Bitcoin is a digital currency that operates on a decentralized system and has gained significant popularity in Africa in recent years.
Bitcoin has the potential to play a significant role in Africa's economic development by providing financial inclusion, reducing remittance fees, creating new business opportunities, and increasing transparency and accountability.
What Bitcoin effect on Africa is no different from how it disrupts financial institution in global term. It allows everyone to have a boundless transaction without the need for a third-party institution. Depending on the government, its regulation may or may not make Bitcoin show its potential.
Bitcoin is a digital currency that operates on a decentralized system and has gained significant popularity in Africa in recent years.
Bitcoin has the potential to play a significant role in Africa's economic development by providing financial inclusion, reducing remittance fees, creating new business opportunities, and increasing transparency and accountability.
I think Central African Republic has adopted bitcoin has a legal tender, but the highest bitcoin enthusiast country of bitcoin in the African popular is Nigeria. Nigeria has not adopted bitcoin has a legal tender because her present leaders hate bitcoin but yet it leads the uses of bitcoin in the Black Continent. Bitcoin has really helped a lot of youths in the African continent to become and gaining their financial freedom from the unproductive bad leaders.
Yeah it is only the Central African Republic that adopted Bitcoin of the many countries in Africa, even though much more of the Nigerian people are the one taking advantage of the opportunity Bitcoin offers, sadly their government as still on the neutral area about Bitcoin adoption.