Does Africa need a single digital currency to prosper.
1) Transaction is instant. This eliminates cash flow issues for small traders in Africa. Transaction cost is minute, with no monthly bank fees. All transactions are visible for everyone to see on the Blockchain. No confusion about whether the payment was made or not.
2) By managing your own finances makes you understand money better. Once you understand the money you become more business savvy. Once you are business savvy your chances of getting out of poverty will increase. [.
3) The need to understand technology is eliminated since the whole operation is done inside the wallet. Makes it easy for a rural farmer with very little technical knowledge can still manage his own money properly.
4) The ability to trade internationally will open up a huge market for small businesses in Africa. Imagine the size of the market for a small trader selling local artefacts to 8 Billion potential customers.
5) Every African with a mobile phone can buy and sell products internationally instantly.
On top of that these projects think Africa needs a single digital currency.
If you think Africa needs a single digital currency support these projects.
Show Posts
