“We don’t have large, institutional-level merchants in Sub-Saharan Africa,” Adedeji Owonibi, founding father of Nigeria-based blockchain consulting firm and product studio Convexity, mentioned in an interview with Chainalysis. “The individuals driving the market listed here are retail. Nigeria has a ton of extremely educated younger graduates with excessive unemployment charges, no jobs out there – crypto to them is a rescue. It’s a strategy to feed their household.”
