- It is Africa, and not Europe, that will be Bitcoin’s next frontier
- Poverty and other development areas will spur adoption in the continent
Jack Dorsey, Twitter CEO and big cryptocurrency enthusiast, has predicted that despite the accelerated development and adoption in the European countries, it is Africa that will determine the future of the industry. He expressed his opinions regarding this matter at the end of his African tour of Nigeria and Ghana via Twitter. He also wants to tour the whole continent in 2020.
Dorsey is one of the most outspoken proponents of the world’s largest cryptocurrency. He has called for people to invest in Bitcoin, in stark contrast to other tech billionaires who have mostly spread caution regarding the industry. Dorsey has also called for greater use cases of the cryptocurrency to bring it to the mainstream.
He sincerely believes that Africa will be the next frontier of Bitcoin and to promote this he is planning to live more than six months in the continent next year. During his recent stint in Nigeria, he also joined up with a Bitcoin meetup to exchange ideas.
The move comes after Africa is coming to the forefront both in use cases of cryptocurrency and the adoption of blockchain technology. Along with poverty alleviation and area development, Africa will likely become the biggest adopter of bitcoin in the near future. People like Jack Dorsey will have a huge role to play in the near future.
Image Courtesy: pixabay.com