They say, the land where China keeps an eye either goes to the dust or it starts to flourish. Africa has mix of those days. They have their share of the potential chinese debt invasion. But it doesn't end up in dust instead they have found themselves in the middle of worlds blockchain growth. The adoption in the Africa is rising as far as the crypto is concerned.
Digital is already heavy in Africa and now the things have started improving on the Crypto side too. Recently there is some data that came out regarding the crypto adoption in Africa. It is estimated to be $127M worth of growth is documented.
What does this mean for Africa and rest of the world?
More Crypto and Blockchain Startups
When more and more local people adopt the blockchain, then that means the startups are going to be there. Those startups could be doing the global or the local work. Like in finance, real estate and many other tech niche that can make things easier for the adoption of the crypto and blockchains in general. This also means that there is going to be a growth from the jobs side.
Job creation is something that would happen on the tech side. More people would be relying on the blockchain data for the development of the economy. This means that Africa won't be just another supply chain and manufacturing hub but also the tech hub. Which is a good development that we are going to observe.
More Non-USD dependent International Transfer of Value
World is dependent on the USD a lot. And we have to change that narrative. Instead we have to make use of the decentralized reserve like crypto or even any other world currency in order for the transfer of value. This way we won't be limited by the sanctions of the imperial western nations, which we all know could slow down the economy. So in order to change that narrative we have to think of the alternative transfer of value in Africa and hope for something better comes out of.
Potential Thriving Africa, If...
Africa has a lot of potential. Most of the brain drain in Asia and Africa is happening because those who are left behind are always caught up in the greed and the development locally does not happen. Africa has a lot of threats in upcoming future. Threats like imperial nations trying to destabilize the african economies and pushing the talent through brain drain is the most mild one. Chinese land grabbing in the name of debt is another threat that would be on both Africa and Asia too.
We don't know what could be the possible future unless we don't keep tab on how the future is unfolding. So let's hope for something best comes out of the blockchain and tech growth in the Africa. I am sure the blockchain if handled properly can benefit entire world and so does the Africa..
