With 70% Population Unbanked, Future of Bitcoin in Ghana is Bright
Aside South Africa, Kenya and to some extent the Federal Republic of Nigeria, Bitcoin doesn’t seem to be penetrating other African countries. Many have attributed it to lack of infrastructure and ignorance of the digital currency. Godwin Bush, Director of Operations at PmCedis Capital, an Accra based Bitcoin Exchange, spoke to Cointelegraph about the future of Bitcoin in Ghana. He stated that Bitcoin adoption in Ghana is invigorating but it is most popular among the young generation. It is significant to mention that Bitcoin has an enormous power to lift the copious unemployed Ghanaian....
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Ghana Dot Com has put Ghana on the Bitcoin mining map by starting a Bitcoin mining farm. Bitcoin mining has entered the African continent; the very first Bitcoin mining facility in the region is now in Ghana. Africa has always been a center of attraction for both Bitcoin and fintech-based businesses. The African continent has provided a lot of positive PR to the Bitcoin ecosystem – It has been and still is the testing ground for Bitcoin-based basic alternate financial services. Banking the unbanked is one of the taglines for the digital currency and there is no dearth of the unbanked and....
As Bitcoin has become a global phenomenon, with the acquisition of super-corporations like Microsoft, Dell Computers, and Paypal, let's not forget that Bitcoin has more humble, but even more important aspirations. Probably its best skill is to bring global finance to the "unbanked" worldwide. Adding international reach and exchange to those who are challenged to deal locally even in a valuable currency. The ability to educate the billions of people who want and need this new technology is vital, and dare I say more important than enriching Western societies with a new investment strategy.....
Ghana is one of the few African countries that is hopping on the cryptocurrency train. The country is particularly taking concrete steps towards embracing this innovation. During the Fifth Ghana International Trade and Finance Conference in Accra, The Vice President of Ghana – Dr. Mahamudu Bawumia – said that African governments should embrace virtual currencies. […]
Stellar Development Foundation is a nonprofit organization working on bringing banking and financial services to the unbanked across the world. A simple Google search is enough to know that there are over 2.5 billion unbanked adults across the world. These people don't have access to, or don't use banks or any microfinance institutions to manage their money. Most of the unbanked population are from the developing countries in African, Asian and South American continents. The unbanked population in these regions do not have access financial institutions or services for multiple reasons.....
If every single investor was as bullish on bitcoin as Michael Saylor and Cathie Wood, we’d look to the future with bright optimism.