According to a recent report, Africa’s lack of traditional financial infrastructure makes the region fertile ground for cryptocurrency adoption.
A recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely.
The report — shared with Cointelegraph by a Luno representative on May 27 — sheds light on Africa’s financial infrastructure and the role that cryptocurrencies play in it.
The author of the research, which was jointly conducted by market analysis firm Arcane Research and crypto exchange, Luno, wrote that the financial landscape seen on the continent plays a role in forming appetite for crypto in Africa:
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https://cointelegraph.com/news/bitcoin-may-be-the-solution-to-africas-broken-financial-system