The crypto currency market in Africa is developing rapidly, which can bring huge benefits to the African economy.
In the 2017 year, Africa significantly increased, including because the Crypto-currencies in Africa traded at a premium of 40%, which is significantly higher than the world average.
Africa – the future of Crypto-currency
According to the World Bank, 34% of adults in sub-Saharan Africa were the actual owners of the bank account in 2014, but 12% were the holders of funds on mobile accounts at a time when the world average was 2%. This creates wide opportunities for the introduction and wide distribution of crypto-currencies in African countries, which can become the largest in the world.
The massive growth in the use of crypto-currencies in Africa was registered by banks and payment systems. This, in particular, tries to take advantage of Bitcoin-company Luno, which predicts the growth of the Bitcoin user base to 1 billion users during 2025 year.
Coinbase, in turn, plans to cooperate with Kenya's M-Pesa payment system, which is used by 20 million customers in sub-Saharan Africa. Kryptomoney.
Author: Evgenij Novožilov, Analyst Freedman Club Crypto News
Image from Fotolia
Source: Read Full Article