Africa Bitcoin Trading Volume Grows By More Than Triple Digits In 3 Months

P2P Bitcoin trading is a digital divide beyond the retail market for distribution purposes. In the P2P transformation, users can directly connect nodes to the network, and there is no middle man and no manual, so the comparison process is easy. . . This means that users can buy and sell cryptocurrencies directly with any payment method without any exchanges or external exchanges.

The Bitcoin P2P market share is booming. In recent weeks, the African Bitcoin (BTC) market-to-peer (P2P) has experienced high weekly data volatility.

In recent months, sub-Saharan Africa has seen triple-digit growth, with weekly peer-to-peer transactions exceeding $ 15 million.

The Bitcoin P2P market has grown rapidly in recent months, and Africa is now the second largest region in the world in terms of P2P market after the United States.

Last week, Africa was the only region to experience an increase in peer-to-peer trade this week. The packaging industry in sub-Saharan Africa has hit a seven-week high in the past nine weeks.

since the beginning of January,Sub-Saharan Africa has emerged as the second-largest peer-to-peer market, hitting Asia-Pacific, Eastern Europe and Latin America at 50% of revenue.

Bitcoin transactions explode in Africa

According to data released to Twitter by cryptocurrency analyst Kevin Luke on June 30, Africa's leading P2P gaming market has reached the top three in just three months.The increase in the packaging industry by region was 125% in Nigeria, 194% in South Africa, 199% in Kenya and 257% in Ghana.

A spokesperson for Paxful, the leader of the bitcoin industry, told Cointelegraph that in addition to major African markets, Cameroon has become "a new nation". To date, Cameroon 2020 packaging industry is $ 5 million.

Paxful stems from its concept of empowering communities in industrial development and in the spirit of “connecting the road” to the rapidly growing industry.

"There has not been a particular catalyst for the recent sale, but it is the result of the collaboration of several groups.We are able to enter new markets such as India and Argentina, build local communities (Kenya, Ghana, South Africa, etc.) and forge new partnerships. "

“There are ways to improve in every new business,” added Paxful. "We plan to continue to carefully monitor the needs of our customers as we grow."

Despite Africa's rapid growth, North America has accomplished its # 1 task.

Last week, the US economy reached $ 30 million, almost double that of Africa.A reporter from Paxful noted that California has by far the largest P2P market in the United States.

Nigeria is the second largest joint venture market, with weekly sales of nearly $ 10 million in the region.