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Ethiopians Creeping Into Crypto The idea of digital currency | Ethiopian Business Review

Ethiopians Creeping Into Crypto

The idea of digital currency has been in the making for long. Still, challenges are ever-present in realizing the idea no matter how powerful the digital world has grown throughout the years, especially post-Covid. Recently, however, digital currencies are slowly taking shape to allow transactions across borders and the decentralizing of trading—abolishing the role of middlemen as well as regulations from financial institutions and governments. In similar fashion to the trade of hard currencies in financial markets, digital currencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Tether (USDT), among others, are being traded on online digital currency markets for the end purpose of buying and selling goods and services in the physical world.

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