"Ripple noted that Africa's digital asset moment is here, with over $205 billion in on-chain value and a remarkable 52% year-over-year growth, indicating strong capital inflows."
"The region has shown a robust adoption of new technologies to tackle financial challenges, leading the world in mobile money usage, which constitutes 70% of the $1 trillion global market."
"In Sub-Saharan Africa, the percentage of adults with mobile money accounts surged from 27% in 2021 to 40% in 2024, with a significant portion relying exclusively on mobile money."
"Countries like South Africa, Nigeria, Kenya, and Mauritius are advancing towards comprehensive crypto frameworks, with clear regulations fostering innovation and institutional interest."
Ripple reported significant growth in Africa's digital asset market, highlighting over $205 billion in on-chain value and a 52% year-over-year increase. The region is outpacing global crypto markets, driven by real-world financial usage. Countries like South Africa, Nigeria, Kenya, and Mauritius are developing comprehensive crypto regulations. Africa leads in mobile money usage, accounting for 70% of the global market. The number of adults with mobile money accounts in Sub-Saharan Africa increased from 27% to 40% between 2021 and 2024, with many relying solely on mobile money for financial access.
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