According to Chainalysis, the number of "small transfers" (under $10,000) in Africa increased to $316 million or 60,000 per month, up 55% from a year ago. Nigeria, by far the largest economy in Africa, South Africa, and Kenya lead the region in cryptocurrency trading. Africans are increasingly turning to bitcoin and gift cards to exchange in and out of local fiat currencies quickly and easily and escape excessive inflation, corruption, and/or fees from institutions. Africa still has the smallest crypto economy of any global region, but the activity there is creating life-changing value for its people and adoption is highest. For example, the percent of users in South Africa who own cryptocurrencies is over 13%, nearly double the worldwide average of 7%.

Cointelegraph (Sept 10, 2020)