While reading some articles, Just found the headline "Crypto market has grown in Africa by 1200%". The greatest opportunity for the people of Africa to discover more about crypto and new web3 technology. Moreover, there is a chance that people would also start paying and accepting crypto.
Maybe the article you read in somewhat outdated? and that numbers was around the bull run in 2021,
n a report released on Tuesday, Chainalysis said Africa’s crypto market increased in value by more than 1,200% between July 2020 and June 2021, with high adoption in Kenya, South Africa, Nigeria and Tanzania. The company added that the popularity of P2P platforms could have been one of the driving factors toward greater crypto adoption in the region, given some countries have restricted or banned residents from sending money to exchanges through local banks.
According to Chainalysis, the entire continent received $105.6 billion worth of crypto between July 2020 and June 2021. Yet, it had a share of the market’s overall transaction volume made up of “retail-sized transfers” larger than any other region in the world — roughly 7% as opposed to the 5.5% global average. In addition, P2P platforms — including Paxful and LocalBitcoins — account for 1.2% of all crypto transactions in Africa.
https://cointelegraph.com/news/africa-s-crypto-market-has-grown-by-more-than-1-200-since-2020-chainalysisSo it make sense that time that it will grow tremendously because of the bull run, so it might be interesting what will be the numbers today. But I wouldn't be surprised if the numbers keeps growing, and maybe it could also be use by the continue as remittance as Nigeria ranks in the top 10 amongst global money remittances.
Even
Binance P2P Supports New Payment Methods for African Countries. So for sure, it's really untapped sector right now and it's value will increased overtime.