News

Jack Dorsey’s Btrust’s Most Recent Acquisition Will Train African Bitcoin Engineers

single-image

The pool of African Bitcoin talent and what it signifies for the future of cryptocurrency are both expected to change as a result of Btrust’s acquisition of Qala.

  • A top African Bitcoin talent firm, Qala, is purchased by Btrust, which is backed by Jack Dorsey.
  • The purchase intends to increase African Bitcoin knowledge on a global level.
  • Because of its distinctive positioning in the African market, Qala is a strategic asset for Btrust.

Supporters of cryptocurrencies have long praised the promise of the sector to bank the unbanked. With the acquisition of Qala, the Jack Dorsey-backed Btrust now seeks to draw from the talent pool of the regions most impacted by this problem.

African Bitcoin Talent Company Qala is Acquired by Btrust

Btrust is a proponent of decentralized Bitcoin software development and was founded with the help of Jack Dorsey and Jay-Z. Btrust purchased Qala, a company that educates African engineers in Bitcoin and Lightning, on Tuesday, September 5.

After the acquisition is complete on September 1, 2023, Qala will join the Btrust Builders Program, showing a common desire to promote open-source engineering for Bitcoin, particularly from the Global South.

Stay in the know on crypto by frequently visiting Crypto News Today

Since its launch in 2021, Qala has played a key role in connecting African software developers with global Bitcoin businesses. It has an impact on more than 42 African countries, and its initiatives have allowed job placements at companies including Bitnob, Galoy, and SphinxChat.

Co-Founder and Director of Qala Bernard Parah shared his thoughts on the merger, highlighting how it could improve how people understand and use Bitcoin to solve particular problems in Africa.

Stephanie Titcombe and Femi Longe, both from Qala, will join Btrust and offer their knowledge to the Btrust Builders Program.

Blockchain and Bitcoin in Africa

Blockchain technologies and the cryptocurrency industry are being quickly adopted throughout Africa. The continent’s distinct socioeconomic issues have made it a favorable environment for adoption.

CryptoCaster Quick Check:

Africa, while having the smallest volume, is one of the crypto markets with the quickest growth internationally, claims Chainalysis. At their peak in mid-2021, cryptocurrency transactions on the continent totaled $20 billion per month.

South Africa, Kenya, and Nigeria are the region’s most populous nations in terms of users. The inherent volatility of these digital assets makes them less desirable as a store of value, despite the fact that many Africans use cryptocurrencies for commercial payments.

On the other hand

While cryptocurrency use in Africa is accelerating, a sizeable section of the continent’s population still lacks access to the required technology or internet connectivity.

Despite some regions having high penetration rates, Africa is a very modest market for cryptocurrencies.

Why It’s Important

The partnership between Btrust and Qala illustrates the potential of cryptocurrencies in the Global South, particularly in Africa.CRYPTOCASTER® - DECENTRALIZED FREEDOM!


We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster


Please Read Essential Disclaimer Information Here.
© 2022-2023 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.


Contribute to CryptoCaster℠ Via Wallet Coin/Token Addresses Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt



You may also like