Crypto’s meteoric rise could make or break Africa
Africa stands at a crossroads: harness cryptocurrency’s $4-trillion potential for sovereignty and growth or risk financial instability and exclusion.
Opinion by: Ure Utah, technical advisor to Nigeria’s minister of innovation
With the value of digital currencies surging close to $4 trillion, the world is rushing to cash in. While Elon Musk’s Dogecoin (DOGE) and the US president’s Official Trump (TRUMP) coin grab headlines, Africa sits at the frontline of this worldwide financial upheaval.
This is a crucial point. Unless African leaders act to regulate or harness crypto, what happens next will determine whether the continent’s 1.55 billion inhabitants build greater sovereignty over their future or usher in a new era of financial instability.