Why Bitcoin is a popular means of payment in Africa

Originally designed as a means of payment, many use Bitcoin only as an object of speculation. Not so in some countries in Africa.
Chainalysis has now observed traffic and trading patterns related to crypto transactions. It turned out that Bitcoin in particular is used as a means of payment in some African countries.
As Chainalysis claims to have found out, the volume of monthly Bitcoin transfers under $ 10,000 to and from the African continent grew to a total of $ 360 million in June 2020. This …

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