- In a Bitcoin meetup held in Nigeria, he was among those speaking for the progress of the digital currency which got momentous attention.
- Jack is in the limelight for his increasing attempts and forging ahead steps towards the crypto world and his strong support for bitcoins.
- Nigeria is among the most active nations if it comes to Bitcoin Google searches followed by other African countries like South Africa and Ghana.
Jack Dorsey, Twitter CEO recently gave a statement on twitter emphasizing that Bitcoin’s future is likely to be influenced by Africa.
In a tweet on November 27, Jack wrote
“Africa will define the future( especially the Bitcoin one!)”
He further highlighted his plan to spend six long months in Africa in 2020. He is already on travel to Nigeria and Ghana this month enriching his crypto knowledge. In a Bitcoin meetup held in Nigeria, he was among those speaking for the progress of the digital currency which got momentous attention.
Jack is in the limelight for his increasing attempts and forging ahead steps towards the crypto world and his strong support for bitcoins. His efforts to integrate bitcoin functionality with Twitter and Square have made him more popular in the crypto world.
His action on Lightning Network as a payment solution has simply added to his fame as the network enables the Bitcoin users to carry out transactions with almost no fee.
His comments were amidst the African’s increasing interest in Bitcoin. Africa, with such a large population, has a tremendous potential to be the game-changer for the crypto world and it’s escalating approach towards bitcoin very well justifies Jack’s comment. Nigeria is among the most active nations if it comes to Bitcoin Google searches followed by other African countries like South Africa and Ghana.
According to World Economic Forum, Lagos- the most populous city of Nigeria is going to become a giant potential and an unstoppable economy yielding a giant human resource capability with the highest population across the globe by 2100.
The pace with which the Africans are moving towards the crypto world with a huge youth population in the time coming is going to emerge as the most important protagonist of the crypto market-dominating it the most. Many sources reveal that Africa will account for 13 most populated cities in the top 20.
Other competitors like North America and Europe may have a good participation today but the African pace is destined to challenge them.
Taking inspiration from Chinese President Xi Jinping, Local government is already on the path to embracing the crypto world for instance Ghana.
Ghana officially revealed that it is planning a central bank digital currency but still the speed with which the government is showing trust in the cryptocurrency is very slow in comparison to the increasing potential.
Unfortunately Nigeria, in order to draw out the most of it’s enormous “human resource” potential needs a faster regulation with its law embracing the crypto-verse.