CRYPTOCURRENCY AND THE AFRICAN PERSPECTIVE

in #cryptocurrency9 years ago

In what way can the African continent impart the future of cryptocurrency today?
Africa is the worlds largest and second most populous continent.It covers about 6 to 7% of the Earths total surface and 20.5% of its total surface area. it has a population of about 1.4 billion people as of 2017. Which accounts for 16% of the world population.
WHAT IS CRYPTOCURRENCY?
According to Wikipedia, a cryptocurrency is a digital assert designed to work as a medium of exchange using cryptography to secure the transaction and to the creation of additional units of the currency.The aim of using cryptocurrency is to eliminate a host of problems involved in transactions such as third part interference, delay etc.

2 ADVANTAGES OF CRYPTOCURRENCY AND HOW AFRICA CAN BOOST IT
Accessibility: the use of cryptocurrency is accessible to all.Approximately 2.3 million people use the internet everyday, and Africans add to it.According to statistics, Kenya’s M-PESA system, a mobile phone-based money transfer, and microfinancing service recently announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet.
Immediate settlement:the use of cryptocurrency eliminates third party interference associated with purchase of commodities.this would go a long way to boost the economic of most countries in the world, especially Africa. According to statistics more than 50 million people search the internet everyday in Nigeria, and i assume that the reward for the Africans would be awesome

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