INTRODUCTION
The adoption of cryptocurrency across Africa have been growing as many people get to know more about it and employed for more financial transactions despite numerous factors mitigating it's usage and functionalities.

Some of these examples of the African countries towards cryptocurrency shows the heightened attention over this new emerging fintech and it's potential. For instance, Nigeria being the largest African economies have occupied a major role on the world of cryptocurrency with high level of peer to peer transaction and interest on Bitcoin, altcoin and popular exchange have prominent presence on the country despite regulatory uncertainties and imposing conditions by the government. South Africa have a well developed financial system with the possibility of supporting cryptocurrency fully. There's a heightened interest for Cryptocurrency in that country too.

Africans are interested on cryptocurrency and other related assets despite non-involvement of the governmental agencies and imposing restrictions but the potential of the cryptocurrency can't be denied or relegated but reign supremely with improvement on the traditional financial institutions and methods. Many African especially the youth which form the large portion of their population actively involved in the world of cryptocurrency with many startups and projects with the aim of improving the status quo on the centralization and influence of the government over financial activities.

Truly, there's an upward trend on the interest on cryptocurrency and this improved situation are necessitated by several factors which act to improve how Africans view cryptocurrency and urge for better financial transactions, stability and growth.

Factors Driving Cryptocurrency Adoption in Africa.

There are many parameters that increase the yearning for better financial transactions with the potential of the cryptocurrency. These factors have shaped the economic, social and financial situations among the Africans as they look towards cryptocurrency as their "messiah" for improved financial activities and economic growth. Let's explore them as follows.

PEER-TO-PEER TRANSACTIONS MODEL

P2p Model centered on transaction process that involves the users directly without the need for intermediaries. This kind of transaction is actively influenced and supported by blockchain technology with the potential of cryptocurrency.

P2p Model is very fast, simple and cost-effective unlike what traditional financial institutions and agencies in Africa offers with serious financial limitations and challenges.

Banks are centralized financial institutions whose actions limits financial transactions as there is huge interference and hiccups like dishonesty, governmental influence, and supervision etc which impede the financial process but P2p Model solves their challenges with improved services thereby generate much attention and adoption rate of cryptocurrency.

P2p Model offered by decentralized method as postulated by cryptocurrency guru and projects provide a platform where transactions can be effective on users based without the need for intermediaries. This improve the financial process and heightened the attention and adoption rate of cryptocurrency among Africans.

Rise of Mobile Payments

Before now, Africa trade and economic sectors was fiat-currency based, people hate the idea of digital assets and fight over the use of it. Now, many value digital assets and mobile payments as real and genuine. They prefer it as being portable and can't attract undue attention thereby yearn for crypto influenced transactions.

Many services like airtime, data and other subscription like television services are chiefly serviced by mobile payments across the various financial platforms in Africa. This deep rooted culture promotes the need for more mobile services across the Africa home which makes the service friendly and affordable. Incorporating cryptocurrency with those platforms and services promotes the adoption rate of the cryptocurrency within Africa shores.

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Mobile payments streamlines the financial services by reducing challenges of fiat based trading services but improving the process by being effective, simple and secure. Cryptocurrency is a form of mobile payment so Africa people are ready to employ it for their various payment purposes.

Cross Border Transactions.

Cryptocurrency offers the best way for remittance as many African depend on the family aboard for survival. Cross border transactions with traditional financial institutions have been flawed that it's not possible to get fund in the same value across the countries freely and friendly. It might take many days as well as be deducted in value before getting to the hand of the receiver which cryptocurrency tried to solve amicably thereby increasing its adoption rate among the Africans.

Crypto platform offer the best and secure platform for efficient cross border transactions which does not be affected by multiple of native fiat countries and exchanges. It is simple and easy to operate within the platform without the need for intermediaries. It's cost-effective and reliable than the traditional financial institutions handling cross border transactions.

Financial Inclusion

Africans are limited in numbers for various financial activities with banking sectors as their demands for operating accounts can't be reached by those people thereby limiting them from financial activities and hampering their economic growth.

Majority of Africans lives in remote areas where necessary services affected their banking services. Most banks does not have branches on remote areas affecting their financial activities. With cryptocurrency, there's no limitations as everyone can access the services freely from every part of the world.

With cryptocurrency, everyone are financial inclusive and transact freely and cheaply too. It is one of the factors that drive interest on cryptocurrency and increase its adoption rate over the time as many Africans wants to transact freely with another for financial growth and stability.

Challenges Facing the Adoption of Cryptocurrency by Africans.

Although there's an improvement on the adoption rate of cryptocurrency, some factors still persist and mitigate against the full adoption of cryptocurrency by Africans for the various financial activities for bumper economic growth and stability. These factors are age-old and seems very hard to conquer but there's solutions and many are accepting cryptocurrency as a digital currency. Let's talks about it explicitly

Regulatory uncertainties And Restrictions

Several government in the world including Africa have negative view over cryptocurrency and impose many restrictions over it's presence, nature and trade within their territory. For instance, Nigerian government have repeatedly send memo across the banking sector and other financial institutions to withhold and arrest any crypto related assets and traders with huge charges and fines of financial misdemeanors. This sanctions cause many people to lose hope on cryptocurrency and see it as scam projects thereby affecting its potential and adoption rate.

Many Africans still does not know what cryptocurrency is and limit themselves with restrictions over it's usage and functionalities. They just don't want to hear about it and employed it's potential despite its good abilities. They lack clarity on its functionality and even governmental restrictions fueled the wrong idea about it too.

African held their government at high esteem and obey them on financial issues. Their response is usually negative as their decisions is based on the negative impact of the restrictions from the government through their various agencies. Their View does not allowed them to be enlightened on the potential of cryptocurrency but hate it with happiness.

Infrastructures Limitations

Cryptocurrency needs technological support and advancement to be employed for financial purposes. Electronic gadgets are costly. Good financial fortune are needed to be trade with cryptocurrency and other related assets. Limited internet services are common among Africans cities. Many areas are not ample covered which limits the accessibility and functionalities of cryptocurrency on those areas. Where it's available, it's very costly and unreliable for effective crypto related financial services.

Many Africans are not technically sound and does not know how electronic gadgets are operated. They simply does not know how to use their smartphone and other gadgets which make them uninterested over cryptocurrency and mobile transactions. Foreign language like English which formed the basic language for those gadgets are not fully understood by majority of Africans. This factor affects their adoption rate of cryptocurrency by majority of the Africans.

Security Concerns Over Cryptocurrency

Majority of Africans view cryptocurrency as scam and for scammers because many of them have lost or heard stories of such sad events. Be cautious means that they avoid it at all cost and did not get involved with such transactions with cryptocurrency. Majority of them will be advised bona fide and profitable trader or crypto investor to desist without even know about it.

Ignorance and illiteracy can be play a role here, making the naive users to lose their assets over not knowing how to protect them and security apparatus like keys thereby blaming the system and affecting the adoption rate.

CONCLUSION

Cryptocurrency Adoption rate is improving in Africa and many adopting it for financial purposes because the challenges as listed above have been tackled with multiple approaches mostly enlightenment and public awareness, teaching them on the potential of cryptocurrency, it's security and functionality thereby fueling the interest about it.

Many factors have favored the adoption rate ass explained. They are very reason why many people wanted to know more about cryptocurrency. Many Africans see it as a "messiah" that improves the financial challenges posed by traditional financial systems and avenue for financial breakthrough out of poverty which is endemic to them.