When Jack Dorsey announced that he would be going on a tour of Africa, many took it as one of his random visits where he gets to interact with different cultures across the globe. He is after all the CEO of Twitter, a social media platform that fosters global integration. However, with this visit, it was quite different.
While he did get to interact with people from different cultures in Ghana, Nigeria, Ethiopia and South Africa, his visit was focused on Bitcoin. We all know Jack is a massive crypto fan and he has not shied away from advocating for its use. His other company, payments processor Square has been on the frontline in promoting crypto adoption. Square has gone as far as forming a crypto division which reports directly to Jack.
In his tour of the four African countries, Jack has met several technology entrepreneurs, many of whom are involved in cryptocurrencies. As CoinGeek reported recently, he has also attended a number of Bitcoin meetups.
His message is clear: Africa will shape the future of Bitcoin.
The African continent was slow in embracing cryptocurrencies. While the Western world and Asia took to crypto years ago as the prices took off, Africa was on the sidelines. However, the region got into crypto mostly after the price hype, at a time when the emphasis was mostly on utility. This has shaped the African crypto narrative, with most people looking at crypto to solve their day-to-day issues, not for hodling and price speculation. This is what the future of crypto will be;