[WATCH] Why Kenya Leads Globally in P2P Crypto Trading – A Report by Voice of America (VoA)

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The recent 2021 report by Chainalysis ranked Kenya as the leading country globally when it comes to peer-to-peer crypto trading.

BitKE recent spoke to Voice of America to to discuss why Kenya leads in P2P crypto adoption and what is behind this massive growth.

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SEE ALSO: 3 Reasons Why Kenya Leads the World in Peer-2-Peer Bitcoin and Crypto Usage

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The video features the following:

  • Tony Mwongera – Business owner that accepts cryptocurrencies for payment
  • Michael Kimani – Blockchain analyst
  • David Gitonga – BitKE Managing Editor

Some of the aspects driving crypto trading and adoption in Kenya include:

  • Remittances – Accounts for 3% of Kenya’s GDP
  • Store of value – The Kenya shilling has lost 10% of its value since 2020
  • MPESA – Over half of the population uses the MPESA mobile money service

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RECOMMENDED READING: [WATCH] First Health Spa in Nairobi to Accept Bitcoin and Dash

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