DURBAN - While much of the recent crypto-related news headlines have focused on the fluctuating Bitcoin price, the interest in Bitcoin in Africa has continued to grow at a rapid pace.
Paxful, a global cryptocurrency-marketplace, reports that its total number of transactions from African consumers has risen to around R948 million per month.
Africa now has the highest number of new subscribers to the portal per month.
The appetite for cryptocurrency is widespread. Over the past year, transactions on the Paxful platform from South Africa has grown by 25 percent, there has been a 60 percent growth in Nigeria and by up to 100 percent in other parts of the continent. For Africa as a whole, Paxful has seen a 225 percent increase in users in the last 12 months.
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