James Mwangi, supported cryptocurrency to boost African economies

[Lens1000]

The adoption of cryptocurrency is actually gaining traction and the usefulness of this particular digital asset is responsible for the massive acceptance that it enjoyed. The economy of most of the country could be boosted by cryptocurrency because most of the economies of the world now faced a serious challenges which the major one is inflation and the cryptocurrency is an instrument to fight inflation to the barest minimum.

We were made to know that the greatest enemy of the economy is inflation and it could be fought by the adoption of cryptocurrency and that is the major reason why it calls for adoption by my most countries . We have seen expert talked about the adoption of cryptocurrency by African countries to boost the economy.

The one that surfaced recently was a statement that was made by top Kenyan financier, James Mwangi, he explained that the economies of most of African countries could be boosted through the adoption of cryptocurrency and it will be a big benefit for Africans. James mwangi further stated that he is looking at so many Africa countries adopting cryptocurrency most especially bitcoin as a legal tender in thier economy and it will be a milestone for the financial system of the countries that does this.

 

[Flow-er]

It is very important that you should know the impact of cryptocurrencies in the economies and the reason why most of the countries band cryptocurrency rather than adopting it. this is is because they do not know the positive impact that this particular commodity could have on the economy the their countries and that is why most of them choose the ban option. In my country, cryptocurrency is band and we do not know when it will be lifted. Based on the inflation that is ravaging our economy we really need to adopt cryptocurrency so as to combat the hyperinflation that is affecting us. If possible we could also adopt bitcoin as a legal tender just like what El Salvador did. The Central African Republic also adopted bitcoin as a Legal tender following El Salvador's path. these two countries knows the onus in cryptocurrency adoption and it would definitely be a benefit in the future. This is why we should know the importance of cryptocurrency before taking a hash decision on this very important financial services.. the statement made by the Kenyan top financier is a very good statement that could have a positive impact in the economies of most of the African countries.