Africa is leapfrogging traditional legacy banking and payments systems in use in much of the developed World through fast adoption of mobile and internet based technology. Disruptive Blockchain technology such as Bitcoin has great potential in creating efficiency and disrupting traditional mechanisms for international trade, resource management, and governance where current transaction costs are high due to existing bottlenecks such as poor
infrastructure, corruption and mismanagement. However, huge challenges remain creating obstacles in the adoption of these innovative technologies to solve these pressing problems.
Digital currencies and in particular crypto-currencies in general, have evolved rapidly during the past eight years since the advent of Bitcoin the World’s first truly decentralized crypto-currency. Bitcoin invented in the
year 2007 by an anonymous person or entity known as Satoshi Nakamoto has forever revolutionized the way the transfer of value occurs between two or more parties who do not trust each other.
The space continues to evolve rapidly with hundreds perhaps thousands of crypto-currencies being created every day, most of which are either irrelevant or scams that offer little or no value to society. We at Bithub.Africa have
spent a considerable amount of time researching and looking into different crypto-currencies and platforms to determine which ones offer either a unique value proposition or innovative solutions to common placed problems that exist in Africa.