Digital currency adoption in Kenya in 2021
own digital currency
It is estimated that over 4.5 million people, 8.5% of Kenya’s total population, currently own digital currency.
Kenya is ranked first globally for peer-to-peer digital currency trading volume and fifth worldwide for total digital currency activity.
Kenya is the leading African country amongst 10 countries globally in terms of digital currency holdings and blockchain- related transactions. As of January 2018, Kenya’s Bitcoin holding represented over 2% of the country’s Gross Domestic Product (GDP), a substantial percentage given that 10 countries have a comparable level of GDP invested in digital currencies.
Kenya is the top Bitcoin maximalist country globally, topping bitcoin search interest at 94.7%. Kenya also ranks within the top ten worldwide on the topic of “digital currency” on Google.