Bitcoin Bring Respite to Africa

Inflation runs high in Africa and bitcoin could be a potential alternative to regional currencies. African central banks have consistently followed policies that have eroded the purchasing power of their citizen’s money. As a result, bitcoin will offer Africans a choice and another option for money as a store of value.

Bitcoin has been portrayed by many as a medium of exchange for illegal and unground activities. Less attention has been devoted to the use of bitcoin as a way for people to circumvent disastrous, governmental policies that are so common around the world. We know bitcoin demand has been strong in Venezuela and Zimbabwe. How have the most populous African countries managed their fiat money stock.