Bitcoin Forum
September 19, 2019, 07:56:30 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2016-11-12] Major Bitcoin Exchanges are Targeting Africa as Next Big Market  (Read 268 times)
PHPSELLER
Sr. Member
****
Offline Offline

Activity: 325
Merit: 251



View Profile
November 12, 2016, 04:11:48 PM
 #1

BitPesa’s efforts to introduce Bitcoin to largely underbanked populations in several African countries have paved a path for other Bitcoin startups and platforms.

An increasing number of Bitcoin exchanges are beginning to expand their services to the African market, hoping to provide higher liquidity and favorable conversion rates.

African payment, remittance and financial markets are largely dominated by local remittance outlets, banks and mobile networks. Safaricom’s mobile phone-based remittance and microfinancing network in particular has a staggering 86 percent share of the Kenyan market, completely eliminating banks, financial institutions and other money transfer companies from its market.

Read More: https://cointelegraph.com/news/major-bitcoin-exchanges-are-targeting-africa-as-next-big-market

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1568922990
Hero Member
*
Offline Offline

Posts: 1568922990

View Profile Personal Message (Offline)

Ignore
1568922990
Reply with quote  #2

1568922990
Report to moderator
1568922990
Hero Member
*
Offline Offline

Posts: 1568922990

View Profile Personal Message (Offline)

Ignore
1568922990
Reply with quote  #2

1568922990
Report to moderator
1568922990
Hero Member
*
Offline Offline

Posts: 1568922990

View Profile Personal Message (Offline)

Ignore
1568922990
Reply with quote  #2

1568922990
Report to moderator
Kprawn
Legendary
*
Offline Offline

Activity: 1750
Merit: 1058


View Profile
November 12, 2016, 06:17:23 PM
 #2

Well if you look at how successful M-Pesa was in Africa, then you should naturally want to expand your services to a geographical area where

people are already familiar with a concept of digital money on mobile phones. They should concentrate on marketing the negative side of these

technologies. For example : Centralized services - M-Pesa is very dependent on the local mobile service providers for it to function. If

their governments shut down these services, their funds will be gone. Bitcoin rely on a decentralized Blockchain, that cannot be shut down by

their local governments.  Wink

freebitcoin.TO WIN A  LAMBORGHINI!..

.
                                ▄▄▄▄▄▄▄▄▄▄███████████▄▄▄▄▄
                    ▄▄▄▄▄██████████████████████████████████▄▄▄▄
                    ▀██████████████████████████████████████████████▄▄▄
                    ▄▄████▄█████▄████████████████████████████▄█████▄████▄▄
                    ▀████████▀▀▀████████████████████████████████▀▀▀██████████▄
                      ▀▀▀████▄▄▄███████████████████████████████▄▄▄██████████
                           ▀█████▀  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀  ▀█████▀▀▀▀▀▀▀▀▀▀
                   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
1Referee
Legendary
*
Offline Offline

Activity: 2002
Merit: 1347

Segwit please.


View Profile
November 13, 2016, 09:36:48 AM
 #3

Bitcoin rely on a decentralized Blockchain, that cannot be shut down by their local governments.  Wink

Governments can't indeed do anything to stop Bitcoin. However, if they so wish, they can force mobile network providers, ISPs, and all other related companies, to cut all ties with Bitcoin and any activity that comes even close to it. On top of that, they can force through all kinds of outrageous policies and punishments for companies not abiding their law. It may sound as an extreme situation, but the majority (if not all) of the countries in the continent of Africa are severely suffering from corruption. So in that regard, it's perhaps a realistic scenario if Bitcoin grows too large in these countries.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!