iGaming AFRIKA: Right, there is indeed a lot of scepticism around cryptocurrency, especially in sectors like iGaming. How would you address these concerns and encourage more widespread acceptance?
Frank Deya: I completely understand where the scepticism comes from. From the outset, Bitcoin and other cryptocurrencies were seen as highly complex and technical, and there’s been a lot of misinformation circulating about them. Many people associate crypto with high-risk investments or even criminal activity due to its early unregulated phase. However, that perception has gradually been shifting as more institutions, including governments and regulators, begin to understand its value and regulate its use.
What I believe is key to overcoming this stigma is education. We need to focus on teaching people the fundamentals of Bitcoin, blockchain technology, and how these innovations work. This is essential for both operators and players, and education is the driving force behind mainstream adoption. Moreover, reducing the risk of scams and ensuring that people are using trusted platforms will further help demystify cryptocurrency and build trust.
As Bitcoin becomes more widely accepted and integrated into regulated frameworks, we can expect more people to view it not as something mysterious or dangerous, but as a legitimate and valuable financial tool, particularly for industries like iGaming. It’s a technology that’s here to stay, and by promoting transparency and understanding, we can help it reach its full potential.
In time, I think more people will realise that cryptocurrencies offer unparalleled convenience for cross-border transactions, and by creating a secure and trusted ecosystem, we can level the playing field for operators and users alike.
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