Twitter CEO, Cash App Eyes Bitcoin Hot Spot in November as Africa Crypto Expansion Plans in the Works
- Square and Twitter CEO Jack Dorsey is seeing technopreneurs from Africa as he looks to tap the crypto industry in the continent.
Twitter CEO in Africa
Dorsey is in Africa and specifically in Ghana. That is after spending several days in Nigeria, where he met with entrepreneurs majoring in technology. His journey to both countries included small Bitcoin meetups with innovators and founders of startups that look to push for the adoption of Bitcoin in both countries.
If Google searches are to be trusted and used in making decisions, then Africa is where all crypto investors will be headed. Data from the giant search engine indicated that for the last 12 months, Nigeria had the highest number of Bitcoin searches in the globe.
Dorsey had initially tweeted to his numerous followers about his Bitcoin Africa list. He said that he would be headed there to explore several ways in which the crypto space can be adopted worldwide. Dorsey spent some time at Ventures Park, which is a global community in Nigeria that fosters innovation by providing community activities and co-working spaces for entrepreneurs.
The community has joined hands with one Bitcoin Group in the neighboring country Ghana. Africa looks like a hot spot for crypto adoption as two more countries from the continent make it to the top five list in searches for Bitcoin. That is Ghana and South Africa; however, the substantial search volumes do not mean the imminent adoption of crypto in the continent.
For the billionaire, that gap between the adoption of crypto and the interest shown is an excellent chance for his CashApp to come into the African market. Analysts claim that Dorsey's approach is how mainstream adoption of crypto should be done rather than always talking about blockchain applications.
They commend him for taking action in meeting up tech entrepreneurs from Africa and looking to penetrate his app into the African market rather than promoting the ETFs by word of mouth.