Analysis

Riding Africa and Asia’s Crypto and Messaging Boom

When it involves the expansion of crypto adoption, Africa and Asia lead the world:

  • A complete of $105.6 billion value of crypto belongings had been traded in Africa between July 2020 and June 2021, a development fee of 1,200% year-on-year. P2P buying and selling dominates transaction volumes:

The predominant drivers of this increase are the clear and unmet wants of those markets, together with:

Lack of economic infrastructure – Africa and Asia are essentially the most unbanked continents. Almost 70% of adults in international locations like Vietnam and Morocco don’t have a checking account:

At the identical time, the cell penetration fee in Africa is 44% and within the Asia-Pacific area, it’s 42%. The decentralized nature of crypto makes monetary infrastructure redundant, whereas individuals use their mobiles to make direct funds and commerce with different crypto pockets homeowners.

Unstable currencies – Many Asian and African international locations have seen important foreign money depreciation within the final 5 years. On the opposite hand, throughout the identical interval, Bitcoin and Ether rose over 500% and 2,900% respectively. Many individuals have turned to crypto-assets to beat inflation, boost their incomes, and maintain the purchasing power of their belongings.

Expensive Remittances – Remittances from overseas are an essential a part of the economies of many Asian and African international locations – constituting 10% of GDP within the Philippines and 8% in Egypt. Sub-Saharan Africa has the best remittance prices on this planet, at over 8%. This has led many to bypass the excessive charges and switch remittances instantly P2P by way of crypto wallets.

This phenomenal development has been accompanied by an equally highly effective development – the increase in cell penetration and cell app utilization charges:

  • Asia now accounts for 64% of global mobile app downloads.
  • The variety of African cell subscribers will develop from 477 million in 2019 to 678 million in 2025 – a greater than 40% improve, equal to a further 201 million
  • From H1 2020 to H1 2021, the variety of cell app installs in Africa elevated by 41%.

At the highest of the cell app pyramid are messaging apps:

With crypto adoption and cell use booming, an modern startup is betting on the convergence of those two megatrends by harnessing the facility of Blockchain to supply an unprecedentedly safe and user-friendly messaging app:  Secretum.

Secretum: Riding The Convergence of the Mobile & Crypto Megatrends

Secretum is a completely decentralized, encrypted, and safe messaging DApp (Decentralised App), constructed on the Solana Blockchain. It permits customers to each alternate messages and commerce crypto belongings as simply as sending an SMS. The benefits are important:

  • All messages are absolutely encrypted and saved on verified nodes within the Secretum community – that means hackers can’t entry them like in cloud-based messaging providers like WhatsApp.
  • The most safe and nameless sign-up course of, which solely wants the person’s crypto pockets handle – no extra dangers of personal knowledge leaks or authorities interference, an particularly related hazard in lots of African and Asian international locations.
  • Staking and rewards with the native SER token for customers who message and present nodes to broaden the Secretum community.
  • An straightforward, intuitive, and purely P2P buying and selling interface to ship and obtain cryptocurrencies and Non-Fungible Tokens (NFTs).
  • Record low charges and virtually immediate trades, because of Solana’s capability for 50,000 transactions per second and a mean price per transaction of solely $0.00025.

The mixture of a superior messaging app by way of security with extremely versatile crypto buying and selling capabilities is the important thing to Secretum’s strategic imaginative and prescient: to turn into the go-to messaging and crypto app for Asia and Africa.

Secretum: The Ideal Trading & Messaging Solution For Asia and Africa

As Secretum’s Blockchain-messaging capabilities revolutionize communications, its over-the-counter (OTC) P2P buying and selling capabilities convey distinctive advantages to crypto-asset homeowners in Africa and Asia:

High Liquidity – Traders are in a position to contact one another instantly and discover hidden liquidity in crypto markets, enhancing execution instances and decreasing slippage.

NFT Trading – Secretum lets NFT homeowners and merchants contact one another by way of their pockets handle alone – securely, instantly, and on the lowest charges on the market. This would open a very new asset class for African and Asian crypto homeowners to diversify their belongings and shield their wealth.

High User Friendliness – Asians and Africans are the world’s most assiduous customers of cell cash. There are an estimated 243 million cell cash accounts in Asia and an estimated $490 billion was exchanged by African cell cash suppliers in 2020. Furthermore,  P2P is already the dominant form of crypto trading. The market is due to this fact accustomed to utilizing P2P cell options to alternate cash, commerce, and talk. Secretum faucets into this well-established market – solely with a technologically superior resolution.

As cell and crypto penetration continues to develop in Africa and Asia, Secretum will present a by no means seen earlier than crypto buying and selling and messaging resolution – serving two markets which can be day after day shortly merging right into a single one. By leveraging this resolution, Secretum is positioning itself because the app of alternative for 3 billion individuals on this planet’s youngest and most dynamic markets.

 

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