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Bitcoin Adoption and Energy Dynamics in Africa
Exploring the use of Bitcoin in Africa, this chapter delves into the dominance of on-chain transactions over Lightning transactions, particularly in Nigeria, and the prevalence of B2B transactions. It investigates the contrasting energy dynamics between East and West Africa for Bitcoin mining, highlighting the potential for renewable energy integration. The chapter also discusses the impact of ETF approval in the US on African governments' regulatory views towards Bitcoin and showcases initiatives like the Beat trust in promoting Bitcoin adoption and education in Africa and India.