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Ethiopia’s Best Chance at Adopting Bitcoin

Mar 18, 2022 at 22:17 UTC 727956Project Mano, an Ethiopian group lobbying the government to embrace Bitcoin, published an open letter to Samson Mow – and what’s more, Mow responded.
Their initial proposal to the Ethiopian Prime Minister was written in 2020, when the price of Bitcoin was just $10k USD.
Samson Mow, in turn, tweeted that he was all for it.
Reasons include sudden inflation during the pandemic, vast untapped resources of hydroelectric and geothermal energy for mining operations, and a population which is mostly unbanked.
Nevertheless, Project Mano and Samson Mow are convinced that a full Ethiopian adoption of Bitcoin would generate momentum for the entire African continent.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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