How India’s Growing Bitcoin Use Will Drag Africa Along

By October 3, 2016Bitcoin Business

China is steady with Bitcoin. For those who have been following up, you will agree that so much has been happening around India too of late . It is however pertinent at this early point to look at a perspective that points in the direction of how these additional developments in India would impact other parts of the world – particularly Africa. Bitcoin Rise in India The recent Unocoin funding round led by early-stage investor Blume Ventures , for example, is one of them. It has been trumpeted as a complement to other positive Bitcoin-related developments in India such as Zebpay ’s recent announcement to have crossed the 100,000 downloads milestone for Android and iOS devices on its app-based Bitcoin exchange to highlight " India’s growing interest in bitcoin as an investment, commodity and technology." Zebpay is eyeing a user-base of more than 450,000 by the end of 2016. This would add to whatever would come out of the new partnership between Indian Bitcoin exchange Coinsecure and money transfer platform OKLink – a spinoff of Chinese Bitcoin exchange OKCoin– for remittances to India. And so on. I bet you that with these new happenings, more investors are going to pay more attention to the country as well as the Bitcoin potential therein. From India to South Africa It is just a matter of time for the bubble to burst in India and a little sooner for the multiplier effect of the burst to spill over to Africa . After India, Africa will take it up starting with South Africa and the continent’s former largest economy, Nigeria. There is a cultural link between Indians and South Africa due to the Gandhi connection and Indians’ contribution to the to the African National Congress’s struggle against the Apartheid regime and bilateral trade […]

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