Africa's Demand for Cryptocurrencies Surges

The price of bitcoin soared to an all-time high of $20,000 in December 2017 and collapsed to $3,400 a month later, prompting speculation that cryptocurrencies had imploded in the fizz of their own hype and unfulfilled promises. Since then, however, the price has held steady and even begun to tick back upwards. In South Africa, and on the continent, there have been several recent crypto developments, suggesting the market here is beginning to tingle with life, writes Sasha Planting for The Daily Maverick.

Left: Satellite image of Africa. Right: Bitcoin mock-up.

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