Experts including former Twitter (now X) CEO Jack Dorsey held discussions on identifying the potential of Bitcoin in driving economic growth across the region, from currency devaluation and corruption challenges.
According to Christian Keroles, Director of financial freedom at the Human Rights Foundation, Bitcoin serves as a tool for economic liberation.
“Bitcoin is an internationally convertible currency. It has a fixed supply, so it cant be inflated or intentionally devalued. It is corruption free and has no racial or gender bias,” said Keroles.
He further emphasized how Bitcoin’s decentralised structure could empower millions of Africans who are excluded from traditional financial systems by providing them with a secure and transparent financial platform.
With Kenya having the third highest number bitcoin users in Africa, Kenyan startups have taken charge in leading the Bitcoin adoption, leveraging it’s unique capabilities to address local challenges.
According to Janet Maingi, the Co-Founder of Gridless, innovative strides continue to be made in the country.
“We look at Bitcoin in Kenya and we have companies and startups that have come up ensuring that whether its in education, mining or other NGOs…we have the likes of Bitcoin babies, Gridless, Afri Bit, Bitcoin Dada and many others that are really making the difference to push Bitcoin adoption.”
As the global demand for financial solutions grows, Kenya is positioning itself at the forefront of this digital revolution.
The presence of industry heavyweights and local pioneers at the event further underscored Africa’s readiness to harness Bitcoin’s potential.
By Raph Wangutusi