>This is not even 3.000 users according to the article
"Machankura is already being used by roughly 2,900 African users across more than seven countries"
You cant gauge popularity or total adoption of Bitcoin across the continent by using early metrics of one recently released wallet application that targets a small subset of Bitcoin users.
"3 of the top 20 countries in the Crypto Adoption Index are African. Kenya is #1" [0]
"users in lower middle and upper middle income countries often rely on cryptocurrency to send remittances, preserve their savings in times of fiat currency volatility, and fulfill other financial needs unique to their economies. These countries also tend to lean on Bitcoin and stablecoins more than other countries." [0]
The infographic says it's based on a survey of 1000-4000 respondents. The actual survey seems to behind a paywall so I can't examine the methodology more closely. But considering smartphone penetration in Nigeria is only about 32%, the notion simply does not pass the sniff test.
"Machankura is already being used by roughly 2,900 African users across more than seven countries"
You cant gauge popularity or total adoption of Bitcoin across the continent by using early metrics of one recently released wallet application that targets a small subset of Bitcoin users.
"3 of the top 20 countries in the Crypto Adoption Index are African. Kenya is #1" [0]
"users in lower middle and upper middle income countries often rely on cryptocurrency to send remittances, preserve their savings in times of fiat currency volatility, and fulfill other financial needs unique to their economies. These countries also tend to lean on Bitcoin and stablecoins more than other countries." [0]
[0] https://blog.chainalysis.com/reports/2022-global-crypto-adop...