When a fourth-year student at Uganda’s Makerere University committed suicide last month after losing Sh500,000 from his digital wallet in what police confirmed to be a cryptocurrency scam, Africa’s fears to endorse digital currencies and blockchain technology were heightened.
Though faced with much controversy, complexity and uncertainty, blockchain and cryptos will keep disrupting the finance sector but experts say the right knowledge needs to be imparted on millions of African youth who ride on the get-rich-quick mentality.
