Cryptocurrency is the great African opportunity.

Cryptocurrency is the great African opportunity. Cryptocurrencies are gradually being discovered in Africa.
In countries like South Africa, Ghana, Kenya, Botswana, Zimbabwe and Nigeria, there is a semblance of digital currencies, primarily bitcoin, taking roots.

 Blockchain or DLT (distributed ledger technology) can be seen as the solution for Africa’s current problems and future growth.

 Bitcoin, based on blockchain, could be the engine for African growth, and could fuel the continent’s great leap forward. 

 It is important to first define a few concepts in the field of cryptocurrency. Cryptocurrency  is defined as a digital asset designed to work as a medium of exchange, using cryptography to secure the transactions and to control the creation of additional units of the currency. 

Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

  Bitcoin became the first decentralised cryptocurrency in 2009.