I can agree with everything except for the fact that people use it to pay for goods, because I don't think I can remember hearing about such.

Nigeria has always been a powerhouse of cryptocurrency despite the level of hardship and how our own fiat currency has depreciated before our very own eyes. I did some research on something similar a few days back, and I was quite surprised at how fast we were quick to adopt cryptocurrency in this part of the world. 2020/21 was one of the best years where Nigeria dominated, not just in Africa, but across the globe.

And one reason I believe increased the adoption is how the government often impose cashless policies. Controlling and restricting cash flow was able to increase crypto adoption, especially Bitcoin, and also create room for fintech companies to overshadow the banking system almost completely. We saw that in 2020 and 2023 I guess.