Nigeria: Qala organized an event focused on the development of Bitcoin (BTC) in Africa

Nigeria: Qala organized an event focused on the development of Bitcoin (BTC) in Africa

Qala is a full-time program that specifically aims to train African Bitcoin (BTC) and Lightning Network developers. He provides stipends for participants in his training. Earlier this month, Qala organized a major themed event in Lagos, Nigeria Bitcoin for Africa, by Africans“. Many investors, speakers and representatives of Bitcoin startups in Africa participated in this event.

Qala works for Africa to build a better future through Bitcoin (BTC) technology.

During the event »Bitcoin for Africa, by Africans“, A number of points were discussed regarding the development of Bitcoin technology. Participants spoke in particular about the opportunity this technology represents for Africa, which could be used to build a better future.

They also pointed out that the program Qala has had great success, recalling its mission and talking about its long – term goals. Qala promised to continue training young Africans to become competent developers of Bitcoin and Lightning Network.

Abubakar Nur Khalil, CEO and CTO of Recursive Capital, pointed out that Africans could use Bitcoin infrastructure and blockchain in general to create solutions to solve the problems specific to different regions of the continent.

Nigerian entrepreneur Femi Lounge said:African countries have traditionally been consumers of products taken off the continent. In this room, we are no longer consumers, we are producers. Bitcoin is the tool we build with.“.

There are challenges in the African Bitcoin ecosystem

The Qala event only showed how much Africa is trying to use bitcoin technology to change the world. In fact, it was also a reminder of the many challenges in the African Bitcoin ecosystem. Participants indicated that these challenges need to be seen as an opportunity to do things in the Bitcoin sector in Africa.

You should know that the various Western exchanges and tools that offer peer-to-peer Bitcoin services in Africa do not always meet the specific needs of Africa. In spite of everything, there is a clear evolution in the cryptocurrency sector in Africa.

As proof, the Africans received $ 105.6 billion in cryptocurrency payments like bitcoin between July 2020 and June 2021, according to a report from the Chainalysis platform. This represents an increase of 1,200% in the African crypto market compared to the previous year.

Qala hosted an interesting event in Nigeria on the topic of Bitcoin technology development in Africa. The event, which brought together a number of participants, provided an opportunity to look at the evolution of the cryptocurrency sector on the African continent and highlight the challenges ahead. You should know that the bitcoin adoption rate (BTC) in Africa is increasing more and more thanks to the training offered by the various actors and local companies like Qala that are focused on this network.

Source: Bitcoin Journal

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Luc Jose Adjinacou

Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and express my pen information related to this ecosystem.

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