Why do people buy bitcoin in West Africa?

Well, it’s because, in the West, we buy Bitcoin through exchanges; a select few individuals buy peer-to-peer, and a tiny slither of Bitcoin enthusiasts actually earn Bitcoin. In West Africa, it’s very hard to get your hands on the coin. Worse still, it’s very hard to secure Bitcoin.

What are the fastest growing bitcoin ecosystems in Africa?

The fastest Bitcoin ecosystem growth and development in Africa is concentrated in five core countries: Nigeria, South Africa, Kenya, Botswana and Morocco. Nigeria leads Africa in peer-to-peer trading volume. In 2020, Nigeria was ranked among the top two countries in the world on Paxful’s platform with a volume of $566 million.

What is the bitcoin ecosystem in Africa?

In the context of the continent of Africa, the Bitcoin ecosystem is a nascent but promising network of peer-to-peer and traditional Bitcoin exchange platforms, community educators, investors, Bitcoin core developers, entrepreneurs and enthusiasts, working in concert in pursuit of an African Bitcoin standard.