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‘Africa Emerges as the Rapidly Rising Crypto Market’ – Africa Links 24 News

‘Africa Emerges as the Rapidly Rising Crypto Market’ – Africa Links 24 News

Rédaction Africa Links 24 with Guardian Nigeria
Published on 2024-02-21 03:55:23

The Director of 3.0 Verse (Digital Asset Universe), Mayur Poddar, has delivered a bold statement regarding Africa’s cryptocurrency market, claiming it is the fastest-growing in the world. Poddar emphasized the immense potential for generating income at a much larger scale through the use of cryptocurrencies. During a stakeholders’ conference titled ‘3.0 Verse summit 2024-Africa edition’ held in Lagos, he expressed the view that Nigeria, in particular, is showing remarkable speed in adopting new technologies compared to other parts of the globe.

Poddar, a seasoned professional with 17 years of experience in the financial markets, specializing in cutting-edge technology for financial brokers and institutions, elaborated on the massive economic potential of the blockchain industry and the opportunities it holds. He shared that 3.0 Verse currently boasts over three million users, representing three percent of the entire 100 million market share. Poddar set an ambitious goal for the platform, aiming to capture 10% of the market share and account for 50% of trading volumes in the next two years. This projection indicates the widespread belief in the rapid growth and potential of cryptocurrency trading in Africa.

The summit, as Poddar stated, was an effort to provide informed perspectives for both existing and potential investors in blockchain assets. The intention was to engage in an open interface and discussion session that can guide individuals in the complexities of cryptocurrency trading and investment. Michael Damilanre Bello, a financial market analyst specializing in the digital space, further elucidated on the benefits of using 3.0 Verse for trading. He commended the platform for its ease of use, essentially leveling the playing field for new and aspiring traders, making it accessible for individuals who are entering the digital space for the first time. Bello lauded both the Federal Government and the Lagos State government for their support of the digital world and the opportunities it presents.

Poddar’s prediction of Africa as the fastest-growing crypto market is a telling indicator of the potential that the continent holds in the global crypto ecosystem. The emergence of Africa as a force to be reckoned with in the world of cryptocurrency has significant implications. The rapidly evolving digital landscape in Nigeria, in particular, is a testament to the transformative power of crypto adoption, with the country leading the way in the continent’s crypto revolution. This summit served as a platform to showcase Africa’s growing influence and potential within the global crypto market, shedding light on the investment opportunities that exist within the continent.

In conclusion, the 3.0 Verse summit provided crucial insights into the ongoing evolution of the digital asset market in Africa and the promise it holds for the future. With experts in the field sharing their perspectives and experiences, the event shed light on the immense potential for growth and success in the cryptocurrency market. The optimistic outlook presented by Poddar and others indicates a bright future for Africa’s involvement in the global crypto ecosystem, signaling that the continent is well-positioned to become a major player in the digital asset universe.

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