Secretum: Riding Africa and Asia’s Crypto and Messaging Boom
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When it comes to the growth of crypto adoption, Africa and Asia lead the world:
The main drivers of this boom are the clear and unmet needs of these markets, including:
Lack of financial infrastructure - Africa and Asia are the most unbanked continents. Almost 70% of adults in countries like Vietnam and Morocco do not have a bank account:
At the same time, the mobile penetration rate in Africa is 44% and in the Asia-Pacific region it is 42%. The decentralised nature of crypto makes financial infrastructure redundant, while people use their mobiles to make direct payments and trade with other crypto wallet owners.
Unstable currencies - Many Asian and African
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