According to Ray Youssef, the CEO of peer-to-peer (P2P) platform Paxful, the local population's needs along with the current growth trends in Ghana show its potential to become a leader in crypto adoption in Africa.
Youssef said that the total trading volume from Ghana in their P2P exchange has grown by 400% in the last two years. The executive also believes that many Nigerians consider Ghana as their home during the summer and are educating Ghanaians on Bitcoin (BTC) and crypto
Abeg make una no vex, wetin we do Ghana lol. Dem just dey worry us for back like wetin I no know. Which day self I hear say Grammy CEO show Africa and na ghane e go lap even though na Afrobeats dey dominate the music scene in Africa, same with former Twitter CEO and other big names for the industry or other industry na always Ghana dem dey go. Ghana just wan take all our shine and mainly because we Nigeria no wan improve. See this small one wey we been dey use body as giant of Africa for the cryptocurency business now Ghana go soon take am.
Wetin we dey do wrong as a country, already Ghana is seen as the perfect county for most businesses coming into Africa, if them mistakenly get the trading volume over Nigeria I no think say we go see any project showing us interest and all this na due to our reputation as one of the most corrupt country. Sha all na win for African but you think say Ghana fit overthrown Nigeria for the cryptocurrency industry? No dey biased oh una well-done.
All those things have made Ghana the business hub of Africa and that is why you will see international companies like Twitter opening their African regional offices in Ghana. If you want us to back this discussion with data we can easily find them on the internet, but you and many others here can testify to the fact that Ghana has taken over Nigeria's position as the giant of Africa. The rate of crypto adoption has increased in Ghana in the last few years back while the rate of crypto adoption in Nigeria has decreased even though Nigeria still top highest trading volume but we should understand that trading is different from adoption. Is in Nigeria facing a lot of challenges that will limit their growth or even kill the business, but once they relocate to Ghana they go make mmmm. Many of the crypto payment gateways we dey use today are Nigeria's own companies but there are located in Ghana. All these things contribute a lot to crypto adoption and growth in an economy.