The state of cryptocurrency in Africa on times of COVID-19.

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Avatar for alberdioni8406
3 years ago

The cryptocurrency state in Africa, a continent of more than 1 billion souls have been increasing and due to COVID-19 even got more expansive for many reasons, most of them related to high rate of unemployment and massive firing on the traditional sector of jobs, who took Africans to look for more ways to make income.

This income could only found online, main one due to lock down caused by quarantine in various countries around the world. The traffic on web and paid only by cryptocurrency, who somehow made more popular other coins different than Bitcoin, the most popular and most valuable asset on the continent, basically Africa is maximalist on Bitcoin but due to COVID-19 more cryptos have gained terrain in Africa.

The run to make online income on internet opened space to more knowledge in the crypto field which made more africans to be aware about different kinds of decentralized assets, tools such Brave Browser became known and many young people start using it to surf the web and earn BAT tokens for watching non intrusive ads, the income generated by this blockchain tool helped and still help to pay some immediate bills.

Not only Brave became popular on the continent but also social media platforms who pays using crypto are popular among the youth population in the african continent, platforms such Uptrennd have a lot of members who besides using centralised sites like Facebook, where only spend money in data bundle for their publications, create online articles that pay off for their time on the platform.

Pandemic times caused by COVID-19, changed the way people deal with crypto in Africa, despite starting with Bitcoin as main asset on the continent now more crypto currency are being adopted and used in daily basis, coins such Bitcoin Cash have been increasing adoption in countries such Nigeria and Kenya, Ethereum (ETH) have also gained some fans in many parts of Africa.

I believe that cryptocurrency is on permanent growth, despite being early to say adoption in mass scale is ongoing because saying that I will have to assume that many countries around Africa have knowledge about them which isn't true at all, few of them are highly going to the right direction but many still on shadows about decentralized assets, but this few (Nigeria, South Africa, Kenya...) are seriously considering have cryptocurrency in they society.

I strong believe that in years to come cryptocurrency will have a marvelous market in Africa and the continent may become a hotspot in the crypto field.

Stay tuned for more exciting topics, download Brave Browser to earn BAT tokens for watching non intrusive ads, subscribe for more updates from crypto field.

Take care.

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3 years ago

Comments

Good job to you

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3 years ago

well done bro!!

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3 years ago

It is cool to discvover crypto is gaining momentum in Nigeria, Kenya, and South Africa.

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3 years ago