Qala is a full-time program that specifically aims to train African Bitcoin (BTC) and Lightning Network developers. It offers stipends to participants in its trainings. Earlier this month, Qala hosted a major event in Lagos, Nigeria on the theme «Bitcoin for Africa, by Africans Many investors, speakers and representatives of Bitcoin startups in Africa participated in this event.
Qala works for Africa to build a better future through Bitcoin (BTC) technology
During the event “Bitcoin for Africa, by Africans“, several points were discussed regarding the development of Bitcoin technology. Participants spoke in particular of the opportunity this technology represents for Africa, which could benefit from it to build a better future.
They also noted that the program Qala is a big hit, remembering your mission and talking about your long-term goals. Qala promised to continue training young Africans to become proficient Bitcoin and Lightning Network developers.
Abubakar Nur Khalil, CEO and CTO of Recursive Capital, indicated that Africans could use the infrastructure of Bitcoin and blockchains in general to create solutions to solve the specific problems of the different regions of the continent.
Nigerian businessman Femi Lounge said:Traditionally, African countries are consumers of products built outside the continent. In this room, we are no longer consumers, we are producers. Bitcoin is the tool with which we build.».
There are challenges in the African Bitcoin ecosystem
The Qala event not only showed how much Africans want to use bitcoin technology to change the world. Indeed, it also served as a reminder of the many challenges in the African Bitcoin ecosystem. The participants indicated that it was It is necessary to consider these challenges as an opportunity to get things done in the Bitcoin sector in Africa.
You should be aware that the various Western exchanges and tools that offer peer-to-peer Bitcoin services in Africa do not always meet the specific needs of Africans. Despite everything, there is a clear evolution in the cryptocurrency sector in Africa.
As proof, the Africans received $105.6 billion in cryptocurrency payments as bitcoin between July 2020 and June 2021, according to a report by the Chainalysis platform. This amount represents a 1,200% increase in the African crypto market compared to the previous year.
Qala organized an interesting event in Nigeria on the topic of Bitcoin technology development in Africa. The event, which brought together several participants, made it possible to observe the evolution of the cryptocurrency sector on the African continent and highlight the challenges to be met. You should know that the adoption rate of bitcoin (BTC) in Africa is increasing more and more thanks to the training offered by the various local players and companies like Qala that focus on this network.
Font : Bitcoin Magazine
Get a roundup of news in the crypto world by subscribing to our new daily and weekly newsletter service so you don’t miss any of the Cointribune essentials!
Luc Jose Adjinacou
Far from dampening my enthusiasm, a failed cryptocurrency investment in 2017 only increased my enthusiasm. Therefore, I resolved to study and understand the blockchain and its multiple uses and transmit information related to this ecosystem with my pen.