Crypto News

Cryptocurrency will save the African economy

Nigerian technical experts in the industry believe that the African economies can be improved through the use of blockchain-based solutions and the replacement of Fiat to crypto currencies.

If you look at a map of the distribution of cryptocurrencies, Africa remains the most deserted continent. Looking at the world experience in working with bloccano and digital currencies, the group of experts from Nigeria called on the authorities to regulate this sector. In their opinion, the willingness of the legal framework will direct the forces of technology and cryptocurrency at eradicating the problems of the African continent.

During a recent meeting of specialists in the blockchain industry in Nigeria chief operating officer of the company Blockchain Solutions Limited Lucky Uwakwe cited statistics of the growing popularity of cryptocurrency in the world. According to the data, 65% of people know about this financial tool, 25% own digital assets, 51% believe bitcoin is a good investment, and 16% use them to shop online.

Additionally, it was noted that 19% of people participating in the study, use cryptocurrency as a tool for remittances.

During the meeting, the experts proposed to use Africa as experimental base: countries, mostly with weak economies, unable to provide the conditions for the enrichment blockchain projects, but the team may be interested in the possibility of initiating a test of their technical decisions on their lands.

Earlier, the blockchain were involved specialists from the UAE UAE Exchange for payment of the organization channel Asia.

Source:cryptofound.com
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