Chris Maurice, founder and CEO of Africa’s largest crypto exchange, Yellow Card, said cryptotechnology is more useful in Africa than in any other part of the world.<br
“Crypto-assets address the problems of imperfect banking and the volatility of national currencies on the continent. This is not a casino, as sometimes happens in the West,” Maurice said.
He added that the most common uses of digital assets in Africa have been cross-border payments, sending money to families, and savings;
In addition, according to the head of Yellow Card, the possibility of blockchain adoption in Africa is much higher because there are more investors willing to invest in digital assets in that region than in Europe or North America.
Earlier, venture capital firm Venom Foundation announced a strategic partnership with the Kenyan government to create a pan-African blockchain hub.<br