While the news coming from Africa seem to predict positive developments
for the crypto expansion there, not all of this continent can be said to hold the same level of interest in the crypto technologies. Countries like Zimbabwe have faced long-term economic crisis, prompting its citizens to jump on the crypto bandwagon and adopt these currencies as a superior option compared to the local fiat currencies.
The reason for this is the fact that some of these currencies are plagued with chronic hyperinflation which takes the toll on the trading and financial sectors in these countries. In Zimbabwe, for example, the general interest in cryptos managed to draw even some supporters from the government ranks
who call for the adoption of the regulations emulating those found in Switzerland.