African Blockchain Alliance Projects 50% Growth in Africa’s Crypto Market by 2025

February 5, 2024

2 minutes read

The African Blockchain Alliance today released a detailed market report predicting a potential 50% expansion in Africa’s cryptocurrency sector by 2025. The report, a product of extensive analysis of crypto use across the continent, highlights how remittances and decentralized finance (DeFi) applications are expected to drive this growth, catering to Africa’s financially underserved populations and addressing limitations within traditional banking systems.

Africa’s youthful demographic, with over 60% of its population under 25, is a key factor in the expected growth. Young, tech-savvy Africans are embracing cryptocurrencies as a means of accessing financial services otherwise restricted by traditional banking infrastructure. With mobile-based financial solutions and decentralized platforms, crypto offers an alternative for cross-border remittances, investment, and payment solutions that align with the continent’s unique economic needs.

Additionally, remittances from Africans abroad have been rising, with a substantial portion flowing through crypto channels, which are often faster and less costly than traditional options. DeFi services are also gaining traction, offering borrowing, lending, and savings options without requiring a bank account, which appeals to the 60% of sub-Saharan Africa’s population currently lacking access to traditional banking.

While the report remains optimistic, it notes the need for regulatory clarity and infrastructure tailored to local users. Countries like Nigeria and Kenya, which have seen strong grassroots adoption of crypto, exemplify both the sector’s potential and the need for governments to provide frameworks that safeguard users while encouraging innovation. As African nations refine their regulatory approaches, the report forecasts that more countries will adopt crypto-friendly policies to tap into the growing demand for digital assets.

This report adds to the growing consensus that Africa is poised for a significant surge in crypto adoption, driven by practical applications in finance and remittances and a young, motivated user base. With these factors combined, the African Blockchain Alliance believes the continent will play a central role in the global crypto ecosystem in the coming years.

Meta Description:

Share:
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Related Links

Senegal

Senegal Sees Economic Integration Push at WAVES Summit

Senegal is taking center stage in West Africa’s economic integration efforts with the upcoming WAVES ...

Atlantic

Atlantic Lithium Prepares for Ewoyaa Lithium Project in Ghana

Atlantic Lithium, listed on the ASX, AIM, and Ghana Stock Exchange, has secured all necessary ...

Burkina faso

BurkinaFaso Scraps Electoral Commission Prolongs Military Rule

Burkina Faso’s military leaders have disbanded the Commission Électorale Nationale Indépendante (CENI), a decision that ...

Wafcon

Wafcon 2024 Quarter-Finals: Africa’s Top Women’s Teams Clash

The 2024 Women’s Africa Cup of Nations (Wafcon) in Morocco has kicked off with an ...

Features

Buhari's Legacy

From the Fulani Plains to Power: The Buhari Chronicle

Muhammadu Buhari (17 December 1942 – 13 July 2025), a name etched into Nigeria’s historical ...

Flood

Texas Mourns as Flash Flood Death Toll Hits 120

Shock has turned to grief across Texas as the death toll from devastating flash floods ...

heat

Morocco Heat Wave Drives Surge in Air Conditioning Demand

Morocco is grappling with a severe heatwave this summer, with temperatures soaring well above average ...

UK

UK and US Clamp Down on Nigerian Visas:What Does It Really Mean?

The United Kingdom and United States have recently tightened visa policies for Nigerian citizens, sparking ...

Netherlands Returns 119 Looted Benin Bronzes to Nigeria

On Thursday, June 26, 2025, the Netherlands returned 119 looted artifacts, known as the Benin ...

Ngugi-wa-Thiongo

Ngũgĩ wa Thiong’o:Passed the pen to the Next Generation.

Ngũgĩ wa Thiong’o, a legendary Kenyan writer, scholar, and revolutionary voice in African literature passed ...

ECOWAS

ECOWAS Celebrates 50th Anniversary Amid Sahel States Tensions

On May 28, 1975, fifteen West African nations signed the Lagos Treaty, establishing the Economic ...

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

What Really Moves Bitcoin’s Price? A Comprehensive Guide to the Key Drivers of Volatility and Value

​Bitcoin, the pioneering cryptocurrency, has captivated the financial world with its innovative technology and notable ...

Latest News

Today in History

July 18th is the day in 1925 that Adolf Hitler publishes his personal manifesto Mein Kampf.

Exchange Rate Per Dollar

AM Armenian Dram384.23
GH Ghana Cedi10.425
GM Gambian Dalasi71.5
GN Guinea Franc8,656
NG Nigerian Naira₦1,530.97
CF CFA Franc BEAC564.0902
18 Jul · CurrencyRate · USD
CurrencyRate.Today
Check: 18 Jul 2025 22:05 UTC
Latest change: 18 Jul 2025 22:00 UTC
API: CurrencyRate
Disclaimers. This plugin or website cannot guarantee the accuracy of the exchange rates displayed. You should confirm current rates before making any transactions that could be affected by changes in the exchange rates.
You can install this WP plugin on your website from the WordPress official website: Exchange Rates🚀

YOUR THOUGHTS

Let us know what you think

Contact the People’s Paper with feedback on stories and how we could make wapress.africa even better!

newsletter image

Stay up to date with the latest from West Africa Press

Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on WApress.

Subscribe Newsletter!

Be the first to receive our latest contents and more...

Need help?