Africa has emerged as the region with the highest growth in P2P Bitcoin trading volume over the past six months, with nations on the continent experiencing 15%-30% expansion in the trade during the period, according to analytics website UsefulTulips.

Fast Facts:

  • By comparison, North America saw an 18% decline over the same period, and Australasia saw a 20% decline.
  • Sub-Saharan Africa saw trading volume of US$17 million in May — up roughly 50% from the same month last year. North African countries showed significantly lower figures, however, with less than US$1 million traded over the period.
  • Tanzanian President Samia Suluhu Hassan gave a speech on Sunday in which she urged her country’s central bank to prepare for a global economy in which digital currencies played an increasing role. That followed a recent announcement that Nigeria may launch a central bank digital currency by the end of 2021.