Bitcoin Forum

I think a possibility of crypto would ease the life of many africans, this privelege would give a great benefit for them, not talking about the development


The article: https://www.cio.co.ke/africa-needs-bitcoin-not-charity/

but Africans seem just interested by BTC, few of them use the BTC!

https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

in this article, i see lot of sense in ray youseff words, bitcoin and crypto currency in general have got lots of untapped potentials in the African market. The major setback is the lack of information, lack of stabble power supply. African countries have got free pass laws that favour crypto, but the information is lacking behind.

Kind of strange that there would be such a divergence of opinion concerning the utilization of crypto in Africa verses the need for assistance in developing nations.  Naturally Africans need a stable currency to thrive (after-all a destabilized currency causes hyperinflation and that is the last thing an already fragile economy would want).  Infrastructure in the form of roads and rail together with clean drinking water and energy supply are all needed, but sadly more and more examples are arising where people in remote areas are connecting to the outside world with cheep phones and even cheaper cell phone plans.

It will be interesting how the introduction of Facebook's dedicated crypto currency into the mixture will affect the use or otherwise of both bitcoin and their in-house Libra token.

It really depends to which part you're referring to. If we take North African countries such as Algeria, Morocco, Tunisia, etc. then bitcoin is already being widely used and also definitely needed.

If you are talking about some parts of Africa where people don't even know how to eat, I'm sorry to say, but personally, I wouldn't be interested in hearing about BTC. You should know that these people are not educated, and even though it's easy to say that the price will skyrocket, etc. they simply can't afford the risk and the price's volatility.

Cryptocurrency is not so massive yet, because people just don’t know how to work with it. I think that cryptocurrencies could be a good way to promote young talented developers. That is why people need to be given access to cryptocurrency. So you can invest in the development of the country.

I’m close to the idea that people themselves are able to improve their fictitious status, if given resources. In particular, knowledge of how cryptocurrency and investing in it can help them earn more. This idea is also supported by the platform taklimakan where there are educational materials and you can directly communicate with experienced traders, learn the secrets of trading.

But a crypto currency such as bitcoin's volatility would only add misery to an already suffering nation if the price plumeted such as it did recently before returning to more accepted levels.  A villager isn't going to accept that the bitcoin they ammased has suddenly halved in value in the same way fiat deflates via hyperinflation.  They get rid of bitcoin and will be scared off of it for a long, long time.  Build up the nation first and gradually introduce bitcoin to the masses.

Why do you think Bitcoin can help the poor in Africa have a better life? Wealthy investors hold Bitcoin, so how can the poor in Africa own it? I believe Bitcoin cannot change the lives of people in this country, and only the African government can change it.

Blockchain and cryptocurrency is the factor that helps create balance in the world. If wealthy people can afford shares on the stock market, even young people can afford cryptocurrency. Bitcoin is not just a valuable coin, it is an access to the world of realized people, capable of creating something new.

angola's minimum wage $60 a month (/4/40=$0.375 an hour)
kenya minimum wage $130 a month (/4/40=$0.81 an hour)
nigeria  minimum wage $80 a month (/4/40=$0.50 an hour)
mozambique  minimum wage $50 a month (/4/40=$0.31 an hour)

bitcoins tx fee just to move funds costs ~20minutes to 1 hours minimum wage.
many africans learn about bitcoin. find out it isnt suitable and just use it as a gateway into altcoins which are cheaper and more suitable to transact with.

In many countries, international companies for transactions either have very high rates or have limited services. And therefore, decentralized Bitcoin allows you to make transactions with less loss on commissions and restrictions. For many countries, even those that do not have sanctions cryptocurrency can be very useful.

Can a person achieve financial freedom? Yes, if he has access to cryptocurrencies. Due to the fact that they are decentralized and confidential, they are accessible to any place in the world. What is especially convenient when you need to perform a transaction from abroad

The same thing will happen in the western world when the price of bitcoin goes about a certain level.  Probably $100,000 (a million?) Hard to say really, but with only 21 million bitcoins the likelihood of everyone owning bitcoins will get further and further beyond the reach of most people.  Altcoins will have their place alongside bitcoin which will act as a clearing house for larger size transactions which is why in Africa bitcoins adoption is unlikely to occure anytime soon.

Very wrong thinking  well.. bitcoin is a digital assets in form of currency.. its not a charity.. people are thinking  in very wrong way..in Africa people  are using bitcoin for invest their money..

Bitcoin and charity are two different thing.  I just wish bitcoin should be well known in Africa like other countries so as to open Africans eyes that bitcoin is one of the best way to invest their money.

Give me 50 BTC and atleast 60% of Africa will own BTC in a timespan of 1 Year. Not to mention other Countries ;)

Wow grear post.. also informative.. yeah i knw people of africa are using bitcoin..

Sure bitcoin helps a lot of people. But I don't think it will solve the problem in Africa. Because money is not the only problem in Africa since most of them do not even have access to food and the internet. They still live in a world that is not advanced enough for them to have Bitcoin.

I don't agree with this. It's more like the lack of interest to learn. Pretty sure, a lot of Africans have access to facebook and other social media where they can learn more about Bitcoin.

But then again, we see a lot of airdrop and bounty hunters from Africa.

by gateway i dont mean clearing house. i mean learning experience. buzzwords, definitions. .. they will use bitcoin as a gateway to learning not a gateway payment

bitcoin wont be a clearing house for altcoins. people will just altcoin to fiat direct without btc as middleman.
do you really think people will use bitcoin as a 'clearing house' if it costs $20 a tx... when they could just fiat to altcoin for pennies without involving bitcoin.

this is where the bitcoin core devs should have stuck to coding a fee formula,rather that pretending they re expert economists and taking out fee mechanisms to introduce a fee war

think about it. if you have a bunch of nickles and dimes in a bag and you want to swap it for a bank note. would you bother swapping the small denomination coins for gold and then swap again to bank notes.

Yeah it totally depends on which parts of africa they are saying.. this is very important  to know that..

I travel in Africa a lot for my work and I can tell you that M-Pesa is doing very well there and the people saying that the lack of education will be a stumbling block, would change their mind when they see the younger generation paying with M-Pesa for items in a small Spaza shop.

The problem with M-Pesa is the centralized control and reliance on the cellular companies to facilitate these transactions.  ::) They need someone to develop hardware that makes BTC micro payment without the need of mobile networks and it should be very cheap to buy and to do tx's on these devices.  :P

in some, yes, but all? no, Poor parts of Africa needs a Government that would;d make a difference for it's people. It is great that in the article they talk about educating people about bitcoin through "campus tours" where they teach basic knowledge of bitcoin such as buying, trading, exchanging etc... but they should also know that not everyone where they do these "campus tours" are educated(I.e. read, write) they can teach all these stuff about bitcoin but it will only benefit those who has an education and can understand the basics of bitcoin.

yes but i think they need too more development about them because most of them are not like the other that can afford or can eat regularly..but im sure that if bitcoin will grow on them, it will give them a help.

I am an African, I learnt about bitcoin without any single help from anyone, all the persons I meant online all hoarded information from me. Currently, only few persons actually know about bitcoin in my area, I have taught hundreds of persons how  bitcoin work via a Whatsaap groups, and I keep offering free services even though I currently can't burst of any bitcoin in my wallet because I had use my fund for marriage last year. This not withstanding has not stop me from offering free lectures, I want people to understand that there is a better life outside what the fraudulent banking system offers.

I currently sell bible and motivation books, but have not been getting patronage due to lack of funds to stock goods, so at my office, I invite people to learn how bitcoin work for free, with time, I will start holding free seminars when I make some money enough to host such events. I have saved a lot of persons from buying scam coins in my country and keep doing that. Africa don't need charity fund but quality education and sound leadership. We have more than enough natural  resources but a major part is wasting and the rest are been embezzled by bad governance.

I know about Africa where many people experience social inequality. And yes I know that bitcoin can handle it, but here the problem is the development of technology there. In Africa there are so many people who are not familiar with technology, even the average purchase of internet services is considered very expensive, then what about getting to know bitcoin.
The African government did legalize crypto but unfortunately the government did not develop well.

Africa needs help, and this help my take a very different forms. I believe it's not good idea to point only one solution. It might end like in Venezuela case

Bitcoin is needed not only in Africa,but the whole planet.It is difficult for me to comment on the situation with bitcoin in Africa because I do not have information about what is happening there.Judging by the latest news that are associated with the creation of their own cryptocurrency from the social network Facebook,Africans for the widespread use of cryptocurrencies will need only one smartphone.

The influence bitcoin has brought in term of offering a source of income is bigger than the influence most African countries governments have on the economy. E.g. In some country like Nigeria, 7 out of 10 Graduates are unemployed but cryptocurrency has given many people opportunities to earn little savings by taking menial online Jobs and mini importation business. But despite the influence, The central bank has been warning people to keep away from crypto. terming it as ponzi scheme.

to use bitcoin there needs to be a decent structure in place first before people can adopt it and use it. for starters you need a good internet connection, you also need people to have computers, smartphones ,... to be able to send and receive payments.
in most parts of Africa like many other underdeveloped countries this structure is not in place. so even when those people get into bitcoin they get into it as an investment which is not helping anyone.
not to mention that bitcoin is just a tool it is not meant to fix all the problems of the world

Please don't misunderstand the intial purpose of bitcoin's creation. It was created to give back power to the massive, it was created so you can have control over your funds by not entrusting the service of 3rd party systems [e.g banks, credit card service providers, Facebook coin aka Libra etc] when carryout a transaction or storing your funds.

Bitcoin purpose isn't meant for charity or helping the poor get rich as many individuals have presume it to be. It's a payment system and it should be seen that way. Any other bonuses that comes from holding bitcoin like price gain etc shouldn't overshadow bitcoin's Initial purpose of creation.

I didn't bother reading the redirected link as I hate getting redirected out of the forum so I don't get what OP means by choosing this title but I assume he meant charity isn't helping Africa (true) but bitcoin will i.e in the aspect of giving them financial freedom. Well if you mean financial freedom in regards to having control over you wealth, I do agree but if you mean bitcoin will give Africans wealth (I disagree) as Initially Africa have the resources to be the wealthiest continent but lack the knowledge/resources to control the wealth therefore they're getting bullied by those who have the knowledge, same thing will happen with bitcoin unless they get educated on the technology itself.
 
Also it's the financial system of the world in general that needs bitcoin and not just Africans as many assume.

I do believe bitcoin will be the best choice for Africa as a charity will barely reach the good hands. as we know poor countries are much more affected by the dark side of the world as doing bad stuff or trading illegal goods are one of the selfish act they try to do which is completely natural. but it is possible that bitcoin will also be used for bad instead of good as if bitcoin is used to smuggling or anything like those they will become undetectable.

how would it help alleviate financial problems in Africa when most of them really don't understand it. Don't get me wrong but many African countries are already labelling cryptocurrencies as scams so how on earth would it help them. You tell me.

Yes they labelled cryptocurrency as scam becasue they never understand the terms been use in cryptocurrency. Education is the problem of the Africans and when they overcome illiteracy then they can believe the world of cryptocurrency and move toward it adoption. Also, remember that in Africa, we have population that the world need and also, the world of cryptocurrency.

All the big gamblers/HYIP, Las Vegas are in USA. Africa is famous for its wildlife which is multi-billion dollars business/year.

to be more exact the minimum wage in my country (Mozambique) is $70

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OP, as some people have already said, Africa is very poor and most people will prefer to buy food than buy bitcoin.

I will give you an example of my country, in my country there is a group of very rich people, these people can buy many bitcoins, but 80% of the population of my country will not have  $100 to buy bitcoin, because $100 is money for them to live for 30 days, and that $100 is not enough to feed a family for 30 days.

My father was high-ranking military (my father was a general) and my mother is business woman.

But I see how corruption is destroying and increasing the poverty of my country and of Africa.

What Africa needs is end corruption and dictatorship.

In Africa, most entrepreneurs do not have access to formal banks and venture capital in the first place. They often lack access to financial markets and financial instruments such as savings, credit and insurance, which would enable them to engage in economic activity and help their countries achieve sustainable financial growth. Good thing is that they have an access to mobile phone. This will increase financial access to those who would otherwise be completely excluded from the traditional banking system – for example, those working in the informal sector, in villages, or who have too little capital to make formal banking a feasible option.

On the topic of lacking the capital to start enterprises, there are some foundations/companies which are offering "microloans" for small businesses in the developing world. While it might be difficult for them to access financial institutions, there's got to at least be one enterprising citizen within the African continent who will try to expend those services to the more rural portions of their country as well.

While I don't know what the level of communication infrastructure is in Africa, I feel that Bitcoin would be offering a unique solution for entrepreneurs who want to develop their country's financial infrastructure. While security is always a concern, the lack of a tangible good (cash) helps to move in secrecy and improves personal security. Credit and savings operations could be maintained by the same individuals who run the Bitcoin "banks", and as long as they don't commit the same sins of fractional reserve banking everyone can prosper. It might be a very slow "industrialization" of Africa, but I'm sure that more advanced infrastructure can slowly be developed and branch from the existing major cities.

If you are interested in the concept of microloans, the one website which I have found to be pretty good is kiva .org. It might be worth looking into it as a means of supporting the developing world and getting a small return in the same beat. It's better than Bitcoin loans in terms of repayment (assuming the ~97% repayment statement is factual), at least.

Yeah bitcoin could save the underdeveloped countries in Africa but the problem lies in the infrastructure, in the very poor region some of them are illiterate and doesn't got any access to Internet, so they can't rely on bitcoin to save their life, but I agree that charity is not the solution, they need something that they can rely on for long term

they need paid jobs since many corporations still explore slavery in the continent

First of all the living atmosphere need to be improved, without connectivity how it is possible for them to make use of the bitcoin. As one of the user mentioned people need to be availed with paid jobs, even Africa has got people who are technically knowledged. Due to the situation prevailing around them they cannot keep themselves focused on next level of growth when they aren't able to get their daily food. For now charity is a must which provides with food and shelter and further is development through other posso ways.

Isn't africa need infrastructure first?
How BTC could help with those africa people?

Everything here depends on the country. The African continent is huge. Tunisia lives pretty well thanks to their tourists, and there are many rich people in South Africa. They certainly own BTC. Poor countries there need charity and not crypto (now at least).

It probably needs both.. And less Mercury etc.. :S :S

It's another task what you think and another one what kind of arguments you have and it's sad but I see zero argument here. How can bitcoin change Africa in a better way? If it can change Africa, then it means this coin has possibility to improve our life but no, the only thing that can change Africa and different countries is education, yeah, in undeveloped or in some developing countries, there is a lack of education. Who created bitcoin? Educated man or group so you know answer.

So the thing is most people in Africa are struggling to be able to provide food and homes, let alone to have internet access, and let alone knowing about bitcoin and how to use it, the situation of most people there are bad and people here talk about they need bitcoin and not charity, they are really unaware of what people need and they are downsizing the situation, i get it maybe the minority and the educated people of the country would use bitcoin to provide thing for the poor majority, but for that to happen they would need to put in more investment and money than they would by building a school and teach kids so they grow up and fix the the situation in the country.

African countries are not fully prepared with new technologies such as crypto. I cannot say that Africa does not need crypto, but I only see that in most African countries it cannot fully become a country that accepts crypto, especially btc.

Not well educated and the technology isn't available in their areas. Somehow I understand why bitcoin is really hard to adopt. There are certain areas wherein the development of technology and educations is low. Internet access is hardly to reach and is unavailable. For some, they do not even know how internet works. Though I am still hopeful that btc will be the solution for Africa's economic problem.

OnChain scaling BitCoin solves the issue.

In my opinion, bitcoin is indeed proven to change the economic situation for the better. I am sure that if later Africa cooperates and gives legal status to Bitcoin, Africa can easily experience an increase in economic conditions. If bitcoin can be accepted and used in Africa with clear permission, it is easier for bitcoin to implement all its convenience programs. This will make Africa more advanced and can compete with other countries in the world.

How can Bitcoin help Africa?  Why everyone thinks this way and I don’t know exactly what the way out is needed.  In order to equip a farm for mining, we need very large contributions, because there will be problems with cooling, Although it is possible to build good solar power plants.  But this is not a panacea.

sometimes internet access is a barrier to technology entering a country, as in Africa there are many stories if the country is still having difficulty accessing the internet. in fact africa requires bitcoin but if all the infrastructure has been fulfilled I think bitcoin can enter Africa very well.

in this day we still can see alot africans dont know what is technology and how to use it. and now some one thinking africa need bitcoin ?? come one bro...

This is a matter of taking the horse to where to drink and leaving it to decide to drink or not. Crypto is available for all people that is interested.

The adoption rate is slower in countries that are not technologically developed, that is the thing happening

First of all, we need to talk about the level of education of African people.  And even then it will be possible to talk about high technologies on this Continent.  most people in African countries have and don’t even know how to use touchscreen smartphones, but they have never heard of cryptocurrency at all.  Of course, this does not apply to all Africans.

I think it's not just Africa but most of the countries.

We have seen Bitcoin helping out people to get enough money to run against the oppressive government.

We have also seen it providing jobs for the people online who actually doesn't have any more scope of doing something that might give them enough money .

It is providing online jobs plus making public more tech savvy .

It can actually improve the education system in a way , since people would want to invest in it they will know more about technology and this could help them getting more into technology.

I also believe that bitcoin would help them cope with poverty. Unfortunately, many countries see only the negative side of it and dont want to see its prospects and its usefulness. That's the whole problem.

The government is very often quite stupid or simply does not want to take care of its citizens. They do not understand that bitcoin can be a salvation for many and this chance should be used.

 :o

this is wrong, not most people, is a small group of people, the problem that has in Africa is the broadband internet is not accessible to many people because the price is very expensive, people have their internet on cell phones, which is why most Africans enter facebook, whatsapp and instagram and other social networks.


the banks demand guarantees, if you do not go to pawn something the bank will not give you loan

I'm sure they do understand how powerful Bitcoin is, but specifically for that reason don't want people to adopt it. In most African countries the government is suppressing its citizens by keeping them poor and illiterate.

The less financial means and freedom they have, the easier it is for the government to exersize control over them. It's that simple. If the leaders there ever wanted their citizens to prosper, we would have seen it happen decades ago.

I'm glad to see that Bitcoin is gaining more traction in local markets. It's about time for people there to start taking the needed measures to stop being a slave of their government.

Waiting for governments to change is an utter waste of time.

Charity for africa is the most important, because new world order destroied the africa completely, very bad right now africa..

In fact there are some Africans that have produced some ICO when, I was one of their marketing personnel and too bad they did not even make it to what we expected. They have funds and I don't know where did that came from. Maybe they were just rich people who wants to create more richest in terms of making their own coin project. Africans are somewhat open to this kind of revolution, in terms of currency and the sorts of.

Open minded people who will learned deeper about this industry will be attached and more interested on how to bring more success inside this market, africans also have the same chances as this industry is open for those who have a good access online, maybe some part won't be able to ride with this
emerging system but from those where innovations also taking place it's very possible to work this out.

Africa needs Bitcoins? Yes
Right now? Not really.
Africa has mostly developing or underdeveloped nations.
I have many African friends who use btc as a source of investments but the basic requirements in Africa is not BTC right now. In Africa, internet is quite expensive and not every household is equipped by encrypted smartphones because they have either a collapsed or very low economy.
First thing to do in Africa is providing the people a structural framework and environment where they can actually access and use Bitcoins, providing them the fundamental things first.

Yeah, it's easy to say they need Bitcoin but you should consider there means to access the latest technology specially in cryptocurrency. Most of the people in Africa are natives that has limited to none in terms of accessing in the internet so it would be hard for them to learn how cryptocurrency and Bitcoin works.

Most of the African governments are highly corrupt and it is not very unusual to find countries where more than 90% of the tax revenue vanishes in to the black hole every year. For setting up a business, or for getting a certificate from the government, you need to pay a bribe. Bribing has become a part of the life in many countries. And unfortunately, Bitcoin is not a solution to this.

indeed mate as bitcoin and also legitimate altcoins can help every community in their economy and brings another area of profiteering to that said country,africa is a large continent that need a back up support to grow economically with prosperity .i believe that if the whole african countries turns positive into crypto that chance of growth will be on our side as crypto community

I second OmegaStarScream. I am from Africa, from  Mozambique to be exact, and, althought, I have some knowlege about BTC because I have access to internet, international news and all, I know that many places in my country have still no internet access, or worst, they dont have access to clean water nor electricity. In their shoes, I wouldnt care about not knowing about BTC, because it is something that  they wouldnt even think before have sanitary and hygiene needs cleared first.

Centbee ?

As long as the government is still busy dealing with things such as corruption and civil war in the country, I think these two things will be in vain. Even the infrastructure needed for them is still less than expected. Africa needs something that builds the country, schools and also decisive acts of conflict that often occur there.
Infrastructure like agriculture I think is a vital thing needed to support Africa.

Im sure it will go for nothing if bitcoin distributed to them.

Of course it is very difficult if the country does not have access to their citizens using bitcoin, and again with the existence of civil war in their country which makes it difficult for African countries to grow, maybe there should be countries that can help their economic growth, in order to improve the existing government system at this time, because of the many tragedies of the civil war that took place there made their economies worse off and again access to using bicoin was very difficult, so that's why the African country has lagged far behind other countries ...

This would simply imply the saying "You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime". It is better to see it this way but they need some assistance at first to make it possible. I believe all countries needs cryptocurrency especially to those third world but it would need some assistance to the neighboring countries to properly initiate it.

Charities and Bitcoin don't contradict each other, so I don't get how can anyone say that Africa needs Bitcoin instead of them. Charities have already saved millions of people through vaccinations, accessible medications, water and food supplies, they helped with education, infrastructure and other important spheres.

Meanwhile the benefits of Bitcoin for economy remain theoretical, and Bitcoin itself is still experimental (it's not just my words. check out bitcoin.org) - it's impact on nations can't even be compared with charities. So, in reality, Africa needs both, and Africa needs many more things, like civil society, foreign investments, democratic institutions and so on.

Didn't even click the link. I'm all for Bitcoin, and that goes without saying for the majority of people on this forum but really, as Omega and others point out, Bitcoin is very low on the priority for most Africans outside the most developed areas.

Looking at some of the most basic human development indicators... health, education especially come to mind. What's the use of Bitcoin when large swathes of people still can't read, still can't find clean drinking water? Still can't even sleep without worrying about their safety? How's money going to help ease those pains?

I really think a lot of people in crypto still refuse to think outside of the first world.

The question is whether the African countries want to change to improve the country's economy, of course this must be questioned. because the conflict country is very difficult to reduce and the amount of corruption that makes the African countries left behind by other countries, and lack of access makes their people only focus on civil war and the ease of illegal weapons can enter the country, of course there must be a change in the government system they manage so far, if the system of government is not changed then it is very difficult for the people to use bitcoin to help the economy of their people ...

Africa is one country that is left behind and there are still many shortcomings that must be developed, especially in the very weak mindset of education, internet facilities and technological tools that must be used and many others to be able to use bitcoin.
for now charity is the best choice to facilitate and provide it for daily needs and other needs that are very useful for them.

Africa were dominated by poor countries even maybe some of citizen at there does not understand how to use PC or internet which is these two are important to access and use bitcoin so overall the facilities to involved to crypto world still less and i think these are the main factor why most of african still not too understand what is cryptocurrencies however might be the charity to build internet infrastructure would be so helpful because people at there can use internet and learn about crypto technologies

What africa needs is strong national development not bitcoin

In addition to the fact that some Africans labelled bitcoin as a scam is that having experienced the fraud perpetuated by the moribund MMM ponzi scheme that resulted to many of them losing a lot of money to that fraudulent schemes hence some of them had become caution on any thing that is  online thus it requires a lot of efforts and public enlightenment to remove such a negative perceptions about bitcoin and bring some trust, however with time more Africans will see why bitcoin is a better alternative to the so called centralized system of banking.

They should not jump into that process because they need education first,almost 60% of their teens aging 15-17 years old are out of school meaning they should focus on the things that make their people knowledgeable before they enter this industry. Molding peoples knowledge is more important than teaching them this industry without gaining basic education because they will be able to learn it once they are educated enough.

Africa is a country that doesn't want technology but do want development. Ironic right? Yes. They are not knowledgeable when it comes in technology especially in cryptocurrency. I do believe in just a matter of time they will adopt crypto and it can be the answer to their problem. Not sure but there is a big chance.
I just hope they will accept and understand cryptocurrency and what it can do to help them in the future  :)
There's always hope in cryptocurrency.

Oh really? So as per your opinion, how they are going to achieve this development without new and innovative technologies such as Bitcoin? The problem with Africa is that although they are blessed with huge amounts of natural resources, they never get the benefits from it. They export these raw materials to developed nations and then import the expensive finished goods by spending whatever Forex reserves they have. And that is the problem when they don't want to adopt new technology.

This has been proven mate,like Venezuela who depend their country’s economy to cryptocurrency.i believe that Africa which having very difficult living as of now will benefits big if they will embrace the technology behind this virtual currencies most specially bitcoin that has been here more than 10years today and brings fortune to many people (though misfortune to others as well)

Its sounds like don't give them a fish but teach them how to fish but this will depend upon their government on how they will expose their people to Crypto currency which is majority of their people are belong to the poor level with mostly are poor in enducation too. Education is vital on how Bitcoin will work so hopefully their government will find ways to orient their people regarding Bitcoin existence.

The rate of unemployed youths in Africa is one of the biggest challenge facing Africa countries. The youths are leaders of tomorrow but still yet the old men are still ruling them. What Africa needs is not only bitcoin but coup that will wipe out those bad leaders blocking their breakthrough out of poverty

both are equally needed
because not everyone in africa knows bitcoin and there are still many who have not been educated, it is also difficult in permission and who wants to accommodate the bitcoin to be shared whether it is trusted or not, different from charity that has permission and many places and if it is thought better charity rather than bitcoin seen from the amount and price, for example bitcoin whose random random rise and fall
whereas many charities can be in the form of money can also be in the form of objects and benefits can be used by all people in Africa

A political change is a must, because in recent days people were controlled by them. Earlier the people's revolution that takes place often kept the politicians under fear and that led to change. Now there is no such revolution and if something is initiated within hours the people associated with the same will be behind the bars.

If I'm not wrong Africa is the wealthiest continent with the availability of rare metals like gold. Later little by little got evaded and the corrupt politicians almost sold the country for corporates which is the reason for bad economic development. Bitcoin doesn't gonna change anything, first of all education must be given to everyone for change.

i still think that charity is way more better than bitcoin or any other cryptos because charities are handed out imediatley , it could be food packs , money , clothing , medicine , etc but bitcoin ? i think its too complicated for a common man to use  it  .

 they cant easily used btc if you handed them out and its a complete hassel because they still need to find a working btc atm or a local exchanger just to trade it for fiats before they can use them locally since not all shops accept it expecially on an isolated country like africa .  

I can agree that is always better to teach people how to catch a fish instead of just giving them one. That applies for Bitcoin too so teaching people about Bitcoin and how to use it might help people of Africa.
Still not all will be successful and not all can have access to Bitcoin and therefore charity is unfortunately still something we can't avoid.

I don't know for sure that crypto can fight corruption or not but I still know it can become a tool to limit the management and movement of large amounts of black mone, Africa's society will probably be more chaotic since that moment, the moment that crypto is disseminated and applied legally. And with some negative scenarios, bitcoin is not something Africa needs, what Africa needs is a charity, even some plans to improve the social and government apparatus, this change will last but it will certainly change Africa when the source of the disease is here

I think when satoshi was developing the blockchain technology, he should have targeted Africa as the main place where the solution of blockchain will be used because you are right, in Africa, they need both the blockchain technology and the cryptocurrency itself to be applied to their governmental system if they really want corruption to seize, that is the only continent that is more rate number 1 in corruption, especially their largest country called Nigeria.

With blockchain technology, they will be able to get their voting system right, and it will help them to be very transparent in their system of government, while cryptocurrency will help their economy, at least is limited and they cannot be printing it anyhow because cryptocurrency I not being controlled by them, and this printing of their unlimited money is one of the root of their problem.

The advantage with Bitcoin is that you just need a smartphone and internet connection to transfer money. And this can be a big boon in many parts of Africa, where banks are located tens of km away from the villages. I personally know one incident of an African immigrant living in Singapore. He pays around 15% of the amount as fee to Western Union / Moneygram to send remittances to his home village. And his father needs to travel 40 km to the nearest city, in order to receive that money from the WU branch. Bitcoin can make a lot of difference for people like him.

The only thing that bothers me is the level of corruption and bureaucracy that exists in African nations. Almost all the nations there are yet to legalize Bitcoin, either as an investment asset or as a currency. Some local exchanges operate in countries such as Kenya and South Africa, but they are still operating in the grey zone and there is no guarantee that the authorities will tolerate them in the long term.

Basically Bitcoin can fight corruption that's why you have it as a decentralized cryptocurrency and not centralized one like our fiats which the government have been using to steal from the gullible. If only Africans will adopt the technology there will no room for transparency as we have seen in the past. Its time to hold our leaders accountable and this can be done with the use of cryptocurrency which uses Blockchain technology, with this be rest assure that, corruption will be a thing of the past but is not, Africans will continue to into perpetual  slave  ground for inhabitants.

You have a.point there, there should be a political metamorphosis in the Africans politics, with this will can say that Africans are ready for the challenge of involving themselves into the digital world. We have been slave in our own country and with Bitcoin been accepted the freedom will be sure but will these old illiterate allow us the youth to take the bull by the Horn? They have already been saying that Bitcoin is a ponzi scheme, what a shame to our political leaders.

In regions where bank infrastructure is very week or non existence , that includes debit and credit card payment links, crypto could be a huge boost to the economy. But there is a huge obstacle, those regions also have a bad internet coverage and people do not own smartphones.

In recent times in my country Ghana, the governement has started what it claims to be the cleanup of financial sector which has made a lot of banks to be closed because they claim they were insolvent and has lead to the major job losses and because of that, the customers of the supposed banks have had all their savings gone in an instant.

Why do people here speak about Africa? It is the continent, and in some African countries, Bitcoin is widely used, whereas the other ones are so poor that their people do not have even water and electricity. The cryptocurrency will never come to them until the life level is changed. I doubt very much that it will happen in the nearest 50 years. Some guys from these countries (including their government) do not even think about global changes.

Yeah the main obstacle of all of that is the factor of poor technological resources. there is no internet network in most of the african countries. banks can grow because people don't need the internet to save money, but bitcoin needs a lot of resources that are not owned by many people there

Both charity and bitcoin are highly recommended in my opinion. Since Africa deserves being given a charity as basic needs on daily usage, we might also consider to teach them and give them awareness on how bitcoin works so that they be able to use it on daily basis as well.

As for me in very poor areas of Africa, crypto cannot be successfully applied. Charity, in turn, provides support for the poor and needy Africans. Perhaps you mean to do charity based on the blockchain?

Bitcoin is a digital asset, which normally go online peer to peer decentralized currency. Hence it we required an educated person to operate in bitcoin here in the Africa, which, many country has know BTC, while few African country don't know bitcoin.

Africa was being given charity for decades and they are still in need. They are going to be in need no matter how much money you throw their way. They need to be ruled by smart people who will know how to make money of the land and industrialize the area.

Teach them how to fish instead of giving them the fish.

A global problem cant be solved out easily specially poverty.The point you had mentioned is totally need where government would be the main
factor that should be changed up for this country to progress.

Its impossible for this country not to have resources to be utilized for making out money or do give out jobs but well the sad reality on the current situation
of Africa is on its government itself.

Africa needs to start developing infrastracture by itself not via help from other world

dont under estimate them , africa is now a fruitful country  . people have been educated and given some resources that they can be used to improve thier living  .  this why they dont need a charity because people on this country are not totally injured or have been devasted by strong calamities  . giving them a bitcoin or teaching them stuffs related to bitcoin can go along way than giving them instant relief such as fiat or foods  .

Lol, I guess you don’t know Africa too well or you have never even visited any part of Africa that much, Google it yourself, you will see the high rate of internet usage in Nigeria, and if they all know and keen about technology also, you will know that crypto is nothing to them. Look at the smart phones that we use.

Aside the apple that the Americans are all crazy about, Africans are the ones that uses these smart phones more, and reason for holding these sophisticated smart phones is mainly to be able to browse the internet well through it and see some technologies through some software’s that is need to be downloaded through the internet,. Don’t under rate Africa when it comes to cryptocurrency because the acceptance there also is becoming high.

I am from African and I think we really need crypto especially in some country like Nigeria. The standard of living in Africa is low. There are so many people living in abject poverty. Crypto can provide opportunities for living for people and also create a lot of jobs. Although for now, many people in Africa only using crypto for pyramid schemes which government has fumed about. Hopefully we shall see more adoption and real usage scenario like paying for local good and services using Crypto