Crypto struggles for legitimacy in Africa despite growing use ...Middle East

Cryptomania is sweeping the continent faster than anywhere in the world, with transaction volumes growing by 1,200% between July 2020 and 2021, according to Chainalysis, a blockchain data platform. In Nigeria, Africa’s largest economy, one in three people have already reported using crypto, making it one of the largest crypto market by users worldwide.Last year, Kenya was ranked top globally in terms of peer to peer crypto trade, while Nigeria saw a meteoric rise in crypto use despite a ban. In Africa, the rapid adoption rates are being fueled by a young population that views virtual currencies as a safer counterbalance to their over-inflated fiat currencies.But the old guard is not jumping

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