The argument for the adoption of cryptos by Africans has become more pronounced due to the current economic crisis sweeping through the continent, but in adoption, the best crypto wallet for Africans must be considered.
With most African currencies losing their value against the major trading currencies, it has highlighted the need for African economies to adopt cryptocurrencies.
The challenge for most Africans has been finding the right Crypto Wallet/App that is linked to African Payment Systems.
Cryptos would most likely thrive in Africa if Africans can easily exchange their digital currencies using a platform that is integrated with local payment systems and safe peer-to-peer means.
In this article, we would look at the most African-friendly crypto trading apps based on the most popular payments such as mobile money and bank transfer.
The first criterion for measuring the best crypto app for Africans would be the ability to exchange cryptocurrencies for Mobile Money instantly.
There are now over 184 million active mobile money wallets on the continent compared to 161 million accounts just over a year before.
In countries like Ghana and Nigeria, penetration has hit 40 percent and is set to take over traditional banking deposits and withdrawals.
The Best Crypto Wallet with Mobile Money Exchange Service
Mybitstore – This app currently runs an instant Bitcoin for Mobile Money Exchange.
Mybitstore is an African cryptocurrency trading platform where users can buy, trade, convert, send, and receive cryptocurrency using both African and global payment channels.
Users can also use a peer-to-peer Platform, which is built on a world-class safe escrow, to inter-trade and set their pricing.
Due to unintegrated payment systems and the lack of payment infrastructure in some countries, most Africans were financially excluded from the global financial market and also do not have complete or any financial freedom hence the reason for the establishment of Mybitstore.