Bitcoin fever has only rebounded in China in the past few weeks, but in other areas thousands of kilometers away, the cryptocurrency has always been a concern for 12 months. It is Africa. The statistics of Google Trends, Nigeria and South Africa share the top two places in the top 5 most searched countries for Bitcoin.
In fact, Ghana is in fifth place while Australia and Switzerland are out of the top five. Although the high position of African countries may surprise many, it is not too surprising that the potential Blockchains and cryptocurrencies bring to African nations is immense.
More interestingly, a more in-depth study showed that the top two countries had different reasons for their concerns. In Nigeria, the boom relates to the phrase "Mr. Benson Bitcoin, ”which is the name of a song by a local artist called Bitcoin. Faststart 9 Review
In South Africa, the center of the search involves the keywords "Ladysmith Bitcoin" and "Sgumza Bitcoin", revolving around a Bitcoin scam in the town of Ladysmith. A person named Sphelele 'Sgumza' Mbatha is accused of using something called a "Bitcoin Wallet" to defraud, currently running away from police searches.
More than Bitcoin scam
The interest through relevant searches in Nigeria and South Africa paints a picture of the opportunities that citizens of these countries miss. But of course, the great potential for Bitcoin and Blockchain to affect African countries remains.
Part of the potential that Bitcoin offers is its ability to be an option for those who feel unjust. Many citizens have missed opportunities to use banking facilities because of the overpopulation in rural areas and limited access to banks. So Bitcoin could be a viable alternative.
Moreover, blockchain technology is also seen as a way to enhance financial inclusion through the creation of a digital identity, another aspect that makes it difficult for many South Africans and Nigerians to open bank accounts.
It is estimated that 80% of all sub-Saharan Africa does not receive justice in the above issue.
Advances in Africa
The potential and potential for cryptocurrencies and blockchain progress in Africa seems to be maturing and developing. People like the United Nations have even announced portions of the continent maturing to become the next frontier for digital currencies. But with personal interest now booming, everything could be ready for a big push. Lazee Profitz Review
If the interest and education around Bitcoin and Blockchain can continue to grow at the same rate as the advancements of space in Africa, there is a significant possibility that some important issues are gradually disappearing. in these low GDP countries. But searches on Google show that there are still a lot of ugly plays and illegal technology behavior.