Founding President of Bitcoin Association Jimmy Nguyen will be speaking at next week’s AfricaCom event, where he is set to discuss the technology trends that will define the continent’s next 10 years—with blockchain set to feature prominently in his presentation.
AfricaCom will be held from November 9-12, with the event set to be held virtually for the first time. The attendees will enjoy over 100 hours of premium content from some of the leading tech and finance minds from Africa and beyond. The event will also feature a virtual interactive expo, artificial intelligence-powered networking sessions and an insights and resources hub. Integrated video chats, virtual boardroom discussion sessions and interactive polls will ensure the attendants can connect freely.
Nguyen will be part of a panel on November 12 titled “Africa’s Digital Decade: Exploring the big trends for the next 10 years.” The panel will also feature Tunde Fafunwa, the lead advisor at the United Nations Economic Commission for Africa, and Razvan Ungureanu, the chief technology officer at telecoms giant Airtel Africa.
The panel will explore the most impactful tech trends in Africa over the next 10 years and what impact they will have over the continent’s digital economy. They will talk about the risks and opportunities of exponential investment; the transition from digital transformation concepts to implementation and impact; and how regulators can keep pace with evolving tech ecosystems.
Blockchain and digital currencies will take center stage in the discussion, with the African continent embracing them rapidly in recent years. According to the Chainalysis Global Crypto Adoption Index, three African countries ranked in the top 10 globally, with 5th-ranked Kenya leading the pack. African peer-to-peer trading volume has also experienced massive growth in the past two years.
“Developing countries and regions are those that can most immediately benefit from Bitcoin technology, both as a payments tool with the ability to create financial services inclusion for unbanked populations, but also for leveraging its great data capabilities,” explained Nguyen.
“Blockchain technology establishes data infrastructure which can be of great benefit to developing countries, as it removes the need to build out some of the expensive physical infrastructure required to run the data networks which Bitcoin SV can already provide.”
The continent has taken to Bitcoin SV (BSV), recognizing the massive opportunity it presents with its very low fees and real-time transactions. Centbee has led the BSV adoption, with its easy onboarding process and diverse spending options making it popular in its native South Africa and beyond.
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