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30 September 2020

Ending Money's Distance Trap

Ending Money's Distance Trap

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The story of bitcoin adoption in Africa this year keeps getting more interesting.

This week, Reuters pushed out a well-syndicated story on the rapidly growing adoption on the continent, citing data from Chainalysis that showed a 55% jump in transfers to and from Africa of under $10,000 and a similarly sized increase in the number of transfers?

It’s the other end of the spectrum from the “digital gold” narrative that dominates the more speculation-driven activity in the developed economies, where concerns about future inflation and the threat to the existing dollar-based financial system are cited as motivators for investments, not payments?

What could we learn about the dynamics of “super spreader” events and how might it help schools and businesses find the right balance as they endeavor to reopen this fall.

But after taking a look at the data, CoinDesk markets reporter Omkar Godbole is here to tell us that the kinds of mom & pop investors who jumped on the ICO bandwagon are not to be found this time, at least not in the same numbers

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