Kenya is one of the more prominent places on the African crypto map. With its younger population being described as having huge interest in crypto payments and digital tokens, it is no wonder that even the Kenyan authorities push for the replacement of cash with tokens in that country. At the same time, Kenyans are reported to be the fifth largest bitcoin holders per capita in the world, according to the Citibank report from 2018.
The developments related to crypto and blockchain are gaining momentum in Kenya and this is also confirmed by the fact that this country was one of the first in Africa to introduce Bitcoin ATM which was installed in Nairobi. At the same time, this city is a home to Boxlight Electronics company which aims to become the first vendor to accept crypto payments in Kenya.