Twitter's Leader Govt Officer, Jack Dorsey, has introduced this week that he has deliberate to transport to Africa for as much as six months within the subsequent 12 months. According to him, Bitcoin has stood the test of time, sustained despite experience massive backlash and darkest times and that no other currency can portray the stability Bitcoin offers.
Dorsey seems to be convinced that Africa will be the decisive factor in Bitcoin's success and that he plans to play a crucial role in promoting it in the region by living, touring and meeting people there. The Twitter and Square CEO announced his plan in a Wednesday tweet after wrapping up a almost three-week tour of the continent, with stops in Ghana, Nigeria, Ethiopia, and South Africa.More news: "Frozen 2" Rules Weekend Box Office, "Queen & Slim" Has Moderate Opening
Jack Dorsey is easily one of the most popular Bitcoin believers from silicon valley who went on to declare that his beloved firm has no plans to launch a cryptocurrency because Bitcoin, and only Bitcoin, has the potential to emerge as the standard currency of the internet. "In emerging markets like Africa, the shallow reach of traditional money systems means there's less resistance to new financial technology", he told Decrypt.
Digital currency firms have been busy in Africa, and perhaps, the CEO of Twitter is onto something.More news: England coach Chris Silverwood to leave New Zealand tour
One software developer made a big impression during a visit Dorsey to Nigeria's commercial hub of Lagos. Now, Bitcoin (BTC) is flooding out of the country and into other African nations because of the ambition of the Nigerian Bitcoin community and Paxful. The service has more than 3 million subscriptions - and 45 percent of its subscriptions are from Africa.
Major trading platforms are now expanding into the continent. Just previous year, Binance launched Binance Uganda, a fiat cryptocurrency exchange which allows for the direct conversion of Ugandan Shillings into Bitcoin.More news: NASA spots Israeli spacecraft’s crash site on Moon
In addition to its cryptocurrency exchange in Uganda, Binance's philanthropic wing is operating a program called Lunch for Children, which uses donated cryptocurrencies to buy lunch for kiddos-specifically, the donated crypto is redeemed to pay suppliers for food.