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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Getting Started with Cryptocurrencies: FREE Mini-Guide
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