The founder of a media company focused on Africa urges the mainland government to embrace cryptocurrency – Defi Bitcoin News
Osita Oparaugo, founder of Footprint to Africa, a media and investment company focused on Africa, urges governments across the continent to accept cryptocurrencies.
Africa cannot be left behind
Osita Oparaugo, founder of Footprint to Africa, believes that the timely adoption of cryptocurrencies by African governments will benefit the growth prospects of the African continent.In his speech Publish Oparaugo, written by Vanguard, co-organized a decentralized finance (defi) event in Nigeria. He said that African countries cannot lag behind in terms of cryptocurrency.
After noticing the impact of cryptocurrency and blockchain on global finance, Oparaugo explained why African governments must quickly join. He said:
Cryptocurrency and digital currency will eventually unite the world. The sooner the African government accepts it, the better it will be for the development of the African continent. Africa is unable to catch up with blockchain technology; this is the future.
To support his predictions about the future of finance, Oparaugo cites Twitter’s recent announcement that it will allow users to tip each other with Bitcoin as an example. The founder of Africa Footprint also mentioned the past comments of American billionaire Mark Cuban. In these comments, Cuban expressed his belief that defi will pose a challenge to traditional banks.
Despite the initiatives and requests made by individuals who support cryptocurrencies like Oparaugo, African governments continue to avoid cryptocurrencies. A few countries that accept blockchain have instead chosen to create a central bank digital currency.
Do you agree with Oparaugo’s prediction of the financial future? Tell us what you think in the comments section below.
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