Africa is seeing high crypto wallet adoption, but actual usage and value remain limited. Experts say economic realities, short-term utility and product gaps help explain the disconnect.
Okoro, who spoke at Coindesk’s Consensus 2025, said Africa’s crypto potential will remain locked unless global stakeholders partner with local ones.
The report dubbed the Nigeria Web3 Landscape Report says 3% of global blockchain developers are in Nigeria.
As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.
Crypto exchanges Quidax and Busha receive “Approval-in-Principle” as Nigeria takes steps towards regulating the crypto industry.
