CRYPTOCURRENCIES (BITCOIN AND TATCOIN) AND THE BLOCKCHAIN TECHNOLOGY IS CHANGING THE NARRATIVE IN AFRICA!
The world has definitely evolved with the evolution of money from metallic coins to paper money, to credit cards and now to digital currencies with cryptocurrencies.
Cryptocurrency is just a form of digital currencies that is discentralised and can be transfer from one person to another via a blockhain.
What this implies is that with cryptocurrencies, money can be transferred in the form of value through a peer to peer system.
Bitcoin appears to be the first ever created Form of Cryptocurrency by an anonymous Satoshi Nakamoto, built on a Blockchain.
The Blockchain is a decentralized and secured system created for the transfer of value seamlessly and transparently. Every transaction carried out on the Blockchain can be read and verrified.
Because Bitcoin is not only a currency but also store of value it has the ability to appreciate in value over time.
According to CNN, Bitcoin was the best performing assets of the past decade with over 8.9M ROI.
Let's get this more explicit, 1$ invested in Bitcoin at the beginning of the past decade, (2010) would have yielded over $90,000 at the end of the decade.
Crazy right? That is why more investors are willing to take hegde in Bitcoin as a safe Haven from falling economy.
The devaluation of local currencies like (Naira for example) over the years has made cryptocurrency like Bitcoin as better store of value for long-term investors.
Through cryptocurrency like Bitcoin, Nigerians who are business inclined with large amount of money to transact over foreign shores can do so seamlessly.
Nigerian Bitcoin Entrepreneur, Chimezie Chuta in a press with Coindesk says: "Nigeria is a very import-heavy country. Food industry, drugs, you name it, construction equipment, cars. Much of these goods are bought from Chinese manufacturers. Nigeria’s economy is heavily import dependent and China is a major import partner to Nigeria”, Chuta adds.
Consequently, Bitcoin has increasingly become an alternative means for a fast, reliable and less transaction fees for entrepreneurs in Nigeria.
Away from Bitcoin, alternate coins popularly know as alts coins have gain more attentions like Ethereum with its own Blockchain system, built also to allow crypto tokens and other smart contracts to be built on it.
In Africa, we have an indigenous cryptocurrency project, Tatcoin built on the Ethereum Blockchain also changing the narrative as both a system of value transfer and a store of value.
Tatcoin creator, Gaius Chibueze, popularly known as Bitcoin chief says missing buying bitcoin at the dawn of the decade when it was valued at less than a dollar is no long an issue if one has acquired for himself Tatcoin now, especially during it presale when it sold for 3cents.
With the surge in the price of Tatcoin, the Utility token has done more than 7x from its initial price at presale. Those who bought at presale have made huge ROl on their assets with even more bigger prospect for the future.
Use cases and adoption is very essential to the value of crypto assets and Tatcoin has both as the token is built under an ecosystem, AbiTNetwork with solutions across several industries, like Real Estate, Travels, Agriculture, Games, Clothing, Finance, etc as the transactional currency within the ecosystem.
