Abubakar Nur Khalil To Guide Bitcoin In Africa

Anyone who has family in Africa or friends on the continent understands how difficult it is to transfer money via remittances outside of Bitcoin. With the recent government banning of Twitter and continual debasement of the naira in Nigeria, the process can be very frustrating. For many, it’s not necessarily the promise of profit that gets poor people on board to use Bitcoin, it’s the ability to remit value outside of the traditional financial rails.

The promise of participating for the first time in a system of exchange where the same rules apply to everyone, regardless of their access to traditional finance, is a major driver of Bitcoin adoption in places like Nigeria. Bitcoin’s future in Africa looks very promising, particularly given dynamics such as Kenya’s, where one-fifth of adults were still unbanked as of 2017, though it leads the continent in share of internet users.