Bitcoin is spreading rapidly in Africa as well

Cryptocurrencies are gradually being discovered in Africa. Countries such as South Africa, Ghana, Kenya, Botswana, Zimbabwe, and Nigeria have rooted cryptocurrencies, predominantly Bitcoin. recognizes the importance of cryptocurrencies.

Over 100 businesses accepting Bitcoin

South Africa has over 100 businesses accepting Bitcoin. Undoubtedly, the liberalization of telecommunications on the continent significantly increased internet accessibility in the spread of cryptocurrencies in Africa as well.

Cryptocurrencies can contribute to economic development in the long run

According to the figures from GSMA According to the survey, half of the population in Africa is mobile phone subscribers. In addition, statistics show that smartphone usage on the continent has doubled in the last two years. In Africa, which is a developing market, cryptocurrencies are predicted to create a circle of economic development in the long run.