World’s Highest P2P Bitcoin Trading Volume in Africa : Reports
Current data reports shows, Saharan Africa is at top in the current time in terms of Bitcoin P2P trading volume.
When bitcoin adoption was in the Initial phase then at that time P2P trading was the only platform to buy/sell Bitcoins and people mostly restricted to go to localBitcoins.com, which was the one and only one site. But now lots of third party companies are providing crypto crypto services and allow people to buy Bitcoin and other assets in just a matter of clicks. But in the present time P2P trading is still popular where banking services are either restricted or not available for people.
According to an analytics diagram posted by a redditor, Saharan Africa is at top in terms of trading P2P Bitcoin volume and the current volume of the P2P trading volume exceeds around $17 million. And this makes Saharan Africa at the top in the whole world by volume.
Latin America, which belongs to the Asian Pacific region, is in third place. And after Latin America there are Eastern Europe, Western Europe and then the Middle East and North African countries.
In the diagram, New Zealand & Australia are at bottom level.
This diagram is not showing achievement records but it is showing how much the country’s government is helpful for their citizens and also how much banking services are able to reach the people.
In the present time banking services show their failure to provide their services to Saharan Africa’s citizens that is why they are moving toward the P2P trading method. While Australia and New Zealand show how much the government supports their citizens for crypto use & the potential of Banking services available for crypto companies.
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