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Small value crypto transfers in Africa have increased by 55%

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Small value crypto transfers in Africa have increased by 55%

Africans are increasingly turning to cryptocurrencies as a means of exchange over local fiat currencies, according to a new report from blockchain analytics firm Chainalysis.

Data from the firm shows that many locals individuals and businesses are using cryptocurrencies to avoid high fees, regulatory complications, and currency instability.

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Small value crypto transfers in Africa have increased by 55%

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