In a recent visit to Africa ,Jack Dorsey The CEO Of Twitter and Bitcoin Enthusiast said that "Africa is the future of Bitcoin'' . He traveled to Countries like Ethiopia,Ghana,Nigeria and South Africa and become amazed with the crypto adoption, specially the Bitcoin that is getting adoption in Young Africans.
But why He believes that "Africa will be the future of Bitcoin''?!
Africa have a good environment to adopt and use massively the Bitcoin and with an estimated unemployment tax of about 80% and People not using the conventional Methods of saving money like Banks and store the savings in mobile wallets and pillows it's a fertile Terrain to use the Bitcoin and other Cryptos.
It's notable to see projects from Africa like the Cryptocurrency ECO that is galvanizing the market and also initiatives from the Singer Akon with the Akoin projects that are trying to fight the huge number of unemployment between the most important people in need in the Continent ,the Youngsters.
Projects like Luno that are moving Millions in Dollars from Cryptocurrency in the African Market,being South Africa and Nigeria are the Markets with more liquidity In the continent. South Africa also have the most numbers of Bitcoin ATM Machines In the Continent.
There is a good environment to the Development of Cryptocurrency and most Government are favourable also there is cases like Ghana where are plans to create their CBDC , Lesotho with the Blockchain Technology to improve better Quality of life and the Poverty.
There are plenty of factors that could lead the Bitcoin adoption in Africa that triggered the CEO of Twitter to say those words,that actually I believe...Jack Dorsey got so in love with Africa that plans to Live In the Continent in 2020!
That's the case to Say "Welcome to Africa Jack Dorsey".
