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Africans urged to bolster adoption of Bitcoinsm

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Africans urged to bolster adoption of Bitcoins

Stakeholders within the Africa digital trading sector are pushing for the strategic use of Bitcoins on the continent.

This according to the players will give users a trading avenue which is not directly impacted by the global high inflationary rates currently confronting countries.

Speaking during the maiden edition of the African Bitcoin Conference in Accra, the Convener of the Africa Bitcoin Conference, Farida Nabourema believes that Africans must adapt to the new trends of using digital currency.

“The African Bitcoin Conference is an initiative of making Bitcoin more understandable and accessible to the African population. We want the African youth to understand all the complexity of the technology of the Bitcoin and read into the innovations’’ She said

“The Africa Bitcoin Conference has seeks ‘bitcoinizing’ the content and to achieve this, we need to make information accessible to all,” she added.

Farida Nabourema also explained that the advantage of Bitcoin reduces the incidence of political leaders from manipulating with the funds of the ordinary citizens. She thus encourages policy makers to consider favorable laws for the usage of Bitcoin.

“Check the data, do research and ask how this innovation will contribute to your country’s growth. Most elite people who are against it today are those taking advantage of the masses for their own profit.”

The 3-day conference which attracted participants from across the globe was climaxed with the opening of a Digital training centre at Kumasi powered by Paxful , a lead peer-to peer digital platform.


Source: CBN

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