Jack Joseph to speak at maiden Africa Bitcoin Conference – The Sun Nigeria
Leading Bitcoin expert, Jack Joseph, will be among other stakeholders to x-ray the future of Bitcoin at the first Africa Bitcoin Conference (ABC) in Accra, Ghana.
Joseph will be the highest net worth Bitcoin trader at the conference.
According to a Reuters report published in 2020, monthly cryptocurrency transfers to and from Africa of less than $10,000 — typically made by individuals and small businesses — rose more than 55 percent in a year to reach $316 million in June, the data from U.S. blockchain. This is shown by the analysis firm Chainalysis.
The report added that the number of monthly transfers also rose by almost half, surpassing 600,700, according to Chainalysis, which says the research is the most comprehensive effort to date to map global crypto usage. Much of the activity took place in Nigeria, the continent’s largest economy, along with South Africa and Kenya.
The conference, which will be held from 7 to 9 December 2022, will feature keynote speeches, presentations, panel discussions, workshops, exhibitions, hackathons and other exciting activities.
Over the past few years, there has been a massive increase in the adoption and use of cryptocurrency worldwide. In Africa, although internet penetration is low, growth has been phenomenal with a 1,200 percent increase in adoption between June 2020 and July 2021.
This growth has likely been contributed to by the many crypto developers, technologists, investors, advocates and educators operating in African bitcoin ecosystems.
In Africa, Nigeria is ranked first in the 2021 Global Crypto Adoption Index, followed by Togo, with Nigeria topping the global peer-to-peer (P2P) ranking. Although there is a huge drive behind the scenes for the bitcoin market in Africa, there is little discussion about the huge opportunities bitcoin offers and the future of Bitcoin on the continent.
This has created the need for increased cooperation between the various contributors to the cryptocurrency industry in order to strengthen knowledge and resource sharing as well as deepen networking between African actors and those operating in developed countries.
Bitcoin has transformed the way people interact with money and the global monetary system.
Over 300 million crypto users have emerged in just over a decade, far more than the annual usage rate of other digital innovations such as the internet or mobile money. Despite having the lowest internet penetration in the world, Africa has experienced the fastest growth in bitcoin adoption. The Africa Bitcoin Conference will bring together top thought leaders and pioneers in the global industry, creating an ecosystem for everyone to learn, network and collaborate.
Around 800 attendees are expected to gather for the first-ever ABC, including CTOs, CIOs, CIOs, developers, startups, OEMs, government, automotive, operators, technology providers, investors, VCs and many more.
