More and more crypto firms and entities are moving to the African market at a rapid pace, signaling a significant push towards mass adoption.
“The AFCON sponsorship was a very exciting one. Football is the most popular sport in Africa, one that unites the entire continent and so, sponsoring the biggest football tournament in Africa was honestly a no-brainer. It corroborates our mission to take crypto mainstream across the continent.”
“I think this is only the beginning of things to come. In general, as institutional interest in cryptocurrencies continues to rise, more mainstream entities making their way into the region is inevitable.
When asked about the challenges that may arise as a result of most nations in the continent adhering to an Islamic way of life, Adebajo noted that the key issue preventing crypto-based banking services from reaching the masses is not religion but a clear lack of understanding of what the technology brings to the table.
However, he pointed out that there are now newer blockchain-based alternatives beginning to emerge, setting the context for crypto and digital currencies that offer a more convenient and direct P2P channel for remittance payments, international commerce and savings. He added:
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