Kenya, one of the biggest crypto-nations in East Africa, has inaugurated Willam Ruto as its new leader in Nairobi, the nation’s capital.
Willam Ruto narrowly defeated Mr. Odinga in Kenya’s presidential race, receiving 50.5% of the vote to his opponent’s 48.8%.
A Kenyan P2P trader on Paxful told a CryptoAfricaNow(CAN) reporter that Mr. Uhuru Kenyatta, the outgoing president, had an unprejudiced stance on the adoption of cryptocurrencies in the country and didn’t pass any laws restricting Kenyans from trading digital currencies while he was in office. Instead, he strengthened the nation’s tech sector.
Reports claim that 8.5% of Kenyans possess cryptocurrencies, which is more than the 8.3% of Americans. Former president Uhuru Kenyatta was a modernizer who had the noble objective of making Kenya a tech powerhouse in Africa.
Will Kenya become the second country in Africa to adopt cryptocurrency under William Ruto’s leadership, exactly as his counterpart in the Central African Republic has done?
The new president may decide whether or not the government will adopt cryptocurrencies in the future, as interest among crypto enthusiasts is considerable. It’s time for the Kenyan crypto community to educate President Ruto about Bitcoin and its blockchain technology even though he may not have a better understanding of it.
Kenya might imitate Nigeria, which now uses its own digital money known as the E-Naira.
What are your thoughts on Kenya’s newly elected president’s adoption of cryptocurrencies?
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Ndasi Tata is a Bitcoin entrepreneur from Cameroon, who holds an M.Sc in Blockchain and Digital Currency from the University of Nicosia. He is an advocate of Bitcoin in Africa and uses various social media platforms to promote his ideas and ventures. Tata has a background in state journalism and has established himself as a significant figure in the Bitcoin community.