Bitcoin prices have surged in 2018, but the number of users in Africa has surged.

According to Coindesk, despite the huge fluctuations in bitcoin prices in 2018, the number of African users has soared. According to Ray Youssef, CEO of digital currency exchange Paxful, African bitcoin dealers accounted for 41% of all new users on the platform in 2018. On average, their transaction value is less than $90, and the platform has 160,000 monthly active users. Paxful hopes to actively recruit professional encryption talents in 2019 and set up independent offices in East Africa, West Africa and Southern Africa, hoping to triple the company size. Moreover, the article shows that countries such as Nigeria, Ghana, and South Africa have shown a friendly attitude towards cryptocurrencies.

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