Waivio

Recommended Posts

How is Africa viewing cryptocurrency

0 comments

easycheta0.002 years agoHive.Blog

Cryptocurrency is a topic of growing interest in Africa, and different countries on the continent have different attitudes towards it.

https://images.hive.blog/DQmSYYjHQPqpJp7orjxZfdqw2uPozxRjPnaDHeHZVhUqoq1/2Q==(3).jpg
image

Some African countries, such as Nigeria and South Africa, have seen a surge in cryptocurrency adoption in recent years, with many individuals and businesses using digital currencies like Bitcoin as an alternative means of payment or as a store of value. This is largely due to the fact that traditional banking services can be difficult to access, expensive, or unreliable in some parts of Africa, making cryptocurrencies an attractive alternative.

https://images.hive.blog/DQmNZYpXw6xMRH94BJRiXn6n9gCPAK1G6mnUBv9N6EBp3St/images(1).jpg
image

In other African countries, however, governments have been more skeptical of cryptocurrencies. For example, the Central Bank of Kenya has warned against the use of Bitcoin and other cryptocurrencies, citing concerns over their potential use for illegal activities like money laundering and terrorism financing.

Overall, the views on cryptocurrency in Africa are mixed, but the technology is certainly generating interest and gaining traction in some parts of the continent.

I love to know what you think about this topic from your comments.

Comments

Sort byBest
AI
Waivio AI Assistant
How can I help you today?