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.
Bitcoin has the same potential to play a role in the African continent as it does in the rest of the world. There is no discrimination or preferred location to be used. The Central African Republic has adopted bitcoin use in the country, but Nigeria, a bitcoin enthusiast country, has a larger number of people using it than the Central African Republic.
With Nigeria ranking among the top countries in Africa, the adoption of bitcoin in Nigeria will be great news for the bitcoin community. This is similar to the case of El Salvador, a weaker country in North America, where adoption has had little impact on the entire region. Consider a more powerful country adopting it, it’ll enhance its adoption more even in other countries.
bitcoin may not be the dominant currency in africa, but i believe it is already providing so many opportunities to its people. just look at their boards in this forum, and you will understand that in some ways, the rise of crypto market changes a lot of their lives in so many aspects.