Business and Technology Reporter in Nairobi, Kenya
Nation Media Group
Majority of Africans in the crypto scene use cryptocurrencies for economic and commercial purposes, deviating from the trend observed in developed markets, where crypto assets are mainly used to diversify portfolios.
Trends indicate that many African youths that are unemployed or lacking economic opportunities are turning to cryptocurrencies to build and preserve wealth, while in other countries, such digital assets are used only to multiply existing wealth.
