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

Nigeria Sets 16 as Minimum Age for University Admission

The Federal Government of Nigeria has established 16 as the minimum age for admission into ...

Red sea

Germany Summons Chinese Ambassador Over Incident in Red Sea

Germany summoned China’s ambassador to Berlin on July 8, 2025, after a Chinese warship allegedly ...

CHOLERA

Sudan Faces Malnutrition and Cholera Crisis Amid Ongoing Conflict

In El Fasher, the capital of Sudan’s North Darfur province, nearly 40% of children under ...

Russia

Ex-Russian Minister Starovoit Dies in Apparent Suicide

Russia’s former Transport Minister Roman Starovoit, 53, was found dead with a gunshot wound in ...

Features

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 ...

Guinea Sets September 2025 Date for Constitutional Referendum as Military Inches Toward Democratic Transition

Guinea Sets September 2025 Date for Constitutional Referendum as Military Inches Toward Democratic Transition

Guinea’s military-led government has officially announced that a national referendum on a new constitution will ...

Ivory Coast economic growth

Côte d’Ivoire’s Economic Boom Faces Political Test in 2025 Election

Ivory Coast’s Economic Success: A Model for West Africa Côte d’Ivoire has emerged as one ...

Phillis Wheatley

Phillis Wheatley: The Trailblazing African American Poet Who Defied Oppression

Phillis Wheatley: A Pioneer in Black Literature and Poetry Phillis Wheatley was a groundbreaking poet ...

Women Participation in Politics

International Women’s Day 2025: Advancing Rights, Equality, and Leadership for African Women

The 2025 International Women’s Day (IWD) theme, “For ALL Women and Girls: Rights. Equality. Empowerment,” ...

Latest News

Today in History

July 8th is the day in 1994 that Kim Jong-il begins to assume supreme leadership of North Korea upon the death of his father, Kim Il-sung.

Exchange Rate Per Dollar

AM Armenian Dram383.9665
GH Ghana Cedi10.4109
GM Gambian Dalasi71.5
GN Guinea Franc8,661.17
NG Nigerian Naira₦1,534.07
CF CFA Franc BEAC559.5482
08 Jul · CurrencyRate · USD
CurrencyRate.Today
Check: 08 Jul 2025 22:05 UTC
Latest change: 08 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?