African States Still left out among the top 10 Countries Using Bitcoin in daily Transactions

in politics •  5 years ago 

Africa being the second larget continent endowed woth enourmous untapped natural resources with a over 54 independent state. Africa currently is projected to have a total population of about 1.3 billion people by as per the analysis of worldmetre with a combined GDP of $ 2. 19 trillion.

This figure is huge and thus it seems promising the growth expected in yet another decade could double the current figures, this is possible since Africa has been named as one of the fastest growing labor force meaning this will lead to enormous purchasing power and high demand for goods and service thus Bitcoin or any other alternative cryptocurrencies will play a major role in shaping daily economic and transactions in this continent.

Despite all this positive attributes Africa has a continent exhibits, none of the 54 African state has been ranked among the top ten countries to adopt bitcoin in its daily transactions, the list showing casing mostly the western counties ands its major economic hubs , where San Francisco toping the list, Vancouver Canada, Amsterdam, the Netherlands, Ljubljana Slovenia, Tel Aviv Israel. Zurich, Switzerland, Tampa - USA , Bueno Aires - Argentina, New York city and finally London Uk closing the list.

This is devastated and ironically that ever since the launch of Bitcoin a decade ago African states has failed to partially adopt the use of Bitcoin and other digital currencies, its high time Africa countries with the help of its government through its finance / treasury and its Central banks to come up with policies thst would be implemented so as to fully adopt cryptocurrencies transactions in it economic activities so has to have equally share in the digital cryptocurrency economy.

I believe soon or later African states or African as a continent will soon spare head a major caurse that will transform the crypto space and the the world economy if am told this cryptocurrencies does an intensive mass awareness in Africa as well as shifting or opening up a branch in this various African states so as to maximise on the untapped opportunity that is rendered idle in this rich resource endowed continent calles Africa

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