@BOMBERuss 21 March 2022 more from that month

The other day, the popular #cryptocurrency exchange #KuCoin published a financial report for 2021. The document aroused great interest among analysts and the media, who, among other things, drew attention to the significant growth of crypto transactions on the part of African users. The exchange's report indicates that over the past year, traders from some countries of the aforementioned continent have made a huge number of transactions related to digital assets. If we rely on the figures spelled out in the document, the number of transactions in 2021 increased by almost 2500% compared to 2020. Johnny Liu, CEO of KuCoin, has already commented on the report that aroused great interest in the press. "The process of adoption of digital assets in African countries will accelerate exponentially every day. Our report is irrefutable proof of that. To date, Africa is significantly ahead of #Europe and the United States in terms of the speed of implementation of crypto technologies," the man said in an interview with the business publication Cointelegraph. A significant increase in the number of crypto transactions was also commented on by the founder of the #Bitcoin Senegal platform, known under the pseudonym "Nuru". "Remember and analyze how cars and mobile phones began to appear in #Africa. If the process of implementing something has already begun, then it cannot be stopped. The KuCoin report shows a multi-thousandth percent growth in transactions involving digital assets, which means that this indicator will only continue to increase over the next few years," the statement said. In this context, it is worth focusing readers' attention on the fact that almost 90% of the number of transactions made are international. Thus, it is not difficult to assume that digital assets have become an indispensable tool for African users when conducting cross-border transactions. "This is quite obvious and expected, because MTC transfers have long been characterized by very low fees, relative anonymity and speed," the analysts summed up.