You may be right because there are no enough job available for Africans both online and offline so they are easily moved or motivated to try out ways that has been proven to be profitable and reliable. Lots of people invested in cryptocurrency because they have seen their friends making money by taking the risk to invest in a very short time especially last year when cryptocurrencies had bull run all through.
In coming years , African countries will be the top countries with cryptocurrency trading and knowledge because they were among the early adopters of the method. If the world should adopt cryptocurrency , Africa won't have issues understanding and using. Africa just need to build their own exchange site.
You are absolutely right I think the only challenge African is having currently is the fact that we are not dominating or having strong influence in the cryptic currency Market such that our decision from the continent will have impact in the market though if most countries in the region has adopted cryptocurrencies we might be more powerful than China.
That's very correct and facts mostly every month the trading volume in peer-to-peer transactions keeps rising Africa it is very likely that it may take long time for most African countries will begin to fully participate or integrate cryptocurrency. I also believe that the bearish moment and the cryptocurrency market makes most of the countries to be discourage considering the volatile nature of cryptocurrency.
P2P volume certainly would rise in Africa countries due to the fact that a lot of them has not accepted crypto currency so the only method left for traders and investors is P2P ...just hope with time they will come to terms that crypto currency should be accepted and not banned
The modern or advanced countries already have stable and advanced economy that they can use to test run new technological innovations unlike the other smaller or less developed countries , though ban is not an option in the current digital realities but a careful under study of how the countries can regulate and key into cryptocurrencies safely should be their focus.
You are right, Nigeria is driving force in Africa ,if the country could legalize cryptocurrencies the trading volume will be much higher because people will be free to trade,invest and stake conviniently. Africans needs financial freedom and ways to make money out of the traditional ways of working 8 hours daily with little peanut as salary.
