Africa May Leapfrog Traditional Banking

[Diginomics]

According to Mobile Payments Today, in 2002, only 3% of people on the entire continent of Africa had mobile phones. That number ballooned to 48% by 2010. In 2014, 70% of the continent’s population had a mobile phone as the market continues to adopt cellular devices.

Africa is well positioned to leapfrog traditional banking and move directly to a bitcoin-enabled financial paradigm. Out of all the nations of Earth, African countries stand to benefit the most from financial technology such as bitcoin.

Read More: Africa May Leapfrog Traditional Banking For Bitcoin

[TsonicTsunami]

Just as they have leapfrogged the need for TelCom infrastructure the wireless super highway will facilitate their ability to disintermediate financial services. It's game over for traditional banks.

[JohnSoby]

Hm interesting ... haven't looked to it in that way