African crypto revolution continues as Ethiopia ranks among global BTC mining leaders
2024 was a pivotal year for Ethiopia as it generated around $1 billion in BTC mining profits due to its access to cheap, reliable, and renewable energy sources.
Africa is a region producing fintech unicorns that provide the highly unbanked (and equally highly “smartphonized”) population and merchants with payment solutions. Companies like TymeBank, Moniepoint, and Opay have made hundreds of millions of dollars by creating and maintaining payment mobile apps and ground touchpoints. In conditions where banks are absent—80% of Africans don’t have bank cards—digital money solutions are filling the void, and cryptocurrency is one of the factors shaping the modern-day financial reality of the continent.
