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Author Topic: [2016-10-20]What Stands in the Way of Bitcoin Mass Adoption in Africa  (Read 258 times)
WishICanTurnBackTime (OP)
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October 20, 2016, 10:44:16 AM

What Stands in the Way of Bitcoin Mass Adoption in Africa

Potentially, Africa’s huge unbanked population combined with the burdensome process of opening and operating a bank account should make Bitcoin an instant hit.
However, its adoption has been irritatingly slow even though the basic infrastructure is not missing. It is estimated that by the end of this decade that 80 percent of the continent’s more than 1.2 bln population would be using Smartphones.
Then what hinders Bitcoin penetration in Africa? Cointelegraph spoke about it with experts in the cryptocurrency community on the so-called dark continent.

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