrency, it's a great opportunity for them to take part in this modern technology and market. Countries from 3rd world countries will learn that cryptocurrency will give a boost to their economy. We should be progressive each year, adaptation on what's the modern should be constant because if there's a huge gap, we the people will suffer into this.

Like now, countries like US and China have different payment systems that we should imitate for us to have transactions and negotiations with other people on different countries that will develop our economy.

Recently I've read an interesting article from Reuters about Bitcoin standing and usability in Africa. A lot of interviewed bitcoin users from the five countries said the cryptocurrency was helping people make their businesses nimbler and more profitable. I think it's great when a digital currency can make your life a little bit easier.

It's cool to see how Africa doesn't stand still and tries new things

Africa's use of bitcoin shoot up up to this year than any other country. Mainly because they use it for buying goods. Also, the cryptocurrency in Africa is legal than what other countries offer that they should ban using crypto because of certain things or maybe personal issues of the government. Africa is one of the poor country all over the world yet they are the ones who are embracing the advancement of technology with cryptocurrency so fast. Meanwhile, in Asia still it is not recommended to use it after all.

yes, this is a phenomenal progress that actually occurs in the crypto field, that a country with a majority of its population is still shrouded in poverty but the development of bitcoin is actually accommodated to be used as a legal medium of exchange. For me it is quite surprising because it is clear that poverty can be guaranteed that there will be a gap away from technology, especially with crypto trading in which there is bitcoin which is used as a legal medium of exchange.

Isn't there anything strange has happened with something like this !!! Obviously, of course very confusing, is bitcoin a legal medium of exchange but its use is of course only limited to people who have a lot of money and we know that in African countries many rich people also come from oil mines such as Nigeria, is this one of the things to make it easier or something? other?
can only ask without anyone being able to know ...

I always see African countries pioneering and and publicizing innovative projects like this. They always impress me with the way they work to make money. Africa 's apparent poverty may have catalyzed this drive of people to succeed which in turn directs them to great ways to earn money such as bitcoin.

Africa is in a much lower position than other countries because most people in Africa are poor their per capita income is so low that it hinders their development. The use of Bitcoin in Africa will improve their country and meet the needs of the poor by tackling their financial problems. The use of bitcoin in Africa to improve the poor is great as the economy improves, they will be able to meet their basic human needs.

I heard African people are confronting neediness and the enormous measure of individuals are powerless and they're looking for somebody to help them, they don't have anything eat and nothing to wear.
If the government makes a move concerning the utilizing of bitcoin, at that point they can improve their economy in a day's.
Bitcoins can improve destitution individuals are procuring more than their compensations with bitcoin, at that point why government not?.
African government ought to acknowledge the bitcoins and use them to improve the economy.

Based on my understanding, Over half of the nations in Africa are considered the poorest in the world than the other six continents around the world because they have a bad government just like in other developing countries. So it might be the reason why it is impossible for the African government to recognize the uses of bitcoin in their country. However, it is still a good thing that most people in Africa are using bitcoin and other cryptocurrencies that they are into with this technology for them to get out of poverty and have a good life.

i don't know where these ideas on Africa and African nations comes from and it seriously amazes me. It feels very insulting to have the notion that the African people have nothing to eat or wear and are constantly in need of help! its very savaging and be littling description that i fined very discomforting. It surprises me still, how little the rest of the world knows of Africa and the African people. All that is to their awareness is that which have been fed to them through movies, African wild life documentary, a piece of literature and some inside Africa headline news; that portrays Africans as a continent with mainly farming, fishing and hunting population, these are done even in the US in both large and small scales.

The Americans have got animal documentary too Wild Alaska, the Russians have got Wild Russia documentary and that doesn't make any of them savages so, why should Africa be any different. The African continent is one of the best in the world for a vacation and still gets lots of tourist still.

The African continent and it's people are way past such savagery stage of human existence. I am an African and a proud one at that along with my people. We might be a developing world but then its a transition that could have been better and speedy should there be little or no corruption amongst its political ranks. That's the major problem of Africa, not what to eat or wear. The African people have got labor force and raw materials for exploitation but the policies that exists in African nations has made us a more consuming population rather than a producing one. The only thing we often produce are raw materials that comes back to us as finished products. For this reason, Africa has become more of a global market for dump of finished products and exportation of raw materials. Its all in the corrupt practices.

Looking at the bitcoin or cryptocurrency statistics presented in OP, showcasing African as one of the leading population in crypto acceptance and investment only shows how way past the African continent is way past a savagery existence and are speedily catching up with the rest of the world. It might seem slow but, Africa and Africans will catch up some day.

kind Regards
Smartvirus

In a continent where mobile money is already widely used, virtual currency provides benefits to a young, tech-savvy population. Africa is in a good position to benefit from the bitcoin explosion. It is home to an increasing number of flexible young professionals and aspiring entrepreneurs.

Nigeria, Africa's largest economy, ranked number one for 'countries that use cryptocurrencies the most'. This was while the country plunged deep into a recession in 2020.

In fact, the trade volume of Bitcoin in Nigeria from 2020 reached 400 million U.S. dollars, which is just 20 million below Russia’s 420 million. Sadly, the sub-Saharan African country’s government clamped down on cryptocurrency exchanges, with an indefinite ban on cryptocurrency exchange operations across the country.

Also, in another exciting state, Kenya was ranked the 5th nation in the world with the most cryptocurrency adoption from 2020. In that ranking, Kenya came right behind China and ahead of the United States. South Africa also came 7th on the list.

Beyond Africa, cryptocurrency adoption and trade volume has been relatively bullish in parts of the world with oppressive economic regimes reign, which leaves the people from those parts of the world in doubt of their economy. Many believe this to be a big motivating factor in the growth of cryptocurrency in places like Africa and even Latin America.

For instance, in another analysis of Nigeria’s Crypto phenomenon, high cost in transactions, along with a huge arbitrage in diaspora remittances, all account for the country’s switch to cryptocurrency.

The usage rate of Bitcoin has slowly increased, but the usage rate in Africa is higher than that in other places.
Large countries generally advocate the use of their own currency. If all bitcoins are used, it will cause inflation in the country, so the use of bitcoins in other regions is not very high.
Everyone just invests more in Bitcoin.

Africa can become the prefect playground of cryptocurrency. I could list out several factors, such as inadequate banking coverage, huge middle-men commissions on remittance transfers.etc. IMO, they need a trigger. Here in India, the trigger came in the form of demonetization exercise of November 2016. A lot of people found that they are unable to use a large part of their unaccounted funds. Those who kept their funds in physical cash, due to distrust of banks were most affected. Immediately there was a huge spike in P2P platforms from India. The trade volumes went up by 10-20 times in a month. And the userbase has increased in India ever since that incident. I guess in Africa also, they need something similar.

The increase of Crypto currency in Africa is growing vastly, the African's actually do not take chances,so this is a great opportunity for them  to achieve great fortune.
Despite the banned in some African countries and the government trying to hoard Information about Crypto currency,it has grown massively over the years.

- This hot African land devotes their energies only to minerals and can call raw minerals a typical African brand, except for these rare things, it does not promise an economic potential for the use of bitcoin and crypto, especially the resident element, they seem to be born to be people who seek resources and aspire to get rich on their land. However, the government and the law here as far as I understand they are not rigid and somewhat flexible in terms of opportunity as well as the possibility of delinquency, a primitive environment for the use of bitcoin if the inhabitants of Africa are well integrated

The aim of the development of Bitcoin is to reduce the stress that is being undergo in the banking system for one to get money out and in of the bank. The aim of Bitcoin is to make transactions more easier for traders and investors to carry out as the same time been anonymous. If African tend to adopt Bitcoin faster than other region of the world with good reasons, then that's good for them and there is need for more acceptance of Bitcoin into the business sector.

Africans sees any glooming opportunity as a source of investment this has made crypto currency use in Africa a means of passive income for Africans other than a means of transaction for which it was meant for this is solely due to poor economic growth of this African countries so people device alternative means to survive. But in all it's good to note Africans aren't left behind in this era of digital monetary transactions disregarding how it's been spent or use provided the essence of it's development is not abused

Nigeria is leading the baton to crypto adoption in Africa. Nigerians are interested in cryptocurrency, despite the challenges we face in the country. We are innovative, Nigerians have even got our own crypto....cryptocurrencies created by Nigerians not CBDC. Example is Tatcoin created by Gaius Chibueze aka Bitcoin chief; HaggleX coin created by Samuel Joseph, also a Nigerian born and bred. These are a few examples to show the development of crypto industry in Nigeria.

Too bad that they're government doesn't support crypto not knowing that they're the biggest in the African continent in terms of crypto adoption. I hope that that stance against crypto will change someday and hopefully they will be able to get the benefits out of supporting crypto instead of just outright opposing it.

True the government isn’t supporting the crypto industry in Nigeria but they are not condemning it either. Fintech  companies are supporting the Nigerian government by providing jobs for youths, empowerment programs, sponsoring tv shows like Big brother Nigeria (BBN)...Patricia is a proud sponsor of that show, let’s not forget the COVID-19 project by one of our own CryptopreneurBrainboss who made a mission to feed 50+ families in Nigeria.

I'm happy that they're getting the benefits too, out of all the continents there is, they have the most problem, with some countries in the continent having different problems and a lot of problem with resources. They're the people that needs this the most.

Development of digital currency during this time can be of great benefit to the citizens of Africa which is also at the process of development. Addressing the infrastructure problems is one of the steps to make Africa better since infrastructures connect and build opportunities. However, i think there is much larger issue that needs to be resolved such as addressing the needs of the citizens which is having the basic necessities they need in order to survive.

Africa is rich in natural resources but despite this, this continent is still considered to be one of the poorest countries in the world. If only they would know how to utilize the resources they have, they would improve for sure. What they need to do is to make use of what they have in a good manner and eliminate corrupt and close minded politicians. The officials should be strategic and open minded about cryptocurrencies so that the citizens can make use of all the opportunities it offer. Of course, the legality of crypto in a country is still in the hands of the officials. If they aren't against it, the citizens can enjoy the limitless possibilities and opportunities without the fear of being looked after by the law.