Name: The 10 African Countries Adopting ₿itcoin & Cryptocurrencies in 2023 🌍⚡💰
Uploaded: 2023-02-17T05:39:21+00:00
Duration: 17 min 49 s
Description: While ₿itcoin and Cryptocurrencies are trending as a hedge against inflation and as an investment in the West, Africa has been using it as a necessity. It should come as no surprise that the countries

1 year ago

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While ₿itcoin and Cryptocurrencies are trending as a hedge against inflation and as an investment in the West, Africa has been using it as a necessity. It should come as no surprise that the countries first to adopt ₿itcoin are the ones who need sound money the most. The IMF has control of Africa's banking systems, yet the vast majority of Africans remain unbanked. Inflation is so high, in some areas fiat currencies have lost half their value overnight. The highest rate of ₿itcoin adoption and usage is in Africa. Africans trust decentralized ₿itcoin more than anything offered by the Centralized Banking System. It has saved and transformed lives, much to the disdain of the IMF.
https://www.imf.org/en/Blogs/Articles/2022/11/22/africas-growing-crypto-market-needs-better-regulations

The adoption of Cryptocurrency in Africa has been hiccupped with resistance from local governments as many countries are yet to figure out how to regulate it. However, it is becoming clear every day that the wave of digital currencies seems unstoppable.

The Cryptocurrency market has grown rapidly over the past few years as Crypto adoption rises. It has gained acceptance among a large proportion of the low-income population and Africa where the predominantly young population is considered to have the fastest adoption rate.
With the other continents experiencing massive Crypto growth over the past few years, is Crypto set to soar in Africa in 2023?

As more and more people are jumping on the crypto wagon, its legal status globally has seen significant shifts, from countries legalizing Bitcoin and other Cryptocurrencies, to others banning them.

Some African countries have also started to explore the use of Central Bank Digital Currencies (CBDC) as a way to promote financial inclusion and support a cash-lite economy, while some have piloted their own Central Bank Digital Currencies (that thankfully many Africans don't trust and are staying the hell away from).

So in today’s video, we will talk about the top 10 African countries adopting digital currencies in 20 22. The last country is a surprise you don’t want to miss, so make sure you watch this video to the end to find out.

Original Video by The New Tourist: https://www.youtube.com/watch?v=9MhLMDVpCrE