Jack Dorsey, CEO of Twitter Square Inc., is known for his favourable attitude towards cryptocurrencies and special love for Bitcoin. He said recently that the future of Bitcoin will largely be defined by African countries.
Dorsey made such conclusions following his trip to the continent, during which he visited Nigeria and Ghana. He promised to return to these countries to live there for a few months in 2020. He wrote on Twitter,
“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.”
Dorsey attended the meetings held by local Bitcoin enthusiasts and told them about cryptocurrency benefits.
Dorsey has repeatedly admitted that he regularly invests in Bitcoin. He calls Bitcoin a phenomenon “that was born on the Internet, was developed on the internet, was tested on the internet, and it is of the internet”. It means that the future of Bitcoin is intrinsically linked to the Internet.
Moreover, Dorsey has promised to integrate Bitcoin payments facility on Twitter and Square.
Africa’s technology industry is currently going through a phase of extensive growth. GSMA, a company providing mobile services to the industry, says that this year the continent has 618 “active technology centers” representing a 40% increase compared to 2018. The majority of technology centers are located in Nigeria and South Africa, 85 and 80 respectively. Moreover, Nigeria is among the most active countries in the number of search queries related to Bitcoin and cryptocurrencies.