Stafford Masie, govt chairman of Africa Bitcoin Company, mentioned Tuesday that Bitcoin features as on a regular basis cash in elements of Africa fairly than primarily as a retailer of worth.
Talking to Natalie Brunell on the Coin Tales podcast on Tuesday, Masie mentioned the framing of Bitcoin (BTC) differs sharply throughout areas.
“The place I come from, Bitcoin is cash,” he advised Brunell, including that in some round economies in Africa, retailers “received’t settle for {dollars} — they settle for satoshis.”
Whereas buyers in developed markets typically emphasize its position as an inflation hedge, he described communities the place satoshis flow into immediately in native economies. He additionally pointed to the stark distinction between inflation within the West and in elements of Africa.
“Once you guys speak about debasement, you speak about 4% to five% yearly — we speak about 4% to five% in a day,” he mentioned.
Masie in contrast the shift to the continent’s speedy adoption of cell expertise, arguing that youthful populations are bypassing legacy monetary methods. Reasonably than transitioning steadily from secure fiat currencies, he described a transfer from what he referred to as “damaged cash” and sharp foreign money debasement into digital belongings.
He additionally highlighted Africa’s youthful demographics as a key issue, noting that greater than 1 / 4 of the continent’s inhabitants is below 20. He mentioned youthful generations are embracing rising applied sciences equivalent to synthetic intelligence and so they “love Bitcoin.”
Masie mentioned that on this context, Bitcoin turns into greater than a passive retailer of worth. As a substitute, he described it as “pristine capital;” a monetary substrate that people and companies can construct on. He mentioned:
In Africa, we all know the age earlier than 2008 and the age after 2008. After the Bitcoin white paper and earlier than the Bitcoin white paper. Our lives modified, as a result of immediately we had one thing that couldn’t be debased. It was immutable, decentralized, can’t be confiscated. That to an African is life or dying.”
Masie is a longtime expertise govt who beforehand led main tech operations in South Africa.
Associated: Africrypt founders again in South Africa years after platform collapse: Report
Crypto adoption in Africa
Knowledge from blockchain analytics firm Chainalysis seems to again up the shift on the continent that Masie is describing.
From July 2024 to June 2025, Sub-Saharan Africa acquired greater than $205 billion in onchain worth, up 52% year-on-year, making it the third-fastest rising crypto area globally. In March 2025 alone, month-to-month quantity spiked to almost $25 billion, pushed largely by exercise in Nigeria following a foreign money devaluation.
Sub-Saharan Africa has additionally stood out as a retail-driven crypto market. Transfers below $10,000 accounted for greater than 8% of whole worth despatched within the area throughout the identical time interval, in contrast with about 6% globally, based on the report launched in September.
On the similar time, Nigeria and South Africa confirmed notable institutional exercise, with onchain flows indicating recurring multimillion-dollar stablecoin transfers linked to cross-border commerce between Africa, the Center East and Asia.
In January, talking on the World Financial Discussion board, former UN Underneath-Secretary-Common Vera Songwe defined how stablecoins are more and more considered as a less expensive remittance and settlement software in Africa.
She mentioned remittances have change into “extra necessary than help” in lots of African economies, whereas conventional transfers can value about $6 per $100 despatched. With inflation exceeding 20% in a couple of dozen nations and an estimated 650 million folks unbanked, she mentioned stablecoins supply each a funds rail and a retailer of worth in markets dealing with foreign money stress.
Journal: Would Bitcoin actually be at $200K if not for Jane Road? Commerce Secrets and techniques