The Bitcoin is growing in Africa

According to many reports this week, the Bitcoin is still booming in many african countries. Of South Africa the sub-saharan region, citizens from all walks of life find Bitcoin to be very beneficial for their economies. This is to show the volume of exchanges of crypto-currencies and the number of companies specialized in the field. In addition, the Bitcoin is trading today in these countries at higher prices.

Check out below the video detailing these reports :

The interest of Africans to the Bitcoin

The digital currency has the wind in their sails in Africa, according to many reports and the data trends revealed by Google. One of the groups to which the Bitcoin uses is that of the millennials africans, reports the columnist Catherine Byaruhanga in Uganda. For example, a young resident of Kampala, Peace Akware, hopes that his investment in Bitcoin will increase enough for it to be able to buy a vehicle and maybe even one day purchase a piece of land.

Gerd Altmann, Source : Pixabay

Another person of Kampala, Martin Serugga, teaches young people of generation Y the world of crypto-currencies in its establishment more than 50 students attend. It teaches them how to invest in the virtual currency. Other reports state that since the economic and political crises in South Africa, inhabitants have started to take an interest in Bitcoin. The company’s exchange, Etoro, has seen an increase in users in march when the minister of Finance, Pravin Gordhan has been sacked.

The volume of transactions is on the rise

More densely populated areas such as Sudan, South Africa and Kenya continue to see their adoption rate rise. The chief marketing officer of the digital enterprise Luno, Werner Van Rooyen., says that thousands of transactions are performed every week by the South african. In addition, the recent resignation of Robert Mugabe has caused the rise in price of Bitcoin in Zimbabwe compared to the world average.

The expert in digital security, Neil Blazevic, believes that these emerging technologies can transform Africa as the telecommunications system.

Source : NewsBitcoin