There has been a lot of talk in the media about the future of bitcoin. Many of the top politicians in the world are very apprehensive about bitcoin because it can be used as a tool to avoid taxes. Criminals have also used bitcoin in the past to launder money. When bitcoin was first created a decade ago, it became the currency of choice for criminals who wanted to buy drugs and guns online anonymously. It is for these reasons and many others that bitcoin and other cryptocurrencies have failed to break through into the mainstream. Twitter CEO Jack Dorsey wants to change that.
Dorsey has been one of the most prominent cheerleaders for bitcoin. He has constantly talked about all of the advantages and benefits of bitcoin. He does not like to dwell on all of the improper ways that bitcoin can be used by criminals. It is clear that Dorsey thinks that bitcoin is the future of global commerce. It is because of his optimism where bitcoin is concerned that Dorsey is attempting to make the world’s most popular and valuable cryptocurrency available to the 1.2 billion people who live on the continent of Africa. This is a huge endeavor. However, Dorsey believes that he and his team are up to the task.
Dorsey has been doing a lot more than talking about the future of bitcoin in Africa. He is currently on a tour of the continent. He has visited four countries in Africa so far. He has met with the leaders of several bitcoin companies that are located in Africa. Dorsey also made the surprising announcement that he will be living in Africa for several months next year. However, he did not specify the exact country that he will be residing in while he is there.
There is no question that people who live in Africa are very interested in bitcoin. This has been proven by the Google search activity from the region. South Africa, Nigeria and Ghana are three of the top five countries in the world when it comes to searching for info about bitcoin online. This is one of the details that has Dorsey believing that Africa is the key to the future of bitcoin in terms of it becoming a mainstream form of payment. Dorsey is also the CEO of a company called Square. They handle online payment transactions. He created a cryptocurrency division of Square very recently.
