Bitcoin Forum

Over the Past 9 years since Satoshi and his team introduce bitcoin and Blockchain Concept there are many challenge  due to government policies and  whole allot but Asian , European , Americans , Arabians they are  embracing it because they believe  its the future . 99.99%  of ICO are from Asia , America , Europe and Arab .  0.01 percent are from  Africa upon all there resources where  we need funds to manufacture still we are out of the Game ? Why Please tell me what you think !!   

ICOs don't mean the countries are embracing the blockchain technology. in fact the more ICOs some country has the more it shows that there are more scumbags in that  country who don't have any interest in the blockchain technology and are instead interested in making fiat money from the newbies who fall for their scam.

as for Africans i believe they are the ones that have embraced blockchain technology and mainly bitcoin since the usage of bitcoin as a currency (the only true way to use it) is happening there more than anywhere else.

If you are willing to learn more about Africa, then you will know that Africa is in a difficult situation, full of hunger and war, and only people in peaceful areas can enjoy crypto and bring happiness.

Volume is low there.

https://coin.dance/volume/localbitcoins/ZAR/BTC

It doesn't mean they aren't embracing blockchain technology but as you mention its probable the infrastracture that they need for the development. I'm sure of it that adoption is happening there and we just lack of resources on what's the real deal there right now.

This is related to the economy. They are very backward and cannot realize the next era. Usually only elites accept cryptocurrencies. Ordinary people know nothing about cryptocurrencies. This is related to the impact of the current cryptocurrency. They will buy a lot when Bitcoin is over $50,000.

I think crypto is currently embracing Africa, you know that the lowest economy in the whole world is Africa. I think if investment is very small from Africa, not because they disagree but because the velocity of money in Africa is very small. therefore I have seen many projects that compile Africa as an Economic land, so that the velocity of money there grows big.

Do not compare the standard of living in developed countries of Europe, America and Asia and the standard of living in Africa where more than 90% of the population do not know what the Internet and cryptocurrency.
To Finance such projects from Africa, life in Africa itself needs to change dramatically.

Flash (FLASH) is a little-known cryptocurrency based on Scrypt, with a community in Venezuela and Africa. It uses mining to verify transactions and protect the network, but focuses on transaction speeds that can be performed in seconds. Flash marketing director James Hinton says that in the coming months about 800 outlets in Africa will start accepting FLASH cryptocurrency, which essentially means that they will also accept Bitcoins, Dash, Litecoin and Ethereum.

Sometimes it is just about the general tevh awareness and media reach. So maybe Africans have not got the reach about blockchain technology either by media or social media.

You are so wrong here. Africans have been embracing financial technology long before most other continents it is just that as a continent, the people and economies still have a lot of hurdles to overcome. We talk about adoption but we forget that not everybody on this planet has internet or even smartphones. In Africa, if you don't live in the developed areas, internet is very hard to obtain and that alone means they cannot connect to the network of crypto.

But they are extremely good at financial tech with mobile phones (non smart phones). Lots of people there are using mobile payments, even more than US people! So if some day Bitcoin can just give simple use with normal devices, Africans will be very fast to join.

And who told you that Africa's are not embracing cryptocurrency? Try to make your findings very well before ascertaining

In what apart are you guys embracing it  !! They  Are Embrace buy ,sell and get rich quick ponzi scheme Part but What about Technology behind it ?

I think because a very small percentage of the population of Africa has the Internet and therefore there is no possibility to buy cryptocurrency

The Media are Paid by politician to condemn crypto and blockchain because of their  personal interest .. 99% of local banks in Africa are  own by politicians .. Africa Politician hate Transparency. We all know Blockchain  is there  for Transparency and fairness .

I am an African and I can personally testify that many people has fully embraced Cryptocurrencies here but the fact is that we are mostly consumers and not producers if Cryptocurrencies and that is why you don't see much ICOs out of Africa.

How can you determine if the rest have come from africa? In fact that most of icos are creating nonsense project and if you are seeing the ico that aims to provide the blockchain to the africa and that's only a click bait dude. Africa still lack of manufacture to adopt the blockchain.

Africans and especially Nigerians has been discovered to be among the top 20 countries that use bitcoin so this is a very wrong observations, I guess they just do not believe in ICOs.

As far as I know South Africa is crypto-friendly and most of the ICO nowadays is targeting this country so it means that Africans are adopting crypto and blockchain technology that is why they became the target countries.

I think there is need to create enough awareness in the African countries. Then another thing i see to it, is that, where the system is compromised, such may nit work. Well, i believe they will still embrace it with time.

Obviously people there doesn't even know anything of having an internet, then how would they even use a cryptocurrency? They even sometimes lack to have FIAT.

I think there are plenty of users in Africa, but I don't see most of it as a place of innovation where technology flourishes. They have bigger issues to deal with.

What Are We Waiting for ? Are we still waiting for the future of crypto currency & Blockchain to come before we can start Adopting our own Crypto Currency & blockchain ? We have to move With the future? look at how Asians are taken the lead in Crypto  now ..

The countries of Africa are often developing countries, most of them are still very poor and have no access to technology compared to most other countries.

Most of Africa is not strong in development, and those countries that are able to work with the blockchain are not many!

You know there are Arab countries in North Africa and I think they have some activities too, also I remember I saw a couple of ICO coming from Nigeria or maybe even more, not knowing about something does not make it not exist, so there is definitely some activities there but ya these activities are minimal due to the limitation of technology there and it really needs to be increased.

I believe that the lack of activity in the use of blockchain technology in Africa is an insufficient level of education of the African countries. It will take one or two years and Africa will come closer to Europe and America. Approaching Asia is much longer. Depends on the activity of African governments.

While we see many start up projects pivoting to Africa and building communities, many are still not educated about cryptocurrency there. I personally have an account where about 90% of friends and followers are from Africa (mostly from Kenya and Nigeria), and almost all of them have no idea what I am posting  ;D (I could be wrong in my assumption though).

Where did you get your data (.01) by the way? 

There were developers attempting to create tokens by doing ICO in the past but then I think its been implanted in the brains of regular internet users that an African prince is behind it and is willing to send his funds to someone else bank account. If you think about it no one wants their investment sent to someone else bank account just because they don't have a kin meant to inherit it.

I think Africans also care a lot about crypto and blockchain technology but people in Africa is too poor so they still have to care about other things first instead of crypto or blockchain technology. How will they care about blockchain technology while they even don't have anything to eat or anything to wear?

in Africa there are many other problems that need to be solved and blockchain is not on the agenda of the everyday life.

In Africa the problem is with the people. Just look at all the minerals and resources that they have. Gold, Diamonds, Oil, they should be a wealthy continent but there is too much greed and corruption. Crypto can end corruption, so they won't embrace it

Exactly, blockchain kr whatever it is still out of their mind there's mamy more even important things for the citizens themselves are strugglimg even to live let alome blockchain ghat requires technology knowledge, internet and the computer to be used.

The simple reason for this lies in awareness and lack of technological development in the region. Africa has continued to struggle with modern day innovations and the blockchain technology isn't an exception. Also, the rigid nature of governments in the region has also been a bane to the adoption and utilization of the blockchain technology. This could continue for a long time unless people become aware of the usefulness of the technology prompting more interest and research ultimately leading to usage.

You have a point there, besides what would people do if they can't even stay in their houses safe if there is a war? War could really destroy everything, it is better to stay away on that area or else suffer. Besides, it is not their choice why there is a war in their country. I guess crypto are for peaceful and uncorrupted country.

Is just because their locals isn't fully aware on this and they just ignored this opportunity and focus on the others.
Government participation also is big help but I've never saw any news regarding with their support into crypto. And we take consideration also with their life status in africa which could give a big hindrances to get far from online engagement.

Most of the Africa countries suffering a poverty, there are no good infrastructure that can support the crypto, we need internet and gadget to used crypto, and most of the people's there can't afford it, actually they want to embrace and adopt crypto, it's the situation that makes them unable to do so

Some countries are doing their best though just that Africans are mostly known to wait for the West to come up with regulations concerning new techs before they can also embrace it. I think the colonial era has been redesigned in that way and that's because African leaders don't take the necessary initiatives.

This is only a matter of time. I will come to Africans to embrace the blockchain and cryptocurrencies. At present, because Africa is very backward, only a very small number of people understand cryptocurrencies, so Africa cannot become the center of the world.

Although Africa has a large population, due to the influence of the war, their technology is not advanced, and the gap between the rich and the poor is very large.

I agree with this to an extent. But the world is changing fast and I see development happening soonest in Africa. I have heard how some Africa countries like South Africa, Nigeria as well as Egypt are embracing the Blockchain technology. So with time, this will be widespread across all countries in Africa.

I read comments and I am surprised) right such a backward country made Africa, already scary) all is well with Africa and cryptocurrency you apparently do not know that a lot of mobile payments are being made there and the cryptocurrency is sprouts in very fertile soil, for example: "in 2017 in Nigeria the number of p2p transactions using Bitcoin increased by about 1500% - this is one of the highest rates in the world " (click for more information) (https://news.bitcoin.com/nigeria-experience-spike-bitcoin-adoption/), and you say it does not develop, you are simply not in the topic apparently

I think the statistics about crypto adoption giving concerning Africa might be correct ,however there is room for serious improvement if they realized the great benefits associated with the crypto blockchain technology to their economies

I'm not sure what you're getting at by why africa is not embracing crypto.. rather I'll say africa is not embracing ico scam instead of crypto..   luno.com recently disclosed nigeria which is an african country is their highest daily trade volume

You can check Google trends and search for bitcoin and you will see that top searches are from Africa. They are definitely aware of the blockchain and many projects are heading with banking solutions there.

Why do only a few countries use Blockchain because the country's human resources try to compare it with African countries there, the chances are still very lacking so introducing Crypto can only reach a small part of the community there so Crypto is not so popular Geographically very influential in introducing Crypto in this country.

Because of poverty, cryptocurrency is a new type of market in the financial industry. The financial system in Africa should be very backward, so it is considered numb for the future and investment. The cryptocurrency was originally a product of the IT elite.

I think that the Internet is still not very common in Africa. And it is the Internet that ensures the functioning of cryptocurrencies. There are too many things should be done in Africa yet until its big numbers of people will be involved into crypto.

America does not give permission to make ico, so for ico try to choose the Asia or the surrounding area and usually made by America scam often happens in the middle of the road, if for the future it is already very good if everyone chooses the world of ico and crypto world because it's right profitable right.

Unfortunately they have a very bad economy in the country. Many people do not have enough money even for food, not to mention the study of modern technologies such as the Internet and crypto.

yes you are right, for now africa is still having trouble accessing the internet. so it's very difficult to make it adopt the blockchain. it takes time for africa to be able to use blockchain technology.

Africa and in many areas of activity remains a backward continent. Only a few states can be called developing, but their revenues are based primarily on the extraction of natural resources.
This is beneficial to the Western world. Western countries are doing everything possible so that Africa will continue to remain a little developed region.
I believe that this is the main reason why Africa is so little involved in cryptocurrencies.

You cannot that in general. I am working with many of my friends who are all based on various African countries and I believe they are all strong believers of the future of cryptocurrencies but you are stating completely different thing from my assumptions. I am sure that you are lack of update hence please go for studying what is actually happening in most part of the Africa.

Many African countries are now alone getting their latest mobile network and high speed broadband networking. This could the another reasons why many people whom you met may not aware of cryptocurrencies. At the same time, different continents are having different level of crypto adoption but the good thing is even in Africa it is happening on its own pace.

Most African countries are developing countries where the government pays less attention to building the country and continue in its corrupts practices.
 Blockchain technology requirements are much and some African countries can provide it

probably in Africa they do not use blockchain due to the fact that they do not have access to the Internet, and the technology of blocking cannot exist without the Internet

Maybe your perception is not accurate. There are a lot of challenges in Africa but they are embracing blockchain and crypto. The volume is low because of their economy, but I believe that very soon they will be among the most advanced regions in blockchain practical use.

This is absolutely not correct as there are Africans who believe that Blockchain Technology is the future. Take for instance countries like South Africa, who have been able to developed and built an ATM gallery mainly for the purpose of Bitcoin transactions. This is just the beginning as so many Africa Countries will follow suit sooner than later. Nigeria is also making great moves in the space as there are so many Cryptocurrency enthusiasts over there same as Maurictuis likewise a Host of other countries in Africa.