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Question: Can Africa truly embrace Bitcoin  (Voting closed: April 27, 2017, 02:37:42 PM)
Yes - 9 (31%)
Probably - 11 (37.9%)
No - 9 (31%)
Total Voters: 29

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Author Topic: Bitcoin and Africa  (Read 2878 times)
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May 25, 2017, 07:03:38 PM
 #101

I am pretty sure that the transaction fee plus the amount of time it requires for Bitcoin to have a confirmation is the only thing that stops Bitcoin from surging within Africa. People within Africa have smart phones and Internet access and it wouldn't be that tough to get more people into Bitcoin because they already know how to use electronic items.

Bitcoin could be a better option to use instead of something like M-Pesa or the new mobile banking companies that are out there.

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May 25, 2017, 07:06:49 PM
 #102

I am pretty sure that the transaction fee plus the amount of time it requires for Bitcoin to have a confirmation is the only thing that stops Bitcoin from surging within Africa. People within Africa have smart phones and Internet access and it wouldn't be that tough to get more people into Bitcoin because they already know how to use electronic items.

Bitcoin could be a better option to use instead of something like M-Pesa or the new mobile banking companies that are out there.

Already repeatedly random questions about whether Bitcoin will help poorer countries and people. Homeland all Who lives the black continent I think Bitcoin will not be able to do anything because this is not a situation where you can earn money and help those people. The first priority for people who live in Africa needs knowledge, it is knowledge that can raise their standard of living.

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