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Africa is the second-largest and second-most-populous continent in the world. It is widely accepted as the earliest place inhabited by modern humans. Africa is home to at least 54 recognized states and is also considered the poorest continent in the world, despite being rich in natural resources. The widespread economic underdevelopment is attributed to a variety of factors, such as corrupt government regimes, frequent military conflict, harsh climate, and lack of access to foreign capital and modern medicine. However, in 2016 this situation is changing rapidly. Economies of African countries are being quickly modernized, displaying annual GDP growth of up to 6%. Bitcoin is one of the major drivers of African economic development, allowing some of the poorest, unbanked inhabitants of the continent access to global capital.
Blockchain technology is giving Africa the opportunity to stand on its own without depending on the generosity of Westerners.
The World’s combined Bitcoin mining operations consume more power than most African countries.
Most Africans can’t afford a full Bitcoin, but ICOs are within their reach.
Moroсco have banned transactions using cryptocurrencies - citing significant risks due to a lack of regulation
Bitcoin price has surged on the Zimbabwean exchange following a successful military coup d'état.
Bitcoin could solve a lot of Africa’s problems, but its uptake has been slow.
A new Bitcoin exchange has launched in Nigeria with the aim of becoming an “exchange for Africa.”
Digital Currency Exchanges Illegal Under Law, Says Bank of Namibia
The maximum impact of Blockchain won't be felt in the West, but in Africa where it is most needed.
Food for Thought
Cryptocurrencies have the power to haul Africa on par with the rest of the developed world as they leapfrog the dying financial institutions Blockchains can rep...
Nigeria is poised to become a leader in Blockchain, as government invites collaboration with businesses and investors.
The peculiarity of the African continent qualifies it as a viable hub for Blockchain solutions.
Inadequate infrastructure is a major problem faced by Africa and other developing parts of the world.
Bitcoin growth continues in Africa’s big cryptocurrency players, but there are also baby steps in Tanzania.
Tropical Island Mauritius is a likely destination for Blockchain innovators to settle as a technology hub that has the government's backing
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