The President of Tanzania, Samia Suluhu Hassan has encouraged the country’s central bank to indulge in cryptocurrencies. The President made it clear that while African citizens have been using crypto assets for P2P transactions, the continent is yet to utilize the full potential the cryptocurrency market has to offer, Coinquora reports.
Hassan made mention of El Salvador, the country that just adopted Bitcoin as legal tender. She draws El Salvador as an example to further give light to the fact that Africa is taking a backward approach if it is yet to accept cryptocurrencies and explore their potential. Asides from the adoption of Bitcoin as a legal tender, El Salvador has also begun executing a plan to mine Bitcoin with the geothermal power of its volcanoes.
President Hassan also noted the increasing impact of cryptocurrency assets on the global structure of finance. She stated, “We have witnessed the emergence of a new journey through the internet.”
She has instructed the Tanzanian Central Bank to begin to work on developing these new technologies. She stated that this must be a priority so the nation will not be caught by surprise when the world decides to make sudden changes for the future.
Asides from African countries, other countries are already prepping their governments to explore and gain from the potential that cryptocurrencies have to offer. Panama and Paraguay have begun hinting at the possible adoption of Bitcoin and other altcoins as well.
While African legislators have been slow to recognize and encourage the crypto economy, the region has been a hotspot for peer-to-peer (P2P) Bitcoin trading for years. So far, parts of Africa are already leading in P2P cryptocurrency trading with Nigeria alone contributing up to $8.5 million in trading BTC via P2P transactions. Kenya follows next with $3 million, Ghana with $2 million, and then, South Africa with $1.6 million.
What this means
The President has stated significant facts which have made her case for the exploration of cryptocurrencies. While advanced nations are looking to control and some, looking to outlaw the fast-rising market, the President is appealing to African nations to explore the market and take advantage of what it has to offer before African nations are caught by surprise when the whole world begins to adopt the cryptocurrency standard.
Pls is Saturday jamb result out
I miss my jamb exam.. Please what can I do??
Pls is there any hope to write it again
Jamb please my exam was on Saturday 19th of June at bishop Evans ibeagha juniorate CBT center base 2 by 7am, but only from 1-180 students wrote the exam nd the rest were ask to go home due to computer issues from the centre, and the rest will not write the exam on that 19 june that we should be checking our e-mail, phone, that we’ll be scheduled for another day…. But I have been checking all these things and nothing has been change uptill now what do I do?
Even I is having the same problem at first option private school abiji Lagos State
Please sir, I submitted my bank draft on 15th June, but I haven’t received any message till nowe
What about we that was not able to do the exam on Saturday 19 June due to some technical issue please help us
Please sir, I’m a late regisrar, I registered late due to the delay my NIN caused, I directly registered at jamb office and till date I haven’t gotten my date, they told me to keep my hopes high cuz they are going to conduct a mop up exam, do I still have hope ??, I’ve gone through alot of stress for this exam, I just pray there’s going to be a mop up
Sir please I have completed my payment and my registration but I have not seen my date for my exam
Sir please do I have hope of writing the exam
No record found for this examination
Does this means that I wasn’t registration….
Please I’ve spent alot,they should be a way out for candidate who have registered but unable to reprint their date and center for exams…..
From Akwa-ibom….