Overview
- Chainalysis data reported by Ripple shows $205 billion in on‑chain value across Sub‑Saharan Africa from July 2024 to June 2025, a 52% year‑over‑year rise.
- High fees and slow settlement in cross‑border payments are pushing people and businesses toward dollar‑pegged stablecoins for remittances and trade.
- Key markets now operate under formal rules, with South Africa, Nigeria, Kenya, and Mauritius setting licensing and oversight for crypto firms.
- Ripple says its RLUSD stablecoin is supporting aid delivery and remittances through partners such as Chipper Cash, VALR, Yellow Card, and Mercy Corps Ventures, and it announced a custody partnership with Absa Bank.
- Africa’s large mobile‑money base, which handles about 70% of a $1 trillion global market, makes crypto easier to adopt, and several countries including Ghana, Botswana, Namibia, Seychelles, Rwanda, Morocco, and Uganda are moving toward clearer rules.