When we talk about crypto-currency users around the world, we often tend to overlook the African continent. Yet, these cryptos are being developed in several countries on the continent. You will discover how the use of crypto currencies is a good solution for betting in Africa.
Africans are increasingly interested in online betting. Information and communication technologies are booming on the continent, which promises a better future for sports betting. At the moment, betting is much more focused on football. Football fans on the continent are therefore enjoying their favourite competitions by betting real money, a convenient way to get involved in the competitions. One of the factors driving this is the ever-increasing improvement in connectivity on the continent. Governments are working to facilitate the installation of GSM networks in Africa. Efforts are also being made to reduce the cost of the Internet so that it is accessible to more people. Furthermore, it should be noted that online betting sites are accessible from a mobile device. This means that anyone can bet on their favourite sport without the need for a PC. Some recent statistics reveal that more than half of young people in the sub-Saharan part of the continent make their fortune from online betting.
Crypto-currency seems to have a bright future on the African continent. According to some economists' estimates, this digital currency could conquer more space on the continent. Crypto-currencies have the particularity of being usable and transferable anywhere in the world since everything happens on the web. There are several types of crypto currencies in the world, the main ones being Bitcoin, Monero, Ripple and others. On the African continent, Bitcoin is the most widely used.
Crypto-currencies present themselves as a convenient solution for transactions, especially in inflation-affected countries. This is because these currencies are not associated with any central bank and therefore allow you to be safe from the negative consequences of bad banking policies.
Statistics show that African countries are affected by high inflation rates. These include South Sudan, Malawi, Nigeria, Mozambique, Zambia, Zimbabwe, etc. This is quickly related to the fact that the main users of bitcoin in Africa are Ghana, Nigeria, Zimbabwe, etc. Furthermore, with the improved GSM network offerings in Africa, the number of mobile phone users has increased and continues to explode dramatically, allowing many people to use cryptocurrencies for their sports betting on the continent.
Finally, the use of crypto-currencies in sports betting in Africa is the best option for withdrawing and depositing money easily on the various sites competing on the continent. These digital currencies therefore not only help to escape the consequences of inflation but are also feasible for the speed of transactions they ensure.