Opinion: Bitcoin Still Expected To Grow Exponentially, Especially In Africa

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When a difference bitcoin and Africa seem in a sentence, a word remittance customarily follows, write Alex Lielacher in Bitcoin Magazine report.

Bitcoin was launched 8 years ago and hit a mainstream in 2013. Its low-cost income send underline was hailed as a resolution to costly remittance charges by a vast income send operators Western Union and MoneyGram — especially loyal when it comes to transferring supports to Africa.

However, bitcoin remittances in Africa have not unequivocally taken off.

A limit Thursday in Johannesburg focused on believers who think blockchain record will emerge as one of a biggest disruptors of this age.

From IT Web Africa. Story by Olusegun Ogundeji.

Ahead of final Thursday’s Strate Africa Blockchain Summit in Johannesburg, speakers common their views on intensity uses of blockchain record in Africa. The summit focused on how blockchain record will emerge as one of a biggest disruptors of this age.

Although bitcoin was a initial product to use blockchain technology, interested users need to apart bitcoin from a underlying technology, said Llew Claasen, executive director, of Civic/Bitcoin Foundation. He was scheduled to speak on Blockchain KYC and Perfecting Identity Validation.

“Many other organisations have subsequently started work on choice blockchains, though a beliefs are mostly still a same,” says Claasen.

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