Africa has become the leader when it comes to Crypto adoption and that even after their own crypto crackdowns. We should learn from them how to use Crypto right.

Even as we had this large and brutal bear market that stretched over a year now, the actual Crypto adoptions has been flourishing meanwhile as companies and governments all around the world started to integrate Crypto into their systems and especially many people got to see how important Crypto actually is after their own currencies hyper-inflated, which happened all around the world.

Especially Africa is coming out as the world leader in Crypto adoption as the bear market did not influence their pace of adoption at all but instead even accelerated it. One big example may be one of the biggest developing countries, Nigeria. Just recently they released their own CBDC which got a lot of critic and nearly no one used it. This is why their government had to even limit ATM cash-outs to get people to actually use their CBDC. But that did not work:

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Picture from DocumentingBTC

Instead Nigeria is seemingly adopting Crypto even more, as we can see their google searches for “buy bitcoin“ are going to new ATHs, showing a lot of people starting to enter the Crypto markets and googling how they can buy it. But Nigeria is not the only African country where adoption is sky-rocketing.

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P2P transaction share in Africa from Bloomberg

Here we can see how Africa is adopting Crypto in the RIGHT WAY. Meaning that they are not using just centralized exchanges but using it as Satoshi Nakamoto has intended, without a middle man. They are actually doing Person to Person transaction on sited such as Paxful. This is the right crypto adoption and the one I would love to see taking off even outside of Africa.