Amazon Prime launches Bitcoin documentary from Africa

20 May 2020

Amazon Prime will begin streaming the documentary “Banking on Africa: The Bitcoin Revolution,” on Friday, it has been confirmed.

Made by South African filmmaker Tamarin Gerriety, the programme will highlight how different nations and people within this highly diverse continent use cryptocurrencies.

The documentary comes on the back of the research from DataReportal that reveals that 11% of Nigerian and 13% of South African internet users under the age of 64 own some digital currency, compared to the global average of 7%.

“So far, it appears that Nigeria, South Africa, Kenya and Ghana are home to the fastest growing communities of Bitcoin users on the continent,” reports Coindesk.

One of the sponsors of the programme notes: “As the world races to lead the way in blockchain technology, could Africa have an advantage? This documentary follows the journey of Bitcoin pioneers as the continent seeks to leverage cryptocurrency to leapfrog standing world economic powers.”

Africa is the continent which is home to those largest number of ‘unbanked’ people, that is to say, those who do not have bank accounts.  Bitcoin and other cryptocurrencies can help solve this problem, say experts. 

This is the objective of internationally acclaimed singer Akon, who is about to launch his Akoin cryptocurrency, initially destined for Kenya. Among Akon’s objectives, the use of this cryptocurrency based on Stellar’s blockchain is, reports Cryptonomist, to expand soon throughout Africa and become a solution for digital payments for those without a bank account.