Kenya, often hailed as a hub of technological innovation in Africa, is one of the biggest cryptocurrency markets on the continent.
Aptly nicknamed the “Silicon Savannah,” Kenya has carved a unique niche in Africa’s burgeoning Web3 landscape. With a tech-savvy population, a vibrant mobile money ecosystem, and a growing entrepreneurial spirit, it presents a compelling case for widespread Web3 adoption.
85% of Kenyans own smartphones, which are at the heart of the Web3 evolution, while the dominance of mobile-based payments (mobile money) signals an evolving financial landscape. M-Pesa, the ubiquitous mobile money platform, has fostered a culture of cashless transactions and digital trust, which is crucial for Web3 adoption.
Kenya is the biggest cryptocurrency market in East Africa. The country has the highest volume and interest in the subregion and is considered one of the top five cryptocurrency markets on the entire continent.
