Africa has witnessed remarkable growth in cryptocurrency adoption, fueled by rising investments and individual interest. According to Chainalysis, Sub-Saharan Africa contributed 2.7% to the global crypto economy’s transaction volume, with an estimated on-chain value of USD 125 billion in the past year. Diverse uses of cryptocurrencies, such as business payments, inflation hedging, and smaller transactions, drive this surge. Nigeria leads the continent, receiving approximately USD 59 billion in crypto value from mid-2023 to mid-2024, despite government crackdowns on its use. These crackdowns, which primarily involve regulatory measures to control the use of cryptocurrencies, have not dampened the population’s interest in crypto. In fact, some reports show that 33% of the population in Nigeria invests in cryptocurrency, indicating the growing momentum of this trend. Other African nations are also beginning to recognize the potential benefits of digital assets, showcasing a broader trend toward crypto adoption.