Africa holds the potential to soar the popularity of cryptocurrencies, stakeholders in the crypto ecosystem have said.
This they said will be aided by the popularity of Stablecoins and Bitcoin.
As reported by ‘Coindesk, the experts stated this during the just concluded Blockchain Africa Conference held in Johannesburg, South Africa.
One of the experts, Marius Reitz posited that bitcoin adoption will likely accelerate over the next decade.
Reitz, who is also the general manager for Africa at crypto exchange Luno, said “I think in the future, in 10 years or so, you could start seeing a situation where neighboring countries also start to declare bitcoin as legal tender.
“Bitcoin could become a regional currency or it could even become a common currency across the African Union.”
Similarly, ‘Coindesk reported Maya Caddell, chief of staff at Web3 startup Nestcoin, as saying “In two years time, one in six global Internet users will be African.
“One in three youths globally – those between the ages of 15 and 35 – will be African by 2050.”