Ghana - The Best Cryptocurrency In Africa
Ghana is probably the easiest country in Africa to buy bitcoin. Not only does it have very high web penetration and a very supportive regulatory atmosphere, but it surely also fairly literally has bitcoin factories just waiting to be tapped into.
If you're looking to invest in bitcoin, Ghana is the place to do it. Increasingly individuals are getting on board and benefiting from the expansion in digital currency.
The Regulatory Environment
The very first thing to note about Ghana is how supportive of a Regulatory environment it's. Bitcoin and other cryptocurrencies are thought-about legally-tangible property in Africa, and lots of nations there have handed laws to regulate the shopping for and selling of digital currencies.
This is an excellent factor for buyers in bitcoin, because it means they will buy safety tokens with complete confidence that the regulatory agencies will protect their interests.
Decentralized Organization Of Governance
Another thing to note about Ghana is how decentralized the group of its governance is. It would not function like most nations in that traditional energy is stored at a distance, and as a substitute, power is directly given to these who are deemed to be doing the best factor by those collaborating within the network. The extra you learn about how cryptocurrencies and blockchain technology work together, the more you may possible love Ghana.
Friendly People
Probably the greatest things about Ghana is that the individuals there are extremely pleasant and welcoming. It won't come as a shock that many Africans have taken to cryptocurrencies, as money is commonly a problem and many people have found methods to take advantage of a cash-strapped economy.
Should you go to Ghana, you may soon discover that the people there are some of the friendliest you'll ever meet. They're very welcoming of tourists and are extraordinarily grateful for any funding that comes their manner. Persons are normally very glad to help and ensure you might have a superb time, and it looks like a really protected and friendly nation. That's one thing to remember when traveling there!
The growth Of Bitcoin In Ghana
Certainly one of the primary reasons why Ghana is such a simple place to purchase bitcoin is that the cryptocurrency is so common there already. In 2017, the price of 1 bitcoin rose from $2,four hundred to a high of $20,000, and since then, it has slowly but absolutely began to decline. Still, it is an entire lot cheaper to buy bitcoin in Ghana than in most other locations.
The rationale behind the current decline in value has somewhat bit to do with the uncertainty that surrounded the complete year of 2018 and lots to do with the increasing reputation of crypto-currencies in general. However, the main cause is that there are just so many locations in Ghana where you can purchase bitcoin. While it's comparatively easy to buy the cryptocurrency in Singapore or the United Kingdom, it may be fairly tough to take action in other parts of Africa, and it's not simply restricted to Africa.
With increasingly people realizing the benefits that cryptocurrencies and blockchain technology offer, it is no surprise why Ghana is amongst the top 5 African nations on the subject of blockchain growth. It started off with only a few cryptocurrency clubs and blockchain growth teams, however now, total universities and colleges are embracing the innovation and using it for studying.
Where Can I Buy Bitcoin In Ghana?
In case you go to Ghana today, you'll discover that there are various locations where you may buy bitcoin. It wouldn't be an exaggeration to say that there are complete towns devoted to the selling of bitcoin and different cryptocurrencies. While there are lots of options in main cities like Accra and Kumasi, it is not tough to seek out places the place you can actually purchase cryptocurrency. It is going to assist if you already know the place to look.
Along with towns and cities, many prominent companies and firms from Ghana have began accepting bitcoin as a mode of cost. This includes businesses like HiFi Café and Planet Coffee, which now accept the cryptocurrency as a means of fee, as well as the government companies that oversee the financial system. With all these places and organizations keen to simply accept bitcoin, it is very straightforward for an investor to discover a wallet and make a purchase.
Conclusion
If you're looking for an extremely straightforward place to put money into bitcoin, then Ghana is the nation it is advisable to go to. The digital forex is straightforward to buy, and the regulatory setting is supportive of buyers.
Since 2012, when bitcoin first began gaining traction, many Africans have been among the early adopters. The most popular alternate places in Ghana are Coinbase, Bitfinex, and Binance. Additionally, many major banks in Ghana have began offering their clients the flexibility to buy bitcoin and different cryptocurrencies in their accounts. That's quite an expansion for a rustic that only a few years in the past didn't also have a single digital forex account holder.
With an increasing number of Africans realizing the benefits of cryptocurrency and blockchain technology, it's quite clear that Ghana is well-positioned to embrace the innovation and use it for good. If you are an investor in bitcoin, then Ghana might be the place for you.