South Africa Kenya Nigeria Africa bitcoin Blockchain South Africa Kenya Nigeria

Cryptocurrencies are gaining ground across Africa. That’s both good news and bad

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theconversation.com

Cryptocurrencies have become popular in African and other developing countries. That’s according to a policy brief released recently by UNCTAD, a United Nations agency.

Significant proportions of Kenya (8.5%), South Africa (7.1%) and Nigeria’s (6.3%) populations are using these digital currencies.

In June, the Central African Republic adopted bitcoin as a legal tender. The report warns that widespread use of unregulated digital currencies poses danger to the continent’s financial system.

Read more on theconversation.com
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