Why Bitcoin Will Beat Mobile Payment To Its Game In Africa

Indications are rife that Bitcoin use will grow in parts of Africa in the coming years in the mobile payment market which Statistics says is expected to grow to 101.34 million users in 2016.
EY’s attractiveness survey Africa 2015 says capital investment into Africa between 2013 and 2014 surged to $128 billion, up 136% and foreign direct investment FDI created 188,400 new African jobs at a 68% increase.
Co-founder of Chankura in South Africa, Thabang Mashiloane, says they have discovered that 13% of the $128 billion has been flowing within Africa in remittances and the large number of the unbanked Africans living outside their home countries would likely be served better in coming years when the limitation created by the lack of infrastructure for Blockchain/Bitcoin use cases by most African countries is addressed. This, he said, would be at the expense of mobile payment
Mashiloane told Cointelegraph:
‘I believe the African continent will be one of the top adopters of Bitcoin.’
He added:

This post was published at Coin Telegraph on 2016-10-09.