with a huge bull run in progress, since the beginning of this year, when it comes to investments and financial technology, Bitcoin has been on everyone's lips. Introducing a revolutionary technology, such as the blockchain, also in Angola, more and more citizens are getting informed about the potential and advantages of investing, storing or paying with Bitcoin. But will it replace the official currency in the country in the near future?
To give you an idea, currently, it is not only possible to make payments with Bitcoin in thousands of online stores, as it is also now possible to place bets with cryptocurrencies, as is the case with the operator Sportsbet.io. All this due to the ease of use of this payment method which, on average, ends up charging much less than other more traditional payment methods.
Adding to these advantages the speed of all operations, due to the blockchain network, it is obvious why many experts, at this moment, already consider that it will be a matter of time before Bitcoin, as well as other cryptocurrencies, can be part of everyday life in many countries, such as Angola, for example. can someone forget like the country el savior surprised the world by being the first to accept Bitcoin as official currency?
How could Angola benefit from using Bitcoin?
Certainly the popularity of Bitcoin in Angola, in addition to being related to the bull run and the huge growth in market cap and income of many investors, also comes from the huge usability that many Angolan citizens managed to extract from this technology. Can you imagine being able to make payments or make transactions with virtually zero costs and with complete privacy?
Well, this is precisely one of the biggest advantages that Bitcoin is showing in developing countries. At a time when, unfortunately, there is still a large percentage of Africans who do not have quality access to banking system or even a bank account, The technology blockchain it could be a facilitator for many of these difficulties that are still felt in a large part of the population.
Cryptocurrencies and blockchain technology goes beyond Bitcoin
It is important to note that it is not just Bitcoin that is based on blockchain technology, which could be revolutionary in terms of the way Angolans do their transactions and even make payments. Know that, for example, there are already promising crypto projects, such as Ethereum with its "smart contracts", that will allow easier access to personal credit or housing or even for employment contracts. Have you ever imagined what it would be like to receive your salary scheduled always for the same day, without someone being able to stop this payment?
This is one of the great powers that this new fintech market is bringing to the countries that still present some difficulties in the banking process. and across the entire financial system. In other words, the growing popularity of Bitcoin in Angola, as well as in other African countries, is not only related to the potential gains you can have when investing in Bitcoin. But yes in usability and how this payment method can improve people's lives.
