Crypto Fest 2024 to Highlight Bitcoin, Stablecoin Payments, and Regulatory Advances Across Africa

cryptonews.com:

Cape Town, South Africa – On 11 October 2024, the DHL Stadium will host Crypto Fest 2024, one of the most anticipated South African Web3 events of the year. This event will highlight Bitcoin adoption, crypto payments, and the growing regulatory landscape across Africa, emphasizing both the benefits and challenges of using cryptocurrency for payments.

Browse the ticket options below and reserve your spot online through Quicket:

Africa is rapidly emerging as one of the fastest-growing regions for cryptocurrency adoption. Recent reports indicate that Africa’s crypto market grew by over 1200% between 2020 and 2021, and countries like Nigeria, Kenya, and South Africa lead the way in Bitcoin usage.

As financial inclusion remains a significant challenge across the African continent, Bitcoin presents a potential solution by offering greater accessibility and substantially lower transaction costs compared to traditional financial services. A key theme in this year’s discussions will focus on how community-driven movements are advancing grassroots Bitcoin adoption.

Local organizations such as Bitcoin Ekasi in South Africa are playing a pivotal role in educating the underbanked and fostering financial inclusion, particularly in rural areas. Hermann Vivier, Founder and Chairman of Bitcoin Ekasi, will share his insights on the development of a Bitcoin circular economy in a South African township, demonstrating the practical applications of Bitcoin for local communities.

Additionally, Carel van Wyk, co-founder and CEO of MoneyBadger, will discuss a major development in South Africa’s retail and cryptocurrency space. Pick n Pay, one of the country’s largest retailers, has adopted Bitcoin as a payment method using MoneyBadger’s platform.