Bitcoin is gaining momentum in Africa

[Eugenar]

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone!

Well that good to know and aomething to look forward to. It also proves that Bitcoin is getting more popular to more countries and people and will also positively affect its market value since the demand will continue increasing. Hoping that in the future, it will be legal to more countries and will be used by more people as a currency.

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[Siren]

Long back itself bitcoin has gained more momentum in Africa. This happened when few scam MLM's used it as an source to reach the user base. This further gained more support from the countrymen even after strong opposition arose from the government. So at present it might be gaining more momentum as the growth is happening potentially.

We are all aware already that even their is a strong opposition by the government, the growth can be achieved. Bitcoin is unstoppable and really gaining wider acceptance. I do hope that Africa is the next continent that will take advantage of bitcoin. I'm seeing that if this is successful, there is a chance that the continent would at least alleviate the economic and financial aspect of the population. Maybe 2-5 years from now, Africa will be very different because of bitcoin.

[Triffin]

Bitcoin is unstoppable. Everybody will use it in 10 years

I think the 10 years the long time period the people are now using the bitcoin on the high stage and the value of the bitcoin will be very high in the coming days; it is the time to make bitcoin use worldwide and remaining countries will make the bitcoin more popular with the time. It is the good time to increase the power of your money.

[MostafaGamal]

it's a good thing , and make bitcoin more popularity to all people .

[naocb]

i heard some starups like bitpesa are providing bitcoin related service. (mostly international remittance)
also heard Safaricom provides mobile payment solution to their customer, so am interested to see how bitcoin could co-work with such local financial services. it will be different from those in US or other locations

[CodyAlfaridzi]

Great! Now even more countries are exposed to Bitcoin. Africa is a huge continent with a lot of potential for cheap digital payment. Bitcoin can fill that role perfectly. I hope African people really start getting involved and using Bitcoin instead of sending money through bank with huge fees.

Always great to hear development of Bitcoin adoption in the world

[someoldcoins]

. Maybe 2-5 years from now, Africa will be very different because of bitcoin.

it takes decades

[centralbanksequalsbombs]

i heard some starups like bitpesa are providing bitcoin related service. (mostly international remittance)
also heard Safaricom provides mobile payment solution to their customer, so am interested to see how bitcoin could co-work with such local financial services. it will be different from those in US or other locations

Did you read the link I provided?

It shows the history of the central bank and Mpesa using coercion and illegal practices to shutdown competition and to subvert bitpesa from spreading.

Educating and counter-action should be taken against the individuals acting in such disregard. Their names should be available easily, these are those serving as the Board of Directors for any of the entities.

Have fun.

[kotajikikox]

bitcoin is gainning in africa are good news truly bitcome increasing the strenght of power in the cryptocurrecy world i believe not only in africa for the bitcoin continues the success in the intrire world as become a leading currency someday.

[ninabobo]

a great start and the right move. I really appreciate it

good for future development and bitcoin value of course, maybe now is the beginning of tomorrow will be a big step. let's wait what will happen.

[BarbieCasino]

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone!

Well that good to know and aomething to look forward to. It also proves that Bitcoin is getting more popular to more countries and people and will also positively affect its market value since the demand will continue increasing. Hoping that in the future, it will be legal to more countries and will be used by more people as a currency.

I think not only the Africa but all the well developed countries are trying to give the large profits to the citizens. It is the need of the time because all the things in the Africa and the countries like this are making the crypto currency more and more popular to increase the profit of the country because it is good for the both the country and the users.

[centralbanksequalsbombs]

Long back itself bitcoin has gained more momentum in Africa. This happened when few scam MLM's used it as an source to reach the user base. This further gained more support from the countrymen even after strong opposition arose from the government. So at present it might be gaining more momentum as the growth is happening potentially.

We are all aware already that even their is a strong opposition by the government, the growth can be achieved. Bitcoin is unstoppable and really gaining wider acceptance. I do hope that Africa is the next continent that will take advantage of bitcoin. I'm seeing that if this is successful, there is a chance that the continent would at least alleviate the economic and financial aspect of the population. Maybe 2-5 years from now, Africa will be very different because of bitcoin.

That would be good news to look forward to....a changed peoples in Africa, where her people sought and gained financial independence to better themselves.

[ivrynx]

i think this move is very risky, given the fact that most countries in africa do not have access to internet, there are few countries in africa that have access to to internet and those countries still do not have good internet connection and if they do, they have a conflict in their country, if we check on those progressive countries in africa, namely south africa and egypt, they have been developed because of colonization and those who are rich are still those had colonized them, the technology that they have, possibly will just give more income to the the rich people and not to the native africans. though this is good news, i think they all should first give financial education to all their people, since investing is really hard if we do not study it and understand it, and even more if you invest in bitcoin, since it is something intangible, a lot of people in africa may invest on bitcoin, but how sure are they that they will not loose, the first thing they should have done, it information dissemination and then introducing bitcoin to them. still this is good news to our community, however we need need to be cautious, since this might be a new thing to them, knowing that most fiat currencies in africa is becoming more and more devalued overtime and it is not a shock that people will turn to bitcoin if their fiat becomes obsolete. we also need to understand that africa will might soon hold the biggest percentage of bitcoin users, we need to check all of their movements.

[andylowe]

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone!

There ate lots of good news I've read about bitcoin today. More and more countries are accepting it now. This could only mean one thing, more and more people also will buy and use bitcoin. As a result, the price of bitcoin will soar up high.

[centralbanksequalsbombs]

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone!

There ate lots of good news I've read about bitcoin today. More and more countries are accepting it now. This could only mean one thing, more and more people also will buy and use bitcoin. As a result, the price of bitcoin will soar up high.

No. Wrong.

There is not more and more countries accepting it.

There are more and more governments rejecting it.

But there are many many peoples of the world in almost all the countries still seeking it, buying and investing in it despite everything.

The fiat currency global system is a debt-based conflict-funding system that wants to keep its monopoly (by the central banks).

Central banks controls the governments in each country.

Central banks control and have a MONOPOLY on credit/currency issuance in each country.

Additionally Central banks control the media in every region. Thus will TRY to influence opinion on things like bitcoin.

They will not allow competition and they've even banned bitcoin worldwide since 2013 training tellers to block/stop transactions if "bitcoin" is mentioned.

Four full years and the powerful central banks have been rendered POWERLESS TO BITCOIN'S decentralized strength.
Bitcoin keeps growing and growing in every country.

The people around the world are becoming too smart in seeing through the fiat currency schemes.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so. They can never have such domination on Bitcoin.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

WHO WILL PROTECT ME FROM THESE HORRIBLE FIAT CURRENCY BUBBLES??
CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

Recommend reading post: "Hacks Puppets and Forks - How to destroy Bitcoin"
https://bitcointalk.org/index.php?topic=1834310.20

Bitcoin has the highest value because of the totality of what it is - if it lacked the features of what it is, then there would be no value.

If it can be shutdown, and have assets frozen by a bank or government, there would be no value
If it wasn't secure, there would be no value.
If it wasn't immutable, there would be no value.
If it wasn't globally distributed, there would be no value.
If it wasn't so strong, open-source decentralized and unstoppable, there would be no value.
If it wasn't so scarce, there would be no value.
If it was easy to spam transactions, there would be no value
If it didn't have the history of 8+ years (and still no hacker can exploit bitcoin blockchain), there would be no value
If it was exactly like fiat and only did transactions, there would be no value.

Bitcoin has all these together to make the most value and increasing more than any other financial-asset option coming from the fiat central-banking debt-system.

Though it is still very early adoption not even 1% adopted yet (most people everywhere don't know what it is)...
Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.


Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates. Central banks will never have such domination on Bitcoin.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Be wary of things outside of bitcoin especially when other things start throwing around the word 'blockchain'.
A non-decentralized "Blockchain" is a private database....Private databases has virtually no value!

BLOCKCHAIN without bitcoin = SCAMCHAINS, useless unsecure private databases
BLOCKCHAINS without bitcoin ARE SIMPLY PRIVATE DATABASES that every small business has even a coffee shop = NO VALUE, its like fiat currency, small minimal value!

BITCOIN BLOCKHAIN = SECURE IMMUTABLE VALUABLE OPEN-SOURCE DECENTRALIZED FAIR (scarce bitcoin supply). Globally people poured over $80Billion (USD) equivelent value into bitcoin and this will increase with time.

[pat4cryptoreal]

I know that due to economic situation and lack of power supply in Nigeria. It is difficulty to really to succeed in anything. And most time is just a mind set of making quick money. I know that there are a lot of cryptocurrency investors in Nigeria.

[adadaorlina]

It is good for their country that these kinds of developments are at the forefront of their modern technology, that they should secure and protect this kind of development and drive the bad deeds for their country.

[BitcoinCurve~]

I know that due to economic situation and lack of power supply in Nigeria. It is difficulty to really to succeed in anything. And most time is just a mind set of making quick money. I know that there are a lot of cryptocurrency investors in Nigeria.

Thats the reason why africa could play a big part in Bitcoin it's not a very well developed country and many people are always looking to make money to get by and I think Bitcoin can provide that.

[Scorpion]

There's just an abundance of potential and resource there for Africa to sprout up and take help lead a wave technological change in the world. I see them adopt Bitcoin soon and also innovating and creating and tapping into their vast renewable energy resources too.

[googs84]

Bitcoin as a cryptocurrency have wide scope in African countries. Due to long lasting civil wars their economies are devastated.Developing economies are allowing trading in bitcoins. In South Africa, cryptocurrencies are becoming particularly popular. BitPesa, Bitfinance are gaining some popularity. In Nigeria, Zimbabwe local traders and activists believe this new money as better alternative for their collapsed economy. But remote areas have problems like connectivity, electricity etc. Bitcoin related activities will help to generate jobs in these countries. If these basic infrastructure get restored these currencies can help to improve economic status of these countries.