Crypto Is Quietly Thriving in Sub-Saharan Africa: Chainalysis Report

“We don’t have big, institutional-level traders in Sub-Saharan Africa,” Adedeji Owonibi, founder of Nigeria-based blockchain consulting company and product studio Convexity, said in an interview with Chainalysis. “The people driving the market here are retail. Nigeria has a ton of highly educated young graduates with high unemployment rates, no jobs available – crypto to them is a rescue. It’s a way to feed their family.”

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