Bitcoin

Coin

<ul class="news-points"> 
 <li>Russell Okung observes a preference for USD stablecoins over BTC in Africa.</li> 
 <li>Austin Campbell affirmed stablecoins remain favorable for many in the crypto space.</li> 
 <li>Campbell noted that while BTC serves as a store of value, stablecoins are favored for everyday transactions.</li> 
</ul> 
Prominent figures in the crypto space recently revealed a notable pattern within the African crypto market, suggesting a growing preference among Africans for U.S. dollar-backed stablecoins over <a href="https://coinedition.com/btc-rallies-26-in-16-days-amid-significant-spot-bitcoin-etf-inflows/">Bitcoin (BTC)</a>. 
Russell Okung, a professional athlete known for his advocacy of Bitcoin, initiated the conversation on X. Okung disclosed promoting the Lightning Network during his stay in Africa, wherein he encountered a sobering reality.&nbsp; 
Per the disclosure, a larger number of people were inclined towards dealing with USDT rather than Bitcoin. Essentially, he observed that African crypto enthusiasts generally preferred USD, even if it was in “synthetic” forms. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 During my time in Africa, while advocating for the Lightning Network, I faced a cold, hard realization. Despite my efforts, I found that more people were interested in dealing with USDT rather than Bitcoin. They desired USD, even if they…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/experts-say-bitcoin-takes-backseat-in-africa-crypto-adoption-with-usdt-ruling/">Experts Say Bitcoin Takes Backseat in Africa Crypto Adoption, with USDT Ruling</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Experts Say Bitcoin Takes Backseat in Africa Crypto Adoption, with USDT Ruling

Coin Edition

Другие статьи, опубликованные 20 февр. 2024 г.

Nottingham Building Society Accelerates Mortgage Process with MQube’s AI Technology

UK to Get New Crypto Regulations In 6 Months- Bim Afolami

AllianceBlock Transforms into Nexera Foundation, Unveils Nexera Finance Boosting Future of Tokeni...

Mike Novogratz’s Galaxy Digital Doing Heavy Ethereum (ETH) Buying

Fetch.ai Price Prediction for Today, February 20 – FET Technical Analysis

Shiba Inu’s Burn Rate Ignites Market Excitement

Join our free newsletter for daily crypto updates!