Efforts to deepen the use of Bitcoin appear to get the desired boost as bitcoiners, technologists, investors, humanitarians, educators, advocates, and artists from across Africa and the world will gather at the first Africa Bitcoin Conference(ABC) at Kempiski Hotel in Accra, Ghana.
The conference which will be held from December 5- 7, 2022, will feature keynote addresses, presentations, panel discussions, workshops, exhibitions, hackathons, and other exciting activities. Over the past few years, there has been a massive surge in the adoption and use of cryptocurrency across the world. In Africa, even though internet penetration is low, the growth has been phenomenal with a 1200 per cent increase in adoption between June 2020 and July 2021.
This growth has been likely contributed to by the numerous crypto developers, technologists, investors, advocates, and educationists 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 peer-to-peer (P2P) global rankings.
Though there is a huge driving force behind the scenes for the bitcoin market in Africa, there is little discussion on the tremendous opportunities bitcoin offers and the future of Bitcoin within the continent. This has created the need for increased collaboration among the various contributors to the cryptocurrency industry to reinforce knowledge and resource sharing as well as deepen networking between African actors and those operating in developed nations.
Bitcoin has transformed how people interact with money and the global monetary system. Over 300 million crypto users have emerged in just over a decade, far outnumbering the annual adoption 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 all to learn, network, and collaborate. About 800 attendees are expected to congregate for the maiden ABC including CTOs, Heads of Innovation and Technology, IT Directors, Developers, Start-Ups, OEMs, Government, Automotive, Operators, Technology Providers, Investors, VCs and many more.
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