According to ghcryptoguy, Africa is the perfect innovation zone for blockchain and crypto startups. The Agenda podcast hosts maddopemadic and HorusHughes discuss the future of cryptocurrency in Africa.
The cryptocurrency space has no shortage of skeptics. While many people criticize the environmental impact of proof-of-work blockchains or the proliferation of scams, one particular argument against crypto often stands out: Blockchain has no real use cases.podcast breaks down this critique and explores the various ways blockchain and crypto can help everyday people.
Bitcoin also offers a better store of value for most Africans than local fiat currencies, Akyaw argued. Speaking on his own experience of living in Ghana, he said that “you can buy Bitcoin and keep it for the next one year or six months. It’s a better hedge against inflation than keeping the Ghanaian cedi.”
Finally, the crypto industry is opening up new opportunities on the continent. “At every point of development, Africa has been left behind,” said Akyaw. But the global nature of the industry and the fact that it’s still in its early development present a unique opportunity to participate and benefit from its growth.
“This is one of the first times where there is a big shift happening and Africans are able to contribute. Africans are able to benefit directly from the shift that is happening without it having to pass through an intermediary, which is usually the state. And I think it’s an amazing thing.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microstrategy Buys 6,455 More Bitcoin — Now Holds 138,955 BTC – Featured Bitcoin NewsMicrostrategy has purchased 6,455 more bitcoins for $150 million. The company now holds 138,955 $BTC. crypto cryptocurrency
Read more »
Bitcoin Millionaire Tim Draper Advises Startups to Keep Bitcoin as a Hedge Against a 'Domino' Run on the Banks – Finance Bitcoin NewsTim Draper, a well-known venture capitalist and Bitcoin enthusiast, has recommended bitcoin and other cryptocurrencies as part of his cash diversification advice for business founders.
Read more »
Tractor Protests Spread: 5,000 Slovenian Farmers Against Green Agenda5,000 farmers are said to have taken part in a tractor rally in Slovenia in order to protest EU green agenda rules in the country.
Read more »
Ron DeSantis pushes school vouchers up culture war agendaA new law allowing for universal school vouchers in Florida could become part of a potential presidential platform for the Republican governor.
Read more »
Prosecutors quit over Soros-funded DA's radical agenda as families vow to fight backAlameda County District Attorney Pamela Price is facing fierce scrutiny after she proposed a plea deal to slash the sentence in a triple murder case.
Read more »
Biden Cabinet official forced to admit climate agenda is strengthening ChinaInterior Secretary Deb Haaland, who oversees major federal energy and land management decisions, acknowledged Tuesday that China benefits from the global green energy push.
Read more »