Jack Dorsey Bitcoin Africa
Bitcoin | News
Jack Dorsey: Africa Will ‘Define’ The Future Of Bitcoin
November 29, 2019
Jack Dorsey Bitcoin Africa
Bitcoin | News
Jack Dorsey: Africa Will ‘Define’ The Future Of Bitcoin
November 29, 2019

Jack Dorsey, the CEO of Twitter and Square, has predicted that Bitcoin (BTC) will see its future “defined” by Africa.

On November 27, Dorsey said in a tweet that he would return to Africa in 2020 after spending time traveling in Nigeria and Ghana this month. 

However, during his stint in Nigeria, Dorsey attended a Bitcoin meetup, continuing his personal advocacy of the cryptocurrency. 

The tech mogul has become famous for his Bitcoin support, having pledged to integrate its functionality into both Twitter and Square. He has also publicly endorsed the Lightning Network as a payment solution, something which allows Bitcoin users to send funds instantly for next to no fee.

ALSO READ :  Bitcoin Overtakes Gold For The First Time Since June

Similarly, Dorsey’s comments come as Africa continues to generate significant interest in Bitcoin. As it has been reported, Nigeria regularly features among the most active countries in terms of Bitcoin Google searches, along with fellow African nations such as South Africa. 

However, Lagos, Nigeria’s most populous city, is tipped to become a giant metropolis of over 32 million people as soon as 2050, adding to its weight as a market for the cryptocurrency.

According to data from the World Economic Forum, it will be the most populous city in the world by 2100. 

In total, by the next century, 13 of the top 20 global cities by population will be in Africa. Local government has so far taken a risk-averse stance on Bitcoin. This month, Ghana revealed it was considering a central bank digital currency, or CBDC, in line with plans from China. 

ALSO READ :  Balancer DeFit Protocol Hacked Twice Within 24 Hours

Thus, Nigeria has yet to adopt formal regulation of cryptocurrency.

Source: cointelegraph.com

Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

AXA To Offer Its Customers Pay With Bitcoin

AXA To Offer Its Customers Pay With Bitcoin

AXA, Europe’s second-largest insurance firm, has planned to offer its customers the option to pay their bills with Bitcoin (BTC) through a collaboration with the established cryptocurrency broker Bitcoin Suisse. It has...

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.