Crypto Adoption in Sub-Saharan Africa Accelerates

[chainsniff]

Data from Chainalysis supports Masie’s observations. From July 2024 to June 2025, Sub-Saharan Africa received over $205 billion in onchain value, a 52% year-on-year increase, making it the third-fastest growing crypto region globally. Retail-driven transfers under $10,000 accounted for more than 8% of total activity, compared with about 6% globally.

Institutional adoption is also growing, with multimillion-dollar stablecoin flows used for cross-border trade between Africa, the Middle East, and Asia. Former UN Under-Secretary-General Vera Songwe highlighted that stablecoins are becoming a cheaper alternative for remittances, especially in countries where traditional transfers cost $6 per $100 sent and inflation exceeds 20%. These developments underscore Bitcoin and stablecoins’ dual role as both payment rails and stores of value in African markets facing currency instability.

[cryptobro]

cross-border flows between africa, middle east, and asia turning crypto into practical plumbing