African P2P Bitcoin trade volume surpasses North America’s

While many developed countries’ citizens look at crypto mostly as an investment portfolio diversification, people in the rest of the world – who by the way make up 87% of the total population – need it for much more pressing issues.

Send money home to your family without paying ridiculous Western-Union-style fees. Don’t let authoritarian regimes control you through your finances.Keep your savings from inflation (this one might soon will be quite familiar to the developed countries too), political or economic crises, defaulting banks… etc

Sub-Saharan Africa is a region that needs crypto for all these reasons and more, so it’s not surprising that Bitcoin peer-to-peer trading has been steadily increasing, to the point when its weekly volume has reached $18M and surpassed the previous leader – North America, one of the richest and entrepreneurial-spirited regions there is.
The figures from P2P platforms LocalBitcoins and Paxful speak better than words, and those who still don’t understand what good Bitcoin is, should take a closer look at them.