UNDERSTANDING CRYPTO IN AFRICA

Summary from the TLDR Crypto newsletter

The author of this article took a nine-day trip to Kenya and Nigeria and recorded his observations on the crypto scene there. The people he met in the meetups he went to demonstrated interest in receiving payment via cryptocurrency, specifically stablecoins like USDT. The Binance P2P marketplace was a widely popular platform amongst locals to swap to and from their native currencies. It seems that Africa is ripe for even more crypto adoption as it offers a sense of stability and empowerment that many Africans do not have with their local currencies.