Twitter CEO Jack Dorsey says Africa will define the future of Bitcoin and he hopes to live between 3-6 months mid-2020 on the continent

Jack Dorsey Twitter CEO in Ethiopia (Twitter/Jack)
  • Twitter CEO Jack Dorsey has ended its month-long trips to four African countries.
  • The Twitter CEO says the continent will define the future of Bitcoin.
  • Jack says he will spend between 3-6 months in Africa next year.

Twitter CEO Jack Dorsey ended its month-long trips to Africa on Wednesday, November 27th, 2019.

The tech entrepreneur visited Nigeria, Ghana, South Africa, and Ethiopia.

Jack was hosted by young entrepreneurs and some big players on the micro-blogging website, including one of the firm's board members, Dr. Ngozi Okonjo-Iweala, while in Nigeria.

Communication team at Twitter had told Business Insider SSA at the CcHUB during his visit was to learn more about how people are using Twitter as a platform and discuss with tech entrepreneurs.

On Wednesday night, Jack tweeted that the continent will define the cryptocurrency market for the future. He said he'd be back to live on the continent next year.

Sad to be leaving the continent…for now. Africa will define the future (especially the bitcoin one!). Not sure where yet, but I’ll be living here for 3-6 months mid-2020. Grateful I was able to experience a small part.

Bitcoin is a digital currency that is completely virtual. It is one of the popular digital currencies around the world. The transactions on Bitcoin and other cryptos are recorded in a public list called the blockchain.

The continent is experiencing steady growth in the cryptocurrency market and, according to reports, it is one of the tools that will disrupt the financial landscape of the continent.

Many African governments are still looking for ways to regulate the market which is highly volatile.

At the recent concluded 2019 AfricaCom event in Cape Town, Luno’s CEO Marcus Swanepoel explained that the implementation and use of cryptocurrencies will be an important part of Africa’s future.

“Luno can see that as cryptocurrencies develop over the next ten years, they can become part of everyone's lives, solving many of the issues currently associated with existing fiat currencies,” Swanepoel said during his keynote address.

He said the adoption of Bitcoin and other cryptocurrencies will lead to financial inclusion, hamper economic growth and financial freedom.

As of Thursday, Bitcoin trades above $7,400, as seen on Coindesk.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here are the top 10 cities in Africa where the most rich people live

Here are the top 10 cities in Africa where the most rich people live

Top 10 African countries with the highest corporate tax rates

Top 10 African countries with the highest corporate tax rates

Ifuennada's N58M dress and the many lies celebrities tell [Pulse Editor's Opinion]

Ifuennada's N58M dress and the many lies celebrities tell [Pulse Editor's Opinion]

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

9 most expensive African countries to rent a one bedroom apartment, based on property price to income ratio

Majid Michel confesses to stealing Taxi driver's money to pay him

Majid Michel confesses to stealing Taxi driver's money to pay him

6 foods to add to your diet if you want a bigger butt

6 foods to add to your diet if you want a bigger butt

5 Nigerians who have played under new Super Eagles coach Jose Peseiro

5 Nigerians who have played under new Super Eagles coach Jose Peseiro

UPDATED: Many feared killed as explosion rocks Kano

UPDATED: Many feared killed as explosion rocks Kano

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023

Africa’s richest man Aliko Dangote seeks to raise an additional $1.1 billion to complete his refinery project by 2023