GXChain Focuses on Africa , Started with Establishment of Africa Community
Written by Opakunle Omotayo, GXChain Pioneer
In the month of August , GXChain hierarchy announced the creation of Africa community. This is as a result of the project to expand to other continents. Africa is one of the fastest adopters of cryptocurrency with the western , eastern and southern Africa being the powerhouse of the adoption.
With the spread and development of blockchain technology on a global scale , Nigeria ,South Africa ,Kenya ,Uganda are considered as one of the most promising African countries to use blockchain technology and is expected to become the blockchain centers in Africa. On the other hand, the governments of these countries actively advocate blockchain technology to serve the domestic economy.
Due to the relative lag of financial services in these countries and Africa in general , blockchain technology is urgently needed to change the status quo of financial development.
GXChain is a fundamental blockchain for the global data economy, designed to build a trusted data internet of value. Benefiting from DPoS based Graphene underlying architecture, GXChain possesses functions including G-ID, GVM, BaaS and Blockcity, which are convenient for application development.
GXChain provides a leading solution for the data economy by developing multiple trusted data modules. Data uploading, storage, computation, and exchange has been gradually realized with many commercialized applications. To provide the bottom level services of sharing, co-governance, transparency and security for the quadrillion level data economy market.
GXChain has definitely not deviated from what blockchain technology is preaching in terms of transparency , trust and ease of doing business.
Remittances to sub-Saharan Africa grew to $37.8 billion in 2017, according to the World Bank to around $39.2 billion in 2018 and $39.6 billion in 2019. Perhaps unsurprisingly, as the largest population and economy, Nigeria topped African recipients with $22.3 billion in 2017.
Nigeria is Africa’s largest economy and it’s unique economic strength provides strong support for Nigeria’s blockchain development.
Because cryptocurrencies are a non-regulated digital currency, they offer economic flexibility and the opportunity to execute transactions with various financial markets across the world.
This highly secure currency offers an alternative to traditional banking and cash-based transactions, creating a host of added benefits to individuals, companies, and even African economies.
Cryptocurrencies offer all the advantages of traditional currencies with added security and unparalleled accessibility, making them ideally suited for Africa’s unbanked population.