Africans are Turning to Bitcoin and Cryptocurrency

Publisher:
TV2Africa
Publication Date:
15 November 2017
Tags:
Africa, Currencies, Economy, Business and Finance, ICT and Telecom

VOA's Business Correspondent, Jill Malandrino reports on the bitcoin and cryptocurrency, which is becoming a reality for some countries in Africa as a way to combat Hyperinflation. Some people are turning to bitcoin out of desperation as bank deposits lose its value by the day. While others are using the online currency for housekeeping such as funding family members studying abroad.


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