12 °c
London
Saturday, May 28, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Finance

Africa is leading financial liberation through bitcoin

Ana Constantino by Ana Constantino
February 16, 2022
in Africa, Blockchain, Cryptocurrency, FA, Financial Inclusion
Reading Time: 2 mins read
811 61
0
Africa is leading financial liberation through bitcoin
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

With its widespread adoption of Bitcoin, Africa is discarding traditional narratives and assuming the role of financial epicenter for the world. Forward being the only way to go.

African countries have led the way for Bitcoin adoption globally, pioneering the first truly peer-to-peer movement and teaching us about the true uses of bitcoins and the possibility of greater financial inclusion of the underbanked in spite of the focus on speculative activity in many parts of the developed world.

Despite Africa being viewed negatively by Westerners, their contribution to this financial revolution paints an entirely different picture. There has been an unstoppable explosion of wealth, technology, and innovation.

Ultimately, Bitcoin is not for the millionaires, it’s for the millions. We need to focus on Bitcoin as a means of exchange instead of minting quick millionaires through speculation and meme coins in order to accomplish its true purpose.

Also read: Is Insurtech the key to boosting Africa insurance uptake?

Africa has been voted the third fastest-growing economic level for crypto adoption, with Kenya, Nigeria, South Africa, and Tanzania making up the top 20 in Chainalusis’ Global Adoption Index. With more than half of Africans lacking traditional bank accounts, Bitcoin can provide financial services to anyone regardless of status, location or income.

Nigeria has one of the youngest populations withinside the world, with over 75% of its populace below the age of 35. They are extremely decided and enthusiastic, they are moving the continent into the economic golden age. By combining the entrepreneurial spirit with the extreme force and commercial enterprise flair the Nigerian children are in the end, fostering a grassroots economy. One which we need to all be paying extra interest to.

Related

Tags: africaAfrica is leading financial liberation through bitcoinBitcoinCryptocurrencyFinancial Inclusionfinancial liberationNigeriaнигерияنيجيرياナイジェリア尼日利亚
ScanSendShare349Tweet218Share61Pin78Send
Ana Constantino

Ana Constantino

Ana Constantino is a Mozambican creative who loves exploring the world and what the future might bring for each one of us. Passionate about Social Causes, Equality, African Countries, and Uplifting others, she aims to bring a new perspective about the world for those who seek it. Through her experience as a Data Artist, she has been able to see the world from different points of view, while making sure she always translates it in a way that only adds to that list.

Related Posts

Best family-friendly lodges in Africa
Travel

Best family-friendly lodges in Africa

by Ubuntu Travel
May 28, 2022
Travel

Why Nairobi is one of Africa’s greenest cities

by See Africa Today
May 28, 2022
US brings partnership opportunity delegation to Ethiopia
Aid

USA and Mozambique approve US$404M to support HIV response in 2023

by FurtherAfrica
May 28, 2022
Africa’s creative digital economy
Development

Africa must digitalize to achieve the 4th industrial revolution

by FurtherAfrica
May 27, 2022
Weekend – Arise Africa and Succeed!
Culture

Reflecting on Africa Day – post colonialization achievements

by The Exchange
May 27, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Best family-friendly lodges in Africa
Travel

Best family-friendly lodges in Africa

by Ubuntu Travel
May 28, 2022
0

Family safaris are openly the best! As a previous guide, I had the privilege to drive so many families, and...

Read more

Why Nairobi is one of Africa’s greenest cities

May 28, 2022
US brings partnership opportunity delegation to Ethiopia

USA and Mozambique approve US$404M to support HIV response in 2023

May 28, 2022
Africa’s creative digital economy

Africa must digitalize to achieve the 4th industrial revolution

May 27, 2022
Weekend – Arise Africa and Succeed!

Reflecting on Africa Day – post colonialization achievements

May 27, 2022

FurtherAfrica Partners

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?