There's no denying that the crypto industry is in a prolific growth stage in first-world nations. But Bitcoin (BTC) adoption is also on the upswing in Central America and Africa.
There’s no denying that the crypto industry is in a prolific growth stage in first-world nations. But Bitcoin adoption is also on the upswing in Central America and Africa.So the market is looking pretty comfortable with BTC after the failures of Silicon Valley Bank and others with crypto exposure. After shocking customers, markets, and regulators earlier last month, their effect on BTC’s market value seems priced into the momentum.
In Africa, where some of the world’s poorest countries are, around 50% of residents are unbanked today. That means they’ve never had a checking account, credit card, or access to any banking services, and Bitcoin fixes this in many ways.Andrew Lokenauth, the author of the popular “Fluent in Finance” investor newsletter,
Lokenauth also reports that Lightning Network devs in Africa are working on ways to expand the BTC L2 there. For example, Kgothatso Ngako has built an app in South Africa that allows users to send BTC via text message without the Internet.
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