Bitcoin

Jack Dorsey announces 2020 plans to move to Africa

Twitter CEO Jack Dorsey
Photo: David Becker/Getty Images

Twitter CEO Jack Dorsey announced he plans to live in an African country for 3 to 6 months in 2020.

Why it matters: Dorsey says Africa will "define the future," especially in regards to Bitcoin. The continent is currently seeing a boom in financial growth as its middle-class in numerous countries grows.

Go deeper: Africa's growing middle class

Central banks could be left behind on digital currencies

Illustration of a hand covering cryptocurrency
Illustration: Eniola Odetunde/Axios

Government leaders and central bankers are spending more time studying digital currencies, but don't look any closer to launching one than they were 6 months or a year ago.

Why it matters: Facebook, by contrast, appears to have a prime-time ready product — its Libra digital currency — and shows every intention of pushing forward, despite the recent abandonment by a quarter of the members of the currency's governing body.