Twitter and Sq. CEO Jack Dorsey has attended a Bitcoin meetup in Ghana simply weeks after he invested in a cryptocurrency startup.

Dorsey, who has lengthy defended Bitcoin, has been touring in Africa, and has up to now visited Nigeria and Ghana.

The tech billionaire spoke at a city corridor assembly in Nigeria, explaining he was in Africa “to grasp the challenges of beginning a firm right here and work out a means I can assist.”

Bitcoin in Africa

The usage of Bitcoin in Africa has lengthy made headlines. One specific report claims millennials on the continent can’t get enough of the cryptocurrency.

Elements of Africa have come alongside means in creating profitable cell cash fee rails to provide the unbanked a chance to take part within the formal financial system. Nonetheless, Bitcoin advocates say the cryptocurrency could take this even further.

For instance, In July this yr, Bitcoin trades soared in Zimbabwe after President Emmerson Mnangagwa’s authorities banned the usage of foreign currency for settlement of native transactions.

Eager to indicate his involvement within the continent’s cryptocurrency group, Dorsey publicly thanked fellow Bitcoin supporter and CEO of cash switch service Bit Sika for compiling a ‘Bitcoin Africa‘ checklist on Twitter.

Dorsey loves Bitcoin

Dorsey’s shenanigans ought to come as no shock on condition that he tweeted about Sq.‘s cryptocurrency recruitment drive earlier this yr, later opening as much as TNW in regards to the firm‘s plans for Bitcoin.

On the time, Dorsey stated the promise of cryptocurrency and blockchain know-how was geared towards empowering customers by providing unprecedented transparency and management — thus explaining why he envisions them as key parts of the web world.

In late October, Dorsey stated Twitter would by no means be part of Fb’s controversial ‘cryptocurrency‘ Libra, probably appeasing many staunch cryptocurrency supporters who vouch for decentralized choices.

Printed November 12, 2019 — 15:57 UTC



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