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!
Has Africa always had an "expanding demand" for Bitcoin? I could have sworn that a decent portion of the posts that I had seen back in 2014-2015 were about Africa suddenly having a massive demand for Bitcoin, or asking how Bitcoin could be spread within Africa, etc. This doesn't seem like anything that is newsworthy to me, really. They seem to have been doing this for a long time and I would have been more surprised if there wasn't someone who was developing things within Africa.
Yes, there's a bigger presence of Bitcoin in South Africa and Nigeria. Kenya is emerging as well due to recent history.
You can see the growing demand by country from localbitcoins trades here, the growth is staggering (scroll down to see all the individual countries:
https://coin.dance/volume/localbitcoinsAdoption of electronic-remittance has been great in many places in Africa! Primarily from the widespread use of cell phones with internet connectivity.
What would serve the people of Africa the best would be to use the real Bitcoin as it the most secure and best store of value. Any other 'blockchain' is essentially a scamchain. The greatest use-case for Africans would be obtaining Bitcoin as a long-term savings mechanism and secondary use as a cheap means of transfer for cross-border remittances. Bitcoin is the best tool to break away from central-bank financial bondage.
Has everyone known about the widespread use of cellphone remittance in Kenya (other parts of Africa) and attempts to centralize and control, shutdown competition?
Not too long ago - the debacle of Safaricom Mpesa and Bitcoin;
https://www.kenyainsights.com/revealed-how-a-worried-safaricom-used-backdoor-to-shutdown-bitcoin-which-was-set-to-neutralize-mpesa-dominance-in-kenya/Not just in Africa, Fiat around the world is heavily infested, broken, and burdened with:
-regulatory burden on fiat banks & system (incredibly costly)
-insurance fraud
-false claims and insurance losses
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-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)
Bitcoin, systemically, is free from these burdens.
Bitcoin CANNOT be controlled.
Bitcoin cannot be made legal. Governments may still attempt to do so.
Bitcoin cannot be made illegal. Governments may still attempt to do so.
Efforts by any country's central bank or government to regulate bitcoin will accelerate that country's demise of fiat value. These costs of such attempts and many other costs are absorbed by monetary inflation - making fiat even more worthless over time. Fiat system has been broken for decades. Bitcoin however had reached escape velocity globally 4-years ago in 2013 thus will continue to rise & be adopted as it is the only escape from financial slavery and an opt-out of war-making, slave-labor producing central bank regimes.
