Bitcoin poised to replace Traditional Banking in Africa


Travis Patron, author of The Bitcoin Revolution: An Internet of Money, recently wrote an article for Diginomics.com stating that Bitcoin may leapfrog traditional banking for bitcoin in Africa.

"Bitcoin may not be the definitive answer for the masses that remain unbanked, but it is certainly a step towards a brighter future. Governments in Africa will have diminished options for instituting thoughtless policies once bitcoin is adopted by the populous. The hotspots for adoption will be most apparent in geographies which have a very unreliable currency and lack mature financial infrastructure. Out of all the nations of Earth, African countries stand to benefit the most from financial technology such as bitcoin."

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