Cryptocurrencies are increasingly being seen as a means of release from oppressive regimes. In Africa, the image of liberation through violence and bloodshed is rapidly being replaced with a new version. An Africanrevolution powered by Bitcoin is viewed as the ultimate leveller, an all-inclusive, non-discriminatory tool that can free the African millennial from economic repression in countries like Zimbabwe, where it is used as astore of value.
\r\nTraditional financial markets and investment strategies are often viewed as the province of the elite, but today every person with a smart phone can tap into and profit from the growing cryptocurrency ecosystem.
\r\nA BBC interview with Peace Akware from Uganda shows a female graduate in her thirties from Kampala who doesn\'t fit the traditional investment profile, but is definitely in favour of Bitcoin. Employment in Uganda is uncertain, even for graduates, and with an impoverished economy and sanctions it is very difficult to make ends meet. Bitcoin offers an easily accessible solution that is quick and manageable, and to this end one Kampala trader, Martin Serugga, is offering classes to educate people in its use.
\r\nBusinesses are also looking into Blockchain technology as a faster, cheaper and less complex means of building a better product. A technology platform called Bitpesa, for example, uses it to transfer money across borders as Bitcoin, to sidestep the flawed and dysfunctional Kenyan banking system.
Embarking on the journey of cryptocurrency investment can seem daunting, but starting small with something like 0.01 BTC is a manageable and insightful first step into the expansive Bitcoin universe.
MoreIn an unprecedented move that marries the automotive industry with the burgeoning world of cryptocurrency, Honda has announced that it now accepts Bitcoin for vehicle purchases.
MoreThe anticipation surrounding the Bitcoin halving event extends far beyond the mining community and individual holders.
MoreJian Wen, a 42-year-old former takeaway employee, has been found guilty at Southwark Crown Court for her involvement in a sophisticated money laundering operation using Bitcoin to acquire luxury properties and high-value items.
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