While often featured in the news for its economic prospects or troubles, Africa still has to earn its rightful place on the global cryptoverse map, at least in the segment of the media coverage. Thankfully, the cryptocurrency scene there is alive and well thanks to the countries such as South Africa, Uganda and Kenya which are leading the charge.
One of examples is the all-African project launched in Kenya as an idea to use cryptocurrencies to spur the development of micro and small businesses in sub-Saharan Africa. This is to be done with the help of tokenized bonds issues by 4G Capital company from Kenya.
At the same time, South Africa is a home of Paxful, a leading peer-to-peer cryptocurrency marketplace whose executives report that the interest in crypto trading is on the rise across the continent, particularly among the younger and educated population. The African governments are not sitting idly either, at least in Zimbabwe, whose finance minister has called for the adoption of progressive crypto regulations in this country akin to those found in Switzerland.