EXPERTS Blockchain& crypto future of igaming in Africa 3 years ago Samuel Post Views: 1,061 Blockchain and Crypto is for Africa and Africa must take advantage of it to close the gap in the industrial and economic advancement between the African continent and the rest of the world. While the adoption is on the rise in the gaming industry Africa online bookmakers should take full advantage of this technology and with report of companies utilizing decentralize ledger technology (DLT) across the continent are emerging. Several stakeholders in the African blockchain scene say (DLT) is the key to solving the developmental issues plaguing the continent. Therefore, in the last few years, African nations have seemingly looked to china as a model of how a country can rise from poverty to become a global economic power. However, recently some of the African nations are taking a giant stride to regulate blockchain and crypto. For example Nigeria government sets its sight on decentralized technology as reported according to speaker of Nigeria house of representative said a concrete legislative frame work should be in place for crypto and blockchain regulation in Nigeria this has set the tone for other African countries to follow suite except for South Africa which is one of the country in Africa that has taking full advantage of blockchain and crypto technology in the gaming ecosystem. However, it is right about time that online bookmakers in Africa introduce blockhain and cryptos enable technology to the gaming platforms. In 2018 according to data from Google trends shows that Lagos Nigeria ranks as the number one city based on the volume of online searches for bitcoin, while this data may indicate a high level of interest among the city’s approximately 21 million people. Therefore one of the significant barriers to mainstream adoption in Africa is convenience, if you build it, they will come, but may work in western world but it’s an unreliable strategy for deploying solutions in Africa. As an African, we are really attracted to convenience so a better approach will be to provide a greater users experience and to promote users adoption to blockchain solutions. Digital currency is the future, sooner or later it will become gold that everyone as being seeking for, the future starts now. Written by Adeleye Awakan Associate/Editor www.gbc.ng Africa’s leading digital gaming magazine. For consultant on gaming in Africa, Marketing, PR, Advertising, and Thoughtful leadership article contact: [email protected]o.com. About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: bitcoin, blockchain, cryptocurrency Continue Reading Previous NOVOMATIC Americas celebrates best G2E everNext Regulation of online and mobile gambling in Africa must gather pace More Stories EXPERTS WORLD NEWS Online gambling & betting industry is projected to reach $145.6 billion by 2030 23 hours ago Szarlot EXPERTS SENEGAL Why African fintechs will continue to trend 2 days ago Samuel EXPERTS KENYA Gamblers Rejoice As Court Scraps Nairobi Law 5 days ago Samuel EXPERTS KENYA Court quashes betting tax, limit on gambling in 5-star hotels 6 days ago Szarlot EXPERTS SOUTH AFRICA Only 2 Months at The BiG Africa Summit 2023! 1 week ago Iwo Bulski EXPERTS MALAWI How Will Malawi’s Economy Fare in 2023 1 week ago Samuel EXPERTS SOUTH AFRICA South Africans spent big on groceries, entertainment and fuel in December 1 week ago Szarlot EXPERTS WORLD NEWS What Will Be The Future of Sports Betting Around The World? 1 week ago Szarlot EXPERTS HOT NEWS TANZANIA Mobile Betting – How Popular is it in Africa? 1 week ago Szarlot EXPERTS RWANDA Adam Bradford launches centre to train youth in Rwanda 2 weeks ago Iwo Bulski EXPERTS KENYA BetEngines launches the first Sportsbook software solution tailor-made for the African market. 2 weeks ago Adeleye Awakan EXPERTS KENYA Ronald Karauri’s Inspiring Journey from Pilot to SportPesa Billionaire 2 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.