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Twitter CEO Says Africa is the Future of Bitcoin

Twitter CEO Says Africa is the Future of Bitcoin
  • It turns out Africa, is going to be defining the future of the leading cryptocurrency as predicted by one of the best-known proponents of Bitcoin.
  • Twitter and Square CEO Jack Dorsey said that he would be going back to Africa next year after spending time travelling in Nigeria and Ghana this month.

It turns out Africa, is going to be defining the future of the leading cryptocurrency as predicted by one of the best-known proponents of Bitcoin, after completing a tour of the continent. 

Who is that proponent? 

Dorsey

In a tweet on November 27th, Twitter and Square CEO Jack Dorsey said that he would be going back to Africa next year after spending time travelling in Nigeria and Ghana this month.

He said, “Africa will define the future (especially the bitcoin one!),” and also revealed that he had planned to spend up to six months there in 2020.

Dorsey attended a Bitcoin meetup, during his trip to Nigeria in continuing the journey of his personal love of cryptocurrency.

As per CoinTelegraph:

“The tech mogul has become famous for his Bitcoin support, having pledged to integrate its functionality into both Twitter and Square. He has also publicly endorsed the Lightning Network as a payment solution, something which allows Bitcoin users to send funds instantly for next to no fee.”

Interest in BTC

This comes at a time when Africa is continuing to bring in some intense interest in Bitcoin and crypto. Nigeria is one of the most active countries for Bitcoin Google searches too, so this shouldn’t come as much as a surprise.

The rise in the price of cryptocurrencies has been often accompanied by an increase of general interest by big institutional investors. At the end of 2017, we saw a lot more people enter the market who probably never even heard of cryptocurrency and get involved with the space.

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!

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