Although the world is back to normalcy, this new behaviour has persisted as consumers remain adamant about using digital payment solutions. One top advantage of digital currency and blockchain technology is decentralization or decentralized finance (DeFi). Notable reasons for the dogged interest in digital currencies are convenience and the absence of geographical restrictions. Being Africa’s layer-1 Blockchain network for digital payments in fiat and regulated digital currencies, they are building the rails for mass adoption of DeFi in Africa. The prediction that the internet was a bubble following the popularization of the world wide web in 1991 is one of the worst predictions of all time; just like the internet, the digital currency might be here to stay.

Source: The North Africa Journal July 01, 2022 16:30 UTC