From Oct. 10 to Dec. 7, 2022, Bitcoiners, technologists, investors, humanitarians, educators, advocates, and artists from across Africa and the world will develop and pitch solutions to problems using Bitcoin technology as part of the maiden ABC Hackathon. Registration is open from Sept. 10 onwards and will remain open until Oct. 5 at 12:00 pm UTC, when entries for all submissions close.
Over the past few years, there has been a massive surge in the adoption and use of cryptocurrency across the world. In Africa, even though internet penetration is low, the growth has been phenomenal, with a 1,200% increase in adoption between June 2020 and July 2021. This growth has been likely contributed to by the numerous crypto developers, technologists, investors, advocates and educationists operating in African Bitcoin ecosystems. In Africa, Nigeria is ranked first in the 2021 Global Crypto Adoption Index, followed by Togo, with Nigeria topping the peer-to-peer global rankings.
Even though there is a huge driving force behind the scenes for the Bitcoin market in Africa, there is little discussion on the tremendous opportunities Bitcoin offers and the future of Bitcoin within the continent. This has created the need for increased collaboration among various contributors to the cryptocurrency industry to reinforce knowledge and resource-sharing as well as deepen networking channels between African actors and those operating in developed nations.
Bitcoin has transformed the way people interact with money and the global monetary system. Over 300 million crypto users have emerged in just over a decade, far outnumbering the annual adoption rate of other digital innovations such as the internet or mobile money. Despite having the lowest internet penetration in the world, Africa has experienced the fastest growth in Bitcoin adoption.
The winners of the ABC hackathon will be announced during the closing ceremony on Dec. 7, 2022 at the Africa Bitcoin Conference at Kempinski Hotel in Accra, Ghana.
For more information about the ABC hackathon, visit the site.
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