Written by 12:49 am Bitcoin

Stakeholders to brainstorm on bitcoin

Bitcoin expert, Jack Joseph, will be among other stakeholders to x-ray the future of Bitcoin at the first Africa Bitcoin Conference billed to take place in Accra, Ghana.

A statement by the organisers said that Joseph would be the highest net worth Bitcoin trader at the conference.

It stated that the conference scheduled to hold in December woud feature keynote addresses, presentations, panel discussions, workshops, exhibitions, hackathons, and other exciting activities.

The statement said over the past few years, there had been a massive surge in the adoption and use of crypto currency across the world.

It stated, “In Africa, even though internet penetration is low, the growth has been phenomenal with a 1,200 per cent increase in adoption between June 2020 and July 2021.

“This growth has been likely contributed to by the numerous crypto developers, technologists, investors, advocates, and educationists operating in African bitcoin ecosystems.”

The statement added, “In Africa, Nigeria is ranked first in the 2021 Global Crypto Adoption Index, followed by Togo, with Nigeria topping the peer-to-peer global rankings. Though there is a huge driving force behind the scenes for the bitcoin market in Africa, there is little discussion on the tremendous opportunities bitcoin offers and the future of bitcoin within the continent.

“This has created the need for increased collaboration among the various contributors to the crypto currency industry to reinforce knowledge and resource sharing as well as deepen networking between African actors and those operating in developed nations.

“Bitcoin has transformed the way people interact with money and the global monetary system.”

According to the statement, over 300m crypto users have emerged over a decade, far outnumbering the annual adoption rate of other digital innovations such as the internet or mobile money.

It stated, “Despite having the lowest internet penetration in the world, Africa has experienced the fastest growth in bitcoin adoption. The Africa Bitcoin conference will bring together top thought-leaders and pioneers in the global industry, creating an ecosystem for all to learn, network, and collaborate.”

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