The Twitter and Square CEO announced his plan in a Wednesday tweet after wrapping up a almost three-week tour of the continent, with stops in Ghana, Nigeria, Ethiopia, and South Africa.
"Africa will define the future (especially the Bitcoin one)", tweeted Jack Dorsey, CEO of Twitter and payment provider Square, earlier this week. Below is a picture of Dorsey in Ghana, in which he met two individuals in a "mini BTC meetup"; he replicated said meetups in other places he visited, such as in Nigeria.
It's not clear what prompted Dorsey's decision to live on the African continent next year, but he did spend nearly the entire month of November there, visiting several countries during the trip: Ethiopia, Ghana, Nigeria, and South Africa.
But restrictive crypto laws in African countries can make trading on exchanges hard.
In Nigeria, Dorsey met with entrepreneurs and young artists, as well as Twitter board member Ngozi Okonjo-Iweala, an economist and former managing director of the World Bank.
The approval of Dorsey with regard to bitcoin is not new.
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Replies cited is the Twitter bot that pulls together quoted reply on the platform.
"I stumbled on the fact that I could use the search bar to locate quoted tweets ... I started researching how to create a bot to do this so I do not need to show people how to do it all the time", he told CNN Business. This opinion comes after the celebrated entrepreneur ended his African tour of Nigeria and Ghana and expressed his desire to be back in the continent by mid of next year. The program provides the country access to cryptocurrency trading, adding liquidity to the market and building the next generation of crypto traders in Africa.
The Kenyan tech entrepreneur John Karanja introduced "BitHub" which is an incubator for cryptocurrencies, in 2015 and it's been anticipated by way of Ethiopia's executive that their financial system will indubitably 3million jobs in coming years.
On the final leg of the tour, in Ethiopia, Dorsey listening to pitches from startups.
Google (GOOGL), Microsoft (MSFT) and Huawei are among global tech giants that have expanded their operations in Ghana, targeting software developers and young creatives on the continent.
GSMA, a mobile service industry group, says there are 189 "active tech hubs" on the continent this year, which is 5% higher than on 2018.