Bitcoin adoption in Africa is surging, with over 110 businesses across 18 countries now actively using the cryptocurrency. An African Bitcoiners report shows a 16% increase in Bitcoin organizations established in Q3 2024 compared to Q2. Notably, Tanzania and Malawi joined the growing list of African nations with Bitcoin activity.
NEW: Over 110 businesses are now building on #Bitcoin in Africa.
The Bitcoin continent 🚀 pic.twitter.com/mLw5WoAiWS
— Bitcoin Magazine (@BitcoinMagazine) August 30, 2024
Nigeria leads the pack with the most diverse Bitcoin activity, encompassing media, mining, businesses, and educational initiatives. Examples include Bitcoin in Nigeria Media, Suga Mines, Bitdews Lagos, and Bitcoin Pidgin.
South Africa boasts a strong presence with business initiatives like Pick n Pay and community engagement projects like Bitcoin Stellenbosch. The Simply Sow Foundation strengthens South Africa’s media representation.
Kenya and Ghana also show significant engagement with Bitcoin businesses, educational programs, and tech meetups. Zambia, Zimbabwe, and Uganda have notable initiatives utilizing Bitcoin for daily transactions. Projects like Victoria Falls and Bitcoin Kampala highlight efforts to increase adoption and education.
Sub-Saharan Africa remains the most active region. West Africa (Nigeria, Ghana, Côte d’Ivoire) has a high concentration of business, media, and educational activity. East Africa (Kenya, Uganda, Tanzania) focuses on business innovation and education. Southern Africa (South Africa, Zambia, Zimbabwe) is involved in business, tech meetups, and infrastructure development.
Central and North Africa (DR Congo, Cameroon) are gradually building community-based Bitcoin initiatives. Several organizations operate across multiple countries, promoting collaborative adoption and education efforts. Examples include Peach Bitcoin Africa, The Bitcoin Foundation, and Africa Free Routing.
Africa’s Bitcoin ecosystem is thriving, with significant progress across the continent, especially Sub-Saharan Africa. The collaborative approach is fueling Bitcoin’s growth and adoption in Africa.
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