Kenya ranks as the top African country in crypto adoption
Research conducted by the United Nations revealed that 8.5% or around 4.25 million people in Kenya owned cryptocurrencies. The country is leading the African continent in cryptocurrency adoption despite lacking a supervisory environment. 8.5% of the Kenyan population owns crypto Kenya is one of the leading technology and innovation hubs in Africa. Over the years, the level of cryptocurrency adoption in the country has surged significantly. The country’s journey towards crypto adoption peaked in 2020 during the COVID pandemic as citizens turned towards crypto amid fears of a depreciating fiat. A report by the United Nations now shows that the interest of Kenyans in cryptocurrencies has increased post-pandemic, and it now has the largest number of HODLers in Africa. The UN report showed that 8.5% of Kenya’s population owned crypto. South Africa came in second, with 7.1% of its population owning crypto, while in Nigeria, 6.3% held digital assets. Buy Bitcoin Now Y...