Home » Spread of Bitcoin in Africa

Spread of Bitcoin in Africa

The Future of Bitcoin in Africa

Bitcoin is a popular cryptocurrency across the world today and even African countries are already picking up the pace. So far, Africa looks promising for cryptocurrency, and the Arcane Research Report on the State of Crypto in Africa further buttresses this point. This is due to several common factors in these countries, such as failing currencies, costly payments, lack of banking infrastructure, and more. These factors are enough reasons to make anyone move towards any other option that provides something better. For Africans, that might be Bitcoin. Bitcoin is a decentralized currency with no third-party institution like a bank, which makes transactions seamless across countries anytime and anywhere.  Political Instability Although political instability can be seen in many countries,...