USING CRYPTO CURRENCIES IN AFRICA

Cryptocurrency transactions in Africa are increasing. Virtual currency offers advantages for a young, tech-savvy population on a continent that already embraces mobile money.

Monthly cryptocurrency transfers to and from Africa of under ten thousand dollars- typically made by individuals and small businesses - jumped more than fifty-five percent last year to reach $316 million, according to data from the U.S. blockchain research firm chainalysis.

From Washington, DC, I am joined by Mussie Haile, CEO, and founder of Moya Technologies Inc, and Balaji Onibudo, Founder and President of Xendbit, a fintech company based in Lagos, Nigeria.