Comments by Twitter's CEO Jack Dorsey about Africa outlining Bitcoin's future and BTC considered as a central bank digital currency.
Africa is defining the future of Bitcoin (BTC) according to Twitter and Square’s CEO Jack Dorsey. After his recent trip to Africa this month, Dorsey said that he will return in 2020.
Dorsey commented that he is planning to spend around six months in Africa and that for him, the continent has potential to define the future and the Bitcoin one especially.
Dorsey is a massive supporter of the crypto as far as him planning to integrate it into Square and Twitter, with endorsing the Lighting Network as a payment provider for BTC users. This way they can transfer funds in no time for a small fee.
Nigeria and South Africa is currently positioned as one of the most active Bitcoin countries, according to Google searches and reported by Cointelegraph.
For 2050 Nigeria’s biggest city, Lagos is seen to become a massive metropolis with over 32 million people. This size prompts the city as a cryptocurrency capital and according to the World Economic Forum, it is predicted to become the biggest city worldwide by 2100.
A local government is taken a stance on BTC and as Ghana stated, Bitcoin is considered a CBDC (central bank digital currency).