Interest in Bitcoin is increasing in South Africa and Uganda, and banks all over the continent are fighting against the rush to cryptocurrencies.
The year started with great promise for the cryptocurrency in Africa, and gains were made in South Africa, Nigeria, Kenya, Ghana, Zimbabwe, and Uganda.
The African crypto space is still strong, with Bittrex and VALR partnering on a new exchange, and Veritaseum expanding their offers.
It’s an interesting week for the cryptocurrency space in Africa this week. The continent has seen more governments profess their support for cryptos publicly, while others are planning to create a regulatory framework for the market.
Africa has experienced significant growth of cryptocurrency-related activities, and more countries are opening up their doors to crypto innovations and investments.
International crypto exchange Binance announced on October 15 the launch of its fiat-to-crypto service in Uganda.
In recent months, South Africa has appeared to be on the lead when it comes to adopting the new technology, with Uganda recently joining the crypto party. Now, the crypto gathering in Africa finds a new member—Kenya.