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.

Agribusiness and bitcoin wealth.

Queensland Egg Farmer Lays the Foundations For Agriculture Bitcoin Economy.

A chicken farmer on Queensland's Sunshine Coast wants his customers to pay him using the online currency, Bitcoin.  Bitcoin is a form of digital currency, which is created and held electronically.

Mark Burgunder, an organic chicken egg farmer at Conondale, is already using the virtual currency in his business.Mr Burgunder said he wants to create a local Bitcoin economy amongst Sunshine Coast farmers and consumers.

Bitcoin is an electronic currency that is not backed by a central bank, it is backed by a network of computers and mathematics.


 Bitcoins are stored on a Bitcoin wallet, which can be accessed via computer, phone or on a card similar to a credit card.

They can also be stored on debit cards, and can be used anywhere EFTPOS is available.  Read