Africa’s Crypto Future Brightens as Blockchain.com Expands
Blockchain.com is making a big move into Africa’s crypto market. The company sees potential in countries like Nigeria, Ghana, Kenya, and South Africa. They plan to open an office in Nigeria this year.
nigeria is Blockchain.com’s fastest-growing market in West Africa. The country has taken steps to create a clear framework for crypto.This includes a new investment law that allows licensing for crypto exchanges.
Other African nations are also changing their approach to crypto. Ghana may introduce rules soon. Kenya is still studying how to oversee crypto. South Africa is leading the charge in crypto adoption.
A report by the Financial Sector Conduct Authority highlights growing opportunities in South Africa’s decentralized finance sector. While still small globally, South Africa’s DeFi market is expanding quickly. The total value locked exceeds $27 million, with projections reaching $180 million by 2028.
payments remain the most common use case, followed by lending/borrowing and decentralized exchanges. This shows the potential for crypto in Africa’s financial future.
