Decentralization in Focus as Crypto Adoption Permeates Africa

After battling decades of socioeconomic problems, the African continent has found new hope in cryptocurrencies. It is the second-largest continent by size, yet more than 57% of the general population remains unbanked. However, despite being relatively small economies, African countries like Kenya, Nigeria, Zambia, Tanzania, Ghana, and South Africa currently rank among the top 20 countries in the Global Crypto Adoption Index. Many projects across Africa are already leveraging blockchain technology, and cryptocurrencies to enable the general population to participate in the ongoing decentralized finance (DeFi) movement.