Over the past few decades Ghana, one of the coastal gems of Africa has had quite a track record in terms of unemployment. Corruption amongst business officials plays a huge part in the country’s lack of development. That said, Cryptocurrency is turning things around for the nation. It has opened up the market and has given jobs and business opportunities to people who would have otherwise had nothing.
The Finchcoin, Ghana’s first official cryptocurrency has been met with such popularity by the people that it is being expanded upon. This means Ghana will be getting cryptocurrency exchanges, a Finchcoin-based bank, a crypto mining station, crypto bonds and most importantly more opportunities for the people.
16-year-old Elisha Owusu Akyaw is one of those largely benefitting from the growth that has spawned from this coin. Ghana’s youngest entrepreneur is the CEO of Token Media. The small company has carried out its share of massive operations thanks to blockchain. They haven’t done it all themselves though. The small business has went through many firms who directed their projects in the right direction. That said, Token Media has carried out over $40 million in token sales.
This young man journeyed down a very unconventional path to his success. He explains here, “I got into the tech space sometime in 2013. I had my second phone after using a Nokia 3310, so I got access to the Internet and began to explore what mobile phones, operating systems and websites were all about, and in 2014, I learned how to create websites on my own through YouTube.”
In terms of Ghana’s attitude toward cryptocurrency, Finchcoin’s birth has signaled a kind of change in the tides. The government that once warned citizens to stay away from cryptocurrency is now ready to embrace it. With that, the government of Ghana does want to regulations on cryptocurrency.
Akyaw, the young CEO has expressed that he believes cryptocurrencies will be the dawn of new era for Africa. It will pull the continent from the tight grips of financial despair. He stated, “The futures of cryptocurrencies in Africa is bright, as it has moved from just being currencies into various useful platforms that will be essential to the African continent. I’m currently working on putting together an event on cryptocurrencies with a focus on regulations, the future of cryptocurrencies, and how they can help Africa.”