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The Kenyan Government (to the blondes - Kenya is a country in Africa) is planning to build a blockchain to support digitalization of their services especially the land registry and other ministries.

It must be hard for some countries to see that they are banning crypto and some African ones are opening to adopt for the future lies in the crypto and blockchain technologies

Image the impact if a country's president understand and support Bitcoin and encourage the country's citizens to invest in Bitcoin. The country will be sooooo prosperous in a few years, no shortage of anything and no debt.

Damn that will be a wonderful place to stay. 

Kenya is one of the most corrupt places in Africa, if not the whole Solar system. Bitcoin in Kenya = Blindfolded Money laundering.

Countries that open up their economies to blockchain and crypto will continue to gain. In the US, I've seen Vermont, California, Wyoming, and Florida pass laws to try and attract blockchain technologies.

I think its good that Kenya is opening up their country to it because they play important role in their region, but African countries like South Africa and those up North would be even bigger new.

This is acceptance of change.It is always wise for any government to foresee the future
and take a chance where necessary to leverage on the opportunities.Kenyan government
has shown this commendable feat having seen the future of crypto currencies.It is a very
welcomed development as this shall encourage kenyans to join the league of crypto currency
transactions to maximize profit.

I think they do not need bitcoin, basically it is used for an illegal market, while in Kenya it is so good for him to live, except for raising the economy of the country and the ratings of the president)

Guys living in Africe, I wonder whether crypto really solves the problems. I mean, if you wanna buy something tangible, like some food or clothes, but there're problems, does crypto work?

Is it? Where have you stayed in Kenya to make this conclusion? how many other countries have you visited to come out with such a bold statement about my mother land?
i will just hope you are not sudanese.

Wow! So how is this different from where you are from?
Do you go to your local store to buy food with bitcoin?
In short this was a very ignorant and lame question that does not need an answer.

Kenya has a digitalized government services and everything is now done online so this is a huge advancement to their vision 2030

And Kenya is a country and Africa a continent. Some of the African countries are as rich as any first world in resources

The op is talking about adoption of blockchain tech by the Kenyan govt for digitization of its services and not Bitcoin. They are two different things.

The remaining part of your post is tough to comprehend.

Venezuela has already built and owned its government's crypto currency.
If as a pilot test this works.You may hear that other governments as Iran, lebanon,
libya and other countries may adopt the same project.In Africa, most of the populace
want crypto currency so as to measure up with the rest of the world as their
governments are not willing to develop their infrastructures and many lack employment
and all.Therefore, I see a future where africans accept the digital economic world as to
move forward.The better part is that is is a decentralized technology.

You don't know anything about Africa.
Kenyans store money in their phones using a technology they started there years ago and now being adopted in the first world. read about the M-PESA

Secondly, Everything in kenya is digitized. The government offer all their services online.

thirdly, the Kenyan government give free laptop to kids when they join Grade 1. Unheard of anywhere in the first world.
Please stop your ignorance and educate yourself.

Yes.I think so. I have joined an ICO that offers services in Africa. For some reason, bitcoin is also famous in that part of the world. I don't believe it at first because there are a lot of poor people in Africa and I was thinking they can't afford to invest on ICO's.They proved me wrong. The ICO was successful but until now the payment was not sent yet

I am not really surprised by this move by the Kenyan government. Over the last two decades, Kenya have been at the forefront of industrialization and new technology acceptance and implementation. Most tech now reaching other African countries where first of all tried and tested in Kenya, because they were willing, and as a result, you have more foreign investors starting out there, because of the "ease" to set up and take the risk of something new. I wouldn't surprised if the Rwandan government is next on this. The too are beginning to be early adopters of the tech revolution. 

It a good development to see Kenyan adopting blockchian technology and to the African continent at large despite the fact that some of the acclaimed first world countries are busy banning blockchian technology related activities.

I think African countries compete to see who can have the highest levels of corruption, bribery and wasteful expenditure. Which country in Africa has the most transparent, best run government funds that severe  / support the people and create an environment for business to grow???

I rest my case. Do you trust the corrupt governments or code???

I hope that they will stay. I have joined an ICO who fails in other country and they transferred to Africa where they will have 40 million possible clients. The market is huge - no wonder crypto wants to start a program there. It may take a while for them to develop but when all is well. It will be another big step for the crypto world.  I heard that there are a lot of services online, almost all of them. Crypto will definitely be a HIT.

If you have to pick side, between developed country and developing country, which side will you stay? Which side general population will stay? It's more intriguing when a country like USA banned crypto and Kenya is accepting it. I think on the surface, this might be a good news. I'm sure there will be power play with crypto sooner or later.

I hope this news will be implement in the future, many country also support crypto for their country to support their business.
I really hope Kenya will development crypto soonest and others country will excited develop cryto for their country.
I see many big company development crypto for their business to improve their services.

good for the africans, they have find ways to keep up with the technology and hopefully it will benefit their country and their people.

It sad to see the second class countries appreciating and embracing crypto currency and block chain while the first class countries government are sort of against it. Besides, I also heard that the level of how bitcoin was trade in Zimbabwe also help in pumping the price of bitcoin.

The problem with the first class countries are the corrupt political leader and regulator. However. the Zimbabwean bitcoin price is usually ahead of others but the Zimbabwean did not in any way pump the price of bitcoin.

it is a great opportunity for these countries to put upside down the current global system and find out a new way of being in the global market. Africa have big resources and blockchain can help a lot to tokenize them and empower african economy.

Found another great post...Bitcoin Expert Reveals 4 Reasons Why Africa Will be Home of Next Crypto Boom:
https://www.inverse.com/article/41984-bitcoin-expert-africa-crypto-boom (https://www.inverse.com/article/41984-bitcoin-expert-africa-crypto-boom)

Again Kenya taking a bold and positive step towards cryptocurrencies on the African continent. Not really surprised anymore as they have proven in the past to be the most open-minded African country to with new/upcoming technologies. Now, 4G Capital, a Nairobi-based microfinance and training company, is to become the first such financial institution to issue a tokenised bond using cryptocurrencies.

http://strategiccoin.com/kenyan-microfinance-institution-to-issue-tokenized-bond-using-cryptocurrency/

here is the good news brother. Kenyan President just launched block chain technology taskforce. They are building their blockchain to help run all the government service especially the Land ministry.

1) https://www.nation.co.ke/lifestyle/smartcompany/Blockchain-roots-deepen-Kenya-/1226-4092118-o2i2go/index.html

2) the Minister for information launching the task force team:

- http://bitcoinafrica.io/2018/03/01/kenyablockchain-and-artificial-intelligence-taskforce/

I agree. Crypto will be huge in Africa. The previous bounty that I have joined failed in Europe,they never got listed no matter how hard they tried. A few months after, they decided to start a new journey in Africa. Everything turned the right way because it seems that there's not a lot of competition in Africa. They have a huge market there, around 40 million possible clients. Crypto is there to stay because its profitable.

the lending platforms made it worse for everyone else now but soon the crypto will be back on track

Also try to check on Kenya's Phone money banking system that has been there for a decade or more and never been hacked

Yes I think. There are financing crypto's qho rely heavily on clients from South Africa. Africans wants to invest on those type of services and crypto is a big bonus for them.I think there are ICO's who fail in other countries but they were able to bounce when they focus on South Africa. The market is huge and there only few competitors.

The blondes ? Is that like "nigger" ? Just whities ?

I'm a nigger, he's a nigger, she's a nigger. Wouldn't you like to be a nigger too.. I have heard of that place.

I will tell all you ignorants some big news. Africa is not a country. It's a continent.

I know this news that Cardano offers regulatory oversight and consumer confidentiality, which makes it a flexible and scalable technology. It aims to provide a stable and sustainable ecosystem for users. Developers built a technology based on peer-reviewed academic research. The programming language for crypto currency is written in Haskell, which guarantees accurate mathematical code.

I think that despite the fact that bitcoin technology takes the whole world by storm, entire continents remain in the world, where the spread of crypto currency is moving too slowly to become popular. Most of all, this statement applies to Africa.

François Harris, the founder of Bitcoinzar, an information site for Bitcoin users in South Africa, confirmed a small number of users throughout the African continent. ???

When I show African crypto nerds this project they get wild.
https://bitcointalk.org/index.php?topic=3070336.0
They are 100% ready to skip the fiat money and go 100% crypto. They just need some way to be mobil. The company that solves that get big in Africa.

I don't see anywhere Bitcoin was mentioned by the OP or is Bitcoin the only BLOCKCHAIN? I believe the applications of blockchain technology expands way beyond cryptocurrency and Kenya is one of the more technologically advanced countries in Africa.

I think the reference was in banning crypto and adapting for future remark. Blockchain's implication in governance or even in mundane accounting is pretty huge.
They attempted something like it a while back, read here : How close did they get to Blockchain before it was 'invented'? (https://bitcointalk.org/index.php?topic=3351556.0)

Most African countries are corrupt and this include Kenya. Africa have underlying problem investing on crypto won't solve any damn problem but bread more corruption and high rate of money laundry using decentralized technology, and when they launder money they shade it with been hacked and lacking the necessary security facility. Crypto in Africa will only pose a great danger as you need millions if not billions of local currency just to invest little on bitcoin.. Which will be insecure or not accounted for at the end.

Nice to see that blockchain can greatly affect Africa. I can see that the technology will help overcome its continent’s challenges. We all know that corruption and fraud are always a big problem not just in Africa but also in the whole world. Government and its people should embrace blockchain technology; it will offer new solutions to these past problems that we inherent.  Blockchain is a very captivating technology that will soon change Africa; it is going to be a powerful tech ever created.

Nations that open up their economies to blockchain and crypto will keep on gaining. In the US, I've seen Vermont, California, Wyoming, and Florida pass laws to attempt and draw in blockchain advancements.

I think its great that Kenya is opening up their nation to it since they assume imperative part in their district, however African nations like South Africa.

The Kenyan Government (to the blondes, Kenya is a nation in Africa)is intending to assemble a blockchain to help digitalization of their administrations.

It must be hard for some nation to see that they are prohibiting crypto and some African nations are opening to embracing for what's to come

I figure they don't require bitcoin, essentially, it is utilized for an unlawful market, while in Kenya it is so bravo to live, with the exception of raising the economy of the nation and the evaluations of the president)

You just revised the statement and reply of other members here. You should have at least quoted there reply.

Exactly, Africa needs cryptocurrency because the world banking is not that interested on working in their favor.

Damn, that will be a wonderful place to stay. It a good development to see Kenyan adopting blockchain technology.

I think the Kenyan Govt first concentrate over the overall development of their digital base not just opt for blockchain.

actually i am involved in a big thing i may tell you soon after it is official. This is a game changer if it goes through

Also, have you guys seen this ICO called Eternal trust?
The Eternal Trust program will run through a token system where the ETT will be used to gain access to their services. It will also be used as a means of funding research programs done through the platform. Those projects that become successful in the Eternal Trust program will be allowed to sell their products to the members of Eternal Trust through the ETT.

Future now lays within their hands and only they can make it up, curving the best out of it.

Come on man, do you really believe in that?
No shortage of anything and no debt! All the bankers reading your post are having strokes right now. ;D

Block chain in Africa is similar to internet and mobile phones in Africa. It seems complicated when introducing but later becomes a great too for their development.

Crypto is in Africa to stay despite the Governments of nations within the continent trying to hoodwink their citizens to continue using fiat money basing their facts on the fact that the knowledge of cryptocurrency came through ponzi schemes and since all ponzi schemes crashed that cryptocurrency would all also crash someday. And the fact that crypto is highly volatile also makes people very scared of venturing into digital assets. Despite all these, people that are knowledgeable about crypto and naturally risk takers will definitely continue to invest in and use crypto. 

Zimbabwe’s central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of banning local cryptocurrency trading exchanges.

There is a TV show on CNBC Africa about cryptos : Crypto trader

Crypto Its still under publicized non Africa, how many blockchain meetups take place in Africa? How many crypto confrences? How many startups? Very few. Grossly under-projected.

South Africa which has long been considered one of the pioneers in Africa when it comes to embracing cryptocurrency seems to be adopting a more cautious approach in regards to cryptocurrencies. The Deputy Governor of the South Africa Reserve Bank (SARB), Francois Goepe, has gone on record saying they choose to call these coins crypto-tokens and not currencies.

do you know stellar. I see they focus on Africa. many blockchain meetups on Africa host by stellar team. Africa and Asia.

With the level of poverty in Africa and the way that bitcoin has been a savior to many people on this continent, I don’t think any government who wants to remain in power is going to ban the crypto currency at all. Because with it, poverty is being reduced as well as unemployment.

But people can easily escape taxs with cryptos...

This is awesome information, I never even knew about it. Thanks for sharing.

Its actually open to most countries in Africa and i like this. Giving everyone a unique "internet" currency will benefit those countries.

The biggest issue is the internet connection in Africa

The good thing about cryptocurrency is it is helping a country to move forward and especially in cryptocurrency industry there is no racial discrimination.



If there's a will there's a way.  This never gets old.

it's really nice to see government understand blockchain and even more when they invest in it because they understood that it's the future, now the question is when do the bigger countries are going to understand it as well.

Some countries, Africa included are tired of the western only monopoly and as seeing the new opportunities the blockchain technology can bring, then these countries have the right to act and should act to nurture the technology as it would massively bust their economy - that' s once the infrastructure to support the network would be built

There is a growing interest in cryptocurrency in Africa currently. A survey even says that 38% of the population wished they have invested in cryptocurrency and 71% believe in its profitability. Due to economic crisis, Africans see crypto as a kind of an oasis.

Africa is going to use some of these emerging technologies such as blockchain to solve its challenges. Areas of growing interest where blockchain is important include but not limited to: Agriculture, financial services/inclusion-bitcoin will play a huge role here), aiding SMEs business, supply chain and not forgetting governance and accountability by governments.

i think the 11 member taskforce led by Bitange is doing a great job. more projects from Africa are launching soon and finally we are taking off

This may sound strange to many crypto industry players, because the current blockchain vision to make the movement of millions of micro transactions around the world has proven to be a difficult challenge to achieve. However, the South African startup Wala proves that with a little ingenuity and an effective approach can make cryptocurrency a better payment mechanism than the traditional way that many African citizens currently do.

Not at the moment, I don't think there is any country in Africa that accepts cryptos for stuffs like that and I also believe about post some one made up there about corruption. Am African and I know how much corruption is in most of our governments and if there is any country in Africa that wants to implement full fledged crypto operation and supported by the government, then I most say I smell something bad coming cos that's one way to move money around as we know it now without much trace.

As the economy is slowly declining along with the devaluation of national currencies, East African community wants to change fate by adopting digital currency. The widespread popularity of Bitcoin and other types of digital money has truly made a milestone in Africa.

A really interesting thread, I really enjoyed this documentary on community currencies in Kenya which Bancor are involved with

https://www.youtube.com/watch?v=ojFPrVvpraU&t

I Just hope Crypto is here to stay in Africa that's if the authorities will let it last for a long time without complications at later end.

Yes internet is really a problem in Nigeria addition to power these are the major problems we face today and in every day life.

I had to strike that out because it is a misleading information. That used to be in the past but not anymore, except you are talking of wanting it for free. People paying a token to get certain private services isn't a problem. Anyone can get monthly data in Nigeria for as low as $2 - $3. Is that a problem? I don't think so.

Alot is happening in Africa in regards to crypto and blockchain usage many people cant even agree this site is ran by Africans www.coinweez.com and more so, Kenyans. Alot happening to watch out there!

the development of blockchain technology is too difficult in Africa because the infrastructure development is still low, it is very rare for me to find the success of ICO projects to be developed in Africa, everything is difficult to develop

For sure this a welcomed development to for me CRYPTO coming into Africa, by the way most people in Nigeria have already been into Cryptocurrency right from day one and which have already in terms change the lives of many. I really welcomed this great opportunity.

I think everything is due to time and adoption, if it's been give a trial we never can tell it will turn out a success. Am an African which you see I came to love and know about Cryptocurrency even before it became most popular which in terms I heard it was around the corner but wasn't taken serious to be this large in the future and today many people are into Cryptocurrency.

In most African countries this isn't an issue any more.  We now have internet services but where we have challenges is the cost of the internet service. For example I spend approximately $20 monthly for internet connection which doesn't last for that month and I live in one of the advance country in Africa now imagine what others are passing through 😢

Crypto is light to Africa!! it has also enabled some escape the problems in the region. so crypto will thrive n Africa. all it Needs His  Education