We Have Seen 10x Growth in Kenya and Double-Digit Monthly Percentage Growth in Key African Markets in 2020, Says CEO of LocalCryptos

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LocalCryptos, a P2P crypto platform in Kenya and Africa, has seen 10x growth in 2020 in Kenya alone and continues to hit new trading heights in key African markets every week.

Since March, when BitcoinKE reported on numbers, Kenya is now the third most popular country on LocalCryptos by weekly trade count, up from being the top 5.

SEE ALSO:ย LocalCryptos, the P2P Crypto Marketplace, Adds 4 Mobile Payment Methods to Buy Crypto in Africa

While Kenya has no doubt seen impressive growth since 2020, the company says other Key African markets have also experienced remarkable growth.

In an exclusive with BitcoinKE, Michael Foster, CEO, LocalCryptos, said:

“Since adding new African mobile money payment methods including Chipper Cash, Airtel Money, MTN Mobile Money, and EcoCash, we are seeing consistent double-digit percentage growth every month in key African markets.

In Nigeria, there has been an increase in trades by 300% since the start of 2020. We have also seen new highs in Ghana, South Africa, Uganda, and more.” ~ CEO, LocalCryptos

In order to enhance its built-in non-custodial crypto wallet and offer users greater control, LocalCryptos has announced an integration with ChangeNOW which enables its users to instantenously exchange or swap one crypto to another directly via its web wallet.

Wallet users will now sport a new ‘Swap’ feature. To use the service:

  • Open your LocalCryptos wallet
  • Select the crypto you want to swap and receive – For example, Ethereum for Bitcoin
  • Enter the amount you want to swap
  • Confirm the live exchange rate

Talking about the new service, Michael said:

โ€œLocalCryptos delivers a peer-to-peer bridge between fiat worlds and crypto worlds, but until today those bridges were isolated for each crypto. With our integration with ChangeNOW, LocalCryptos has finally joined its crypto worlds together and completed the circuit for crypto trading. Not only can users now trade fiat to their crypto of choice, they can swap between cryptos all within the LocalCryptos platform โ€“ giving users even more control of their financial freedom.
By adding a crypto-to-crypto swap feature, we’re providing more choices to African crypto traders and connecting our three peer-to-peer crypto markets togetherย โ€” ETH, BTC, and LTC.” ~ CEO, LocalCryptos

 

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