The leadership of the LBank trading platform believes that the high level of acceptance of digital assets in the developing countries of the African region will have a beneficial effect on the development of the crypto industry.
Allen Wei, CEO of LBank crypto exchange, said in an interview that blockchain could have a significant impact on Africa. The introduction of blockchain in the region can affect cryptocurrencies, the businessman emphasized the importance of supporting projects throughout the continent.
According to Wei, thanks to the blockchain, there is an opportunity to solve the economic problems of the continent.
“With the help of blockchain, Africa can create an inclusive society with a robust economy and the highest standard of living. A huge economic system can be built in which more people will be employed and have access to more wealth than ever before,” he said.
In addition to the impact of blockchain on Africa, the CEO of LBank emphasized that the region itself can have a big impact on the global crypto ecosystem. Due to the large population in the region, the introduction of cryptocurrencies will facilitate their adoption in other regions of the planet:
“With so many owners of cryptocurrencies, it will become easier for the rest of the people around the world to accept it, which will lead to a positive turn in the crypto economy.”
The head of LBank noted the importance of financing local projects. While the region has potential, Wei notes that crypto and blockchain projects in Africa often face funding challenges.
In May, the CEO of the Kenyan holding company Equity Group Holdings
James Mwangi stated that payments using cryptocurrencies
can improve the financial system of African countries.
Source: Bits
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