Why Senegal rejects the CFA and is warming to Bitcoin: Video
Why is there a groundswell toward Bitcoin adoption in Dakar? And could it influence neighboring countries and regions to explore magic internet money? Cointelegraph goes to Senegal, West Africa. The mid-sized African nation recently hosted a Bitcoin (BTC) conference, and more and more merchants and customers are joining the Lightning Network. Armed with a camera, a Lightning wallet and a microphone, reporter Joe Hall took to the streets of Senegal to peer under the surface of Bitcoin adoption in the capital city, Dakar. As the Cointelegraph YouTube video highlights, Senegal has a young, digitally native population and, in recent years, it's become second nature for people to send money via mobile phones rather than banks. A mobile money provider called Wave, for example, began in 2017 in Senegal and has since expanded to other countries in West Africa. It now boasts millions of users. Much like Bitcoin, the mobile money revolution attempts to bank the unbanked and improve fina...