In 2022, Ethiopia Started Adopting Bitcoin CryptoBlog

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This is an opinion piece by Kal Kassa, an Ethiopian Bitcoiner.

2022 has been an exciting year for the global Bitcoin community, and especially African Bitcoiners. With a large population much younger than many other continents, all 54 countries in Africa are becoming more Bitcoin ready with a growing arsenal of educators, advocates, and developers.

As we look to the future of what is possible with sovereign money, especially in the parts of the world that can benefit the most, it is worth reviewing some of the upcoming news and highlights. from Ethiopia, a country that could emerge as one of the leaders in Bitcoin adoption and innovation in the coming year.

First QuarterBitcoin Magazine published “Suppressed by Global Superpowers, Ethiopia Should Turn to Bitcoin” by Project Mano as inflation figures for the nation came in at 35.1% and 41.6% for Ethiopia. food inflation. Yilak Kidane ran a full Bitcoin node using a Raspberry Pi 4 and live-streamed the process from Addis Ababa.Dr. Abiy Ahmed, the Ethiopian Prime Minister, has encouraged the country’s institutional bankers to seek out innovative technologies “like cryptocurrencies”. These comments were made during an inaugural celebration of the Commercial Bank of Ethiopia at its headquarters building. of energy. An introductory course titled “Bitcoin 101” was held in Addis Ababa with the aim of increasing education and adoption. These courses were inspired by books by Bitcoin-focused authors like Jimmy Song, Andreas Antonopoulos, and Saifedean Ammous.Second QuarterThird QuarterFourth QuarterDr. Yinager Dessie, governor of the National Bank of Ethiopia (NBE), said 391 personal bank accounts across the country had been frozen. Bitcoin Magazine covered the news on its live show, Episode 178, in defense of peaceful money transfer methods such as Bitcoin and the Lightning Network. Paco de la India (aka Run With Bitcoin) has been to various cities in Ethiopia to hang out with early adopters and merchants accepting bitcoin. India also hosted a bitcoin meetup in Addis Ababa, sharing sats (fractional amounts of bitcoin) with over a dozen attendees. that “Ethiopia has started exporting electricity to neighboring Kenya” upon news that the government company Ethiopian Electric Power has successfully tested a new transmission line. The Green Africa Mining Alliance (GAMA) was launched at the inaugural Africa Bitcoin Conference in Accra, Ghana, while the Built With Bitcoin Foundation inaugurated a new Bitcoin Education Center in Kumasi, Ghana.Strike and Bitnob have announced a partnership allowing more remittance services in Nigeria, Kenya and Ghana to work on Bitcoin’s Lightning Network. Gridless has raised $2 million from Stillmark and Block, Inc. to fund bitcoin mining efforts in East Africa.

As 2023 approaches, I am full of optimism. Bitcoin is indeed a powerful tool unlike any other money the world has ever known. And as with any powerful tool, it takes a lot of care and responsibility. Stay humble, stack the sats, and have a great New Year!

This is a guest post from Kal Kassa. The opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

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