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- Binance has been talking with Nigerian authorities to establish a digital economic zone.
- Cajutel has been capturing west Africa with their high-speed internet.
Africa has been one of the most attractive countries in terms of crypto adaption. In 2021 Nigeria placed a ban on cryptocurrency but now authorities are looking to establish a digital economic zone with Binance. In contrast, Cajutel has been in West Africa for a long time. They have been working tirelessly to establish a 100% solar-powered high-speed internet in Sierra Leone.
Nigeria is Africa’s most populated country and is targeting digital technology as a means to diversify its economy. Fintech startups such as Interswitch and Flutterwave have seen strong billion-dollar valuations. Binance has been trying to establish a digital economy hub as a cryptocurrency as it has been in huge demand in Nigeria. Meanwhile, Cajutel has already established a strong presence in west Africa with a strong adaptation.
Crypto Comes To West Africa With Cajutel
With the advent of crypto adaptation, various projects are coming into the market but some of the projects have established a strong base. Cajutel is one such project who has made crypto adoption in West Africa possible. Cajutel is a Guinea-Bissau company that is under Swiss ownership. They are increasingly developing high-speed internet in West Africa. If Binance comes to West Africa then the combined force with Cajutel can make West Africa a central hub for crypto.
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In a recent interview with Crypto Rich Cajutel team Member, Foday Musa revealed that they have 100 towers existing, and eight are yet to come. They are fully solar powered and are giving services. They use their funds to build products rather than faking the investors with no backing. One can visit the website Cajutel.sl and check their prices and where towers are placed. The price of the service they provide is very less in comparison with their competitors.
Is Cajutel Best Bet For Blockchain In WestAfrica?
Cajutel ICO came in 2017 and has made a large impact on the general public. The internet provided by them is used by the general public as well as an established business. From government institutions to NGO’s everyone uses Cajutel internet at affordable prices. Cajutel has long been in making West Africa a digital economy hub before anyone thought of that and will be long present till the end of time.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
