Whaleshares Logo

Nigeria & Ghana Rocking it in Global Crypto

indigooceanPosted for Everyone to comment on, 5 years ago2 min read

Hey look at this: Nigeria and Ghana Named Among Leading Cryptocurrency Market Globally

I'm so proud of all my friends here from Nigeria and Ghana!

Keep on rocking it!

From the Article:

Young Africans Seeing a Bright Future in Bitcoin
Generally, African youth are faced with a stringent unemployment problem coupled with poverty at family levels. Cryptocurrencies open up future for a new beginning for Africa. Cryptocurrencies offer cost-effective access to global financial systems and a link to affordable e-commerce.

In Africa, cryptocurrency is for satisfying personal financial needs and commercial ventures. Cryptocurrency prefers for transferring goods and services and money both locally and internationally.

In some countries, cryptocurrencies act as an edge against the constant fluctuation local fiat currencies. Cryptocurrencies are also profitable as their average prices always increase over time. For Bitcoin accepting merchant, profits are maxed when sales of goods are done in cryptocurrencies since price changes are included in the price of the commodity.

'The adoption of Bitcoin across the globe re-affirms our belief on crypto to become mainstream financial system. As the case with other disruptive financial tech innovations like mobile money. Africa is leading the peer-to-peer financial revolution. Our aim is to continue to partner with consumers to expand access the global financial system.” says Ray Youssef, CEO of Paxful.'

Paxful says it realized that there is a lot of potential customers for cryptocurrencies on the African continent. The company revealed that it improved its mobile capabilities to cater to the widespread use of smartphones on the continent.

CTO Artur Schaback reveals that the company experience from Africa is strengthening their capabilities in other parts of the world. Meanwhile, some African nations are still hesitant about cryptocurrencies, other leading nations like Nigeria and Ghana are already moving ahead.


Source

Sign Up to join this conversation, or to start a topic of your own.
Your opinion is celebrated and welcomed, not banned or censored!