The densely populated continent of Africa is concreting its standing as a crucial destination for blockchain proponents, with local adoption could majorly impact the broader crypto economy. 

Specifically, Allen Wei, Head of crypto exchange LBank, reportedly provided further explanation that blockchain possessed the potential to create a major impact on Africa. 

Furthermore, Wei also emphasized the notion that adoption across the territory potentially places an effect on crypto, as well as highlighting the importance of throwing weights behind initiatives throughout the continent.

Blockchain reportedly brings about a chance to offer a solution for Africa’s economic issues. The executive underscored that the technology has the ability to establish an inclusive society on the continent. 

“With the help of blockchain, Africa can create an inclusive society with a robust economy and the highest standards of living. A larger economic system might be built where more people will be employed and have access to greater wealth than ever before.”

The Head of LBank additionally emphasized that the territory could also have a big impact on the larger crypto ecosystem. Due to the dense population the continent possesses, Wei shares a belief that adoption in Africa would contribute to the overall acceptance for crypto from different other regions.

“With such a large number of people using cryptocurrency, it will become easier for others around the world to accept it too, which will cause a positive turnaround in the crypto economy.”

Moreover, Wei further claimed that assisting the region will help the crypto sphere to achieve a presence of a larger scope. “If we can help Africa become one of the most crypto-friendly continents on the planet, then we will be able to reach a larger audience than ever before”.