Concerned about the expectation of a depreciation of the US dollar, and the fact that many African countries rely on US dollar cash reserves, Papa-Wassa Chiefy Nduom, vice president of Groupe Nduom, a large financial holding company, stated on LinkedIn and Twitter not to rely too much on the US dollar, but to increase Bitcoin. investment.
Unnecessarily prolonging the suffering of the population of the African continent
Nduom asked the LinkedIn, "If the continent finally reached a consensus on the new digital reserve assets and found ways to use it to invest in infrastructure, what would happen." "The dollar has worried him. Experts say it is going downhill, especially this year. This is especially a concern in Africa, because many countries rely on the US dollar. If no measures are taken, the double-digit decline expectation may lead to “unnecessary prolongation of the suffering of the African continent†and will happen soon.
An alternative to Nduom's support is to increase bitcoin investment. He used himself as an example. "I am a lawyer, a member of a family business group, a negligible investor. My only interest in this bluff is a dark missed phobia of a globalist." "The Bitcoin node covers the whole world, but Africa is a clear dark spot. Africa has been lagging behind."
More than just pure speculative tools, Nduom sees Bitcoin as an opportunity for Africa to border without borders, building a less casual political group, and the Ghanaian independent leader calls it the United States of Africa. Bitcoin may also be able to hedge local government corruption, saying that such corruption can easily steal legal currency reserves. “If it is a reserve in the public blockchain, it will not be so easy. Because the blockchain has never gone downhill, blockchain data can also be transmitted freely in satellite networks.â€
“Citizens can set warnings on the address and steal orders from political habits. Eventually you can borrow money from them to build what is urgently needed in these countries.â€
Unwilling to wander again
In a recent interview with Modern Ghana, he said that he has called on the central bank of Ghana to bet on bitcoin with a 1% reserve. “With regard to investment cases, for the central bank, especially for countries that need solutions, we need more investment funds. My point is that we can invest and send good investment signals.†He stressed, "For example, if the exchange is incorporated in Ghana, digital currency transactions will not require taxation or capital gains tax, but will impose an exchange profit tax. This may allow foreign currency to flood into Ghana."
He limited his research to 13 African countries, basically English-speaking countries, and shifted the over-reliance on the dollar to the cryptocurrency to restore balance, which is a completely risky gamble. If the response obtained has any direct meaning, then his Twitter has spread quickly with this effect, and has already won more than 70,000 likes.
“I will look for the central bankers who first say that they don’t want to continue to squint and then venture into this new, unlicensed, powerful, and extensible global financial ecosystem. Everything we need to learn can be Get it for free on the web."
We are China Leading Manufacturers can supply you the Telecommunication Accessory,including Back Mount Frame,Test Cords, Mounting Frame For 19 Inch Rack.Besides,we can offer you the Earth Bar 8 Pair 10 Pair,Crimping Lug,Disconnection Plug.Welcome to purchase!
Telecommunication Accessory, Test Cords, Back Mount Frame
NINGBO YULIANG TELECOM MUNICATIONS EQUIPMENT CO.,LTD. , https://www.yltelecom.com