Crypto adoption is surging in Africa, with Coinbase, Bitget, and DeFi growth making headlines:
South Africa: Bitget Supports Rand Payments
Bitget has partnered with Call Pay to enable Rand payments for crypto transactions, aiming to expand in emerging markets. South Africa’s DeFi sector is also projected to grow to $180M in three years, with $97B already locked in DeFi protocols globally.
Nigeria: Coinbase Expands, Government Sues Binance
Coinbase has teamed up with Onboard Global to introduce peer-to-peer (P2P) payments in Nigeria. Meanwhile, the Nigerian government is suing Binance for $81B, accusing it of tax violations and contributing to Naira devaluation.
“Nigeria is a fertile ground for crypto adoption due to its unstable currency and informal economy,” – Industry analysts.
Morocco: Crypto Thrives Despite Ban
Despite a 2017 crypto ban, 6M Moroccans own crypto, according to HelloSafe. With a large informal economy, enforcing a full ban remains difficult, possibly pushing the government to reconsider its stance.
Discover more from DiutoCoinNews
Subscribe to get the latest posts sent to your email.
