While Sub-Saharan Africa contributes to 2.3% of global crypto trades, nearly 10% of its transactions are in Bitcoin, surpassing both North America and Eastern Europe. High inflation, especially in Ghana, pushes people towards Bitcoin as a safer bet. Nigeria also shines, ranking second globally in Bitcoin usage, only behind India. It boasts a 9% annual […]
Related Posts
Mexico Outpaces China in U.S. Imports After 20 Years
In a significant turn of events, the U.S. imported more goods from Mexico than from China in 2023, a first in two decades. This shift signifies a major change in global trade dynamics, aligning with the U.S.’s “friendshoring” strategy. This approach aims to diversify supply chains to allied nations, reducing dependence on Chinese imports due […]
Brazil’s Tax Shake-Up Sends Shockwaves Through Agribusiness
A sudden tax change in Brazil is shaking up the agricultural industry, outraging top crop traders like Cargill Inc. and Bunge Global SA. President Luiz Inácio Lula da Silva introduced this new policy. It raises costs for exporters and processors of essential commodities like soybeans, sugar, and beef. This unexpected move surprised traders, leading companies […]