Crypto Craze hits Ghana and Accra | Bitcoin Bonanza sweeps Africa | PodBites Ep.2

The Sound of Accra Podcast

Cryptocurrency transactions are starting to pick up across Africa. In early 2021, you’ve may companies like Tesla have invested billions into Bitcoin. And more payment systems like Visa, PayPal and Mastercard are following suit. Music Artist Akon even has his very own cryptocurrency, Akoin, which is a cryptocurrency which is designed to be used in all 54 countries in Africa, now available on a few Crypto exchanges.
Meanwhile, more Ghanaians getting involved in the Cyptocurrency craze now sweeping Africa as they look for new ways to make an income, and there are an increasing number of exchanges and brokers being established for buying and selling cryptocurrencies. With Binance and Coinbase, two of the biggest crypto exchanges out there, being available in Ghana, this has now become a whole lot widespread, There are many other exchanges, including Ghanaian and African based ones including Bitpesa, eBitcoinics, Bundle Africa, Sikaplus, PayPlux and so many others. The next step is for Africa remittance platforms such as Chipper Cash App to integrate crypto into their strategy to stay relevant to the contemporary financial market.
Cryptocurrency is an encrypted digital currency built on blockchain technology, and decentralised and unregulated by Financial institutions and centrals banks.
Jack Dorsey met bitcoin business owners in Ghana in 2019 and plans to integrate bitcoin use on Twitter, and has already done with his other company Square, by integrating the ability to buy bitcoin on CashApp.
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