Newslink: Poor Internet Access Could Slow Down Cryptocurrency Growth In Africa

Africa is often lauded as the next big thing for cryptocurrency adoption and development. But could poor internet access and connectivity slow down progress? A new report by the International Telecommunications Union (ITU) shows that it will cost $450 billion to connect 1.5 billion people – most of them in Africa – to the internet. African governments spend almost three times less than the global average on broadband connectivity. Then there is also the issue of low education levels, and high cost of internet-capable devices against low incomes. All these factors could combine to slow down the cryptocurrency revolution in Africa, a revolution that rides on reliable internet connectivity.

https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/