Data analysis by cryptocurrency Exchange, Paxful suggests that the bearish cryptocurrency market of 2018 has not slowed down the adoption of cryptocurrencies in Africa, as may have been expected.
Paxful reported that Africans account for the largest number of new monthly subscribers on its platform.
Transactions carried out on the platform in 2018 in South Africa rose by 25%, while in Nigeria it rose by Nigeria 60% . Other parts of the African continent experienced increases of up to 100%. Within a year, Africa has experienced 225% growth in users.