Why Jack Dorsey is right about Bitcoin’s future in Africa

“Africa will define the future (especially the Bitcoin one)”, tweeted Jack Dorsey, CEO of Twitter and payment provider Square, earlier this week. Dorsey’s tweet follows his tour of Africa—and it’s clear he liked what he saw. Dorsey, who’s previously come out in favor of Bitcoin, sees the continent as being key in the further development of cryptocurrencies.

Other crypto heads share his view. Nate Hindman, head of growth at on-chain liquidity protocol Bancor, is confident of crypto’s future in Africa. “In emerging markets like Africa, the shallow reach of traditional money systems means there’s less resistance to new financial technology,” he told Decrypt. And crypto companies have been busy in Africa—perhaps Dorsey’s onto something, after all. Here’s what’s been going on in Africa’s crypto-world. 

Take a step back

“Africa is not “getting big into” bitcoin—they have been using bitcoin for years and taught us everything we know about what…