It's almost clear that Africa will be the next boom in Bitcoin and cryptocurrency volume transactions in the world, the continent contest is propitious for a revolution in the Field, with almost 2 billion of people, mostly unbaked, Crypto have a a huge marge of progress!
For the First time in Bitcoin Volume transaction in peer-to-peer Exchanges such as Local Bitcoins or Paxful surpassed America latina.
That is a milestone in the continent and according with UsefulTulips the continent registered $14.6 million in weekly volume confirming a new record on the continent for transactions on P2P Exchanges.
Africa Bitcoin trading volumes accordingly with Cointelegraph continued to increase and registering a third consecutive all time high for trade activity in the continent, and surprising (if we consider so) Global markets in crypto of peer-to-peer trades benefiting for the fact that Latin America, Asia Pacific and Western Europe posted significant declines in Era post-Bitcoin Halving.
With all this registers, Africa peer-to-peer trade market overtake Latin America and now rank as second strongest region in volume transactions for the first time in the history as shown by source UsefulTulips.
The new milestone shows that BTC Africa prolonged spike in volume for 3 consecutive weeks that African are investing in the asset with more than $14.6 million worth in Bitcoins changed hands between users on the continent only this last week, beating the previous record of $11.6 million registered in the second week and with nearly $10 million on trade from the start of the month.
This are not just numbers, but a clear view how African are facing the Bitcoin as a way to change conjecture on their lives and empowering themselves to embrace the crypto revolution in a continent mostly affected by huge percentage of unemployment and corruption.
The trade most notorious in the continent on P2P exchanges are between the Nigerian Naira and BTC that represent two thirds of all continent transactions with almost $9.5 million of BTC in just a week of negotiations.
Africa starting to shine and on the radars of the crypto world but that is just the beginning from a continent with huge potential to embrace crypto much faster that other regions of the Globe!
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