Crypto payments in Kenya surge to a record Sh740bn

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Kenyans wired a record Sh740 billion ($5.7 billion) worth of cryptocurrencies in the year to June, highlighting the growing use of digital currencies for everyday finance such as cross-border payments and investments.

The value of cryptocurrency transactions in the country rose 38 percent from Sh505 billion ($3.89 billion), according to Chainalysis— a global crypto analytics firm.

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