“For those of us in the Global majority, where currencies routinely collapse, labor is devalued, and entire nations are trapped in the cycle of debt slavery, Bitcoin’s role as a lifeline is not a fantasy: it is a daily reality(…)
In Africa, over the past two years, the impact has been especially severe, with over half of the continent’s 46 currencies depreciating by as much as 40% against the U.S dollar. This year, Nigeria, Africa’s largest economy has seen its currency“The Naira” lose over 82% of its value, against the U.S dollar plunging from ₦896 in January to ₦1,635 by mid-October.
In Africa, over the past two years, the impact has been especially severe, with over half of the continent’s 46 currencies depreciating by as much as 40% against the U.S dollar. This year, Nigeria, Africa’s largest economy has seen its currency“The Naira” lose over 82% of its value, against the U.S dollar plunging from ₦896 in January to ₦1,635 by mid-October.