Bitcoin Running Riot In Africa With High Tradings

Bitcoin Running Riot In Africa With High Tradings

As the bitcoin wind blows across the entire continents, Africa is not left behind.
Parts of Africa have already come a long way in
developing mobile money payment systems that give
the unbanked millions a chance to move into the
formal economy.

Africa's Power houses such as Kenya,Nigeria and South Africa have already blown a kiss to bitcoin trading.

Tanzania is the latest in Africa to hold in high esteem with bitcoin as weekly LocalBitcoins volume has been up in the second week of July which saw 83 mln Tanzanian shillings (TZS) worth of trading in that week.

Tanzanians flied about at 14 BTC in the second week of July and almost a 33 percent increase from the week prior.
Although not that impressive when converted to the USD, about $37,000.

This shows that cryptocurrencies in the near future will
be widely known as payment options for a wide range of purchases, from online shopping to the local supermarket.

Expectations so far as the other members of Africa will follow same trend.

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