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Author Topic: Bitcoin is gaining momentum in Africa  (Read 2341 times)
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February 03, 2018, 02:19:55 PM
 #161

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! Wink

This will definitely affect the development of this region. There are countries with huge hyperinflation. Cryptocurrencies can help reduce unemployment and poverty.
How the heck does crypto help deal with poverty and unemployment? You can’t even use crypto without electricity
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June 21, 2018, 01:20:39 PM
 #162

at first, we have to know that what are the difference between Bitcoin and BitKoin.Africa, so far I know that Bitcoin is almost spreading out as a global currency but if BitKoin.Africa is being invented only for the African Countries then it wouldn't be popular outside of the African continent.
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June 22, 2018, 11:49:48 AM
 #163

at first, we have to know that what are the difference between Bitcoin and BitKoin.Africa, so far I know that Bitcoin is almost spreading out as a global currency but if BitKoin.Africa is being invented only for the African Countries then it wouldn't be popular outside of the African continent.

BitKoin.Africa is an exchange!!!!! Not a coin!!!!!
Spend at least 5 seconds to read the OP before posting, can you do that?

How the heck does crypto help deal with poverty and unemployment? You can’t even use crypto without electricity

Nobody knows, but it's easier to dream then facing reality.
Bitcoin is the new Holly Grail that will.....do something Tongue
Too bad it will end like the Monty Python show

many countries will follow what Africa did with bitcoin and I am sure that bitcoin will spread in many places and cannot be stopped as long as the internet still exists. this is a good momentum that Africa did and I think the other country will learn about bitcoin and they don't want to be late to studied bitcoin. maybe it will help Africa to solve the poverty problem in their country so their country will try to grow and better than before.

Hilarious!!!!!!!!
The US, Japan, the whole EU, will follow what Africa (which is no a country btw) does.
And then....the end of the world will be near.

You can check some forums here in bitcoin talk and you would see that there are a lot of ICO's that is focusing in africa. Africa has a great business opportunity through ICO's and crypto currency. So I am not that surprised with the momentum they are having for africa.

But of course there are thousands of ICOs from Africa, after all, there are hundreds of Nigerian Kings, Queens, Dukes waiting to make us billionaires.

God, I love the delusion in this thread Grin

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June 22, 2018, 11:52:16 AM
 #164

Happy to see growth of bitcoins and other crypto in Africa. This will also boost prices all over the world due to increasing demand.
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July 26, 2018, 12:05:33 PM
 #165

According to reports and aggregate data from Google, Bitcoin is on the rise in Africa. Bitcoin is attracting investors in Africa, for example, in a typical group of investors such as Millennial in Africa, Catherine Byaruhanga of Uganda. For example, a young resident from Kampala, Peace Akware, hopes the bitcoin she has invested will increase enough for her to buy a car, maybe even buy the land someday. Another person from Kampala, Martin Serugga, is teaching electronic money in his weekly class with more than 50 attendees. Serugga teaches the class how to trade electronic money against Fiat used in the country.
Other reports also mention that since the economic and political crisis in South Africa began, locals began to search for Bitcoin. On this trading day, Etoro made a comeback in March when regional finance minister Pravin Gordhan lost his position. "In South Africa, the number of new users trading Bitcoins through Etoro increased 671 percent from January to the end of November last year over the same period in 2016, higher than the growth rate, '' said Mati Greenspan, an analyst. overall manager 574% ".
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July 26, 2018, 12:11:26 PM
 #166

Yes indeed bitcoin is  gaining some amount of attention in the lands of Africans. Currently there are news that Kenya and Zimbabwe have installed Bitcoin ATM machines in their countries. I have also not heard that any African country has announced its opposition to digital currencies.

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July 26, 2018, 12:18:45 PM
 #167

Precisely.

And we at InstaShift.io have launched our Peer to Peer Exchange for Nigeria last week.

Our system has a Unified Order Book & we do a Round-Robin matching.

Presently our trade volumes are on a Higher Note in India & Canada as well.

Africa is very much supportive of the Crypto-Community & we are delighted to start some good work for the region as well.
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July 26, 2018, 12:46:14 PM
 #168

I think it is normal that Africa is looking for alternatives of money. The fees in the banking system are huge there and cryptos is the one escape how to not loose money.
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July 26, 2018, 12:58:29 PM
 #169

Bitcoin is gaining serious momentum in Africa and nigeria also been the country that trades bitcoin the most. It is a good thing for bitcoin and cryptocurreency at large as this would improve lives in the life of its citizens and make make bitcoins more valuable.
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July 26, 2018, 01:14:29 PM
 #170

It is good news for us because nigeria is a big country, with this all coins are rises if their economic was growing  and their government adopted it, it is a big factor for all in this business we can benefit it..
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July 28, 2018, 06:24:59 PM
 #171

Saw a in reality fine video concerning YouTube approximately this. Bitcoin has not without help back going on individuals pardon themselves from giving out controls, but moreover the governments to pardon themselves from unfair economic authorize which have left Africa in a disrupted impression. Bitcoin is the chaos we have been waiting for.
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July 28, 2018, 06:34:12 PM
 #172

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! Wink
This is a happy news for Bitcoin and cryptocurancy because now Bitkoin.Africa allows customers from all African countries to buy bitcoin, quickly and without problems.bitcoin gained momentum everywhere in the world. Still I think the Crypto currency market is in the early stages, few people in the world know about it. Thus, bitcoin demand will rise higher and higher day by day, as new people begin to learn what is Bitcoin.
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July 30, 2018, 09:10:14 AM
 #173

at first, we have to know that what are the difference between Bitcoin and BitKoin.Africa, so far I know that Bitcoin is almost spreading out as a global currency but if BitKoin.Africa is being invented only for the African Countries then it wouldn't be popular outside of the African continent.
A great news indeed. This was a great decision made by african people which may help them to build thers economy more stronger and therefore the economy will grow and the poverty in this countries may be lessen. That is one of the goal of bitcoin, to help.peopls all over the world at the same time give benifits to its users. Hoping fot he fast growth in economy of the said continent.
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August 07, 2018, 03:24:30 AM
 #174

Few years ago, it was hard to read anything about Bitcoin in Africa as a whole but recently, the rise of Bitcoin is on the move. Blogs and news platform are publishing the terrific rise of Bitcoin now. Its very know now in Africa. We are glad for this improvement
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August 07, 2018, 03:35:37 AM
 #175

Guess Africa don't wanna be left behind. Many big countries adopted this technology. If African countries are going to adopt this technology. Why not? I heard bitcoin in Nigeria is very popular. Then i searched google about this. Over 100,000 merchants are now accepting bitcoin as mode of payment. They are really relying on bitcoin since it's the fastest and yet affordable way for sending money. http://www.oyibosonline.com/over-100000-merchants-in-nigeria-now-accept-bitcoin-payments/
Also it can change their lives because bitcoin is not just a tool for money transferring but also a good form of investment. Most African countries are suffering because of poverty. Maybe it can be a way to make their lives comfortable.
That is not true no wholesalers or retail store here in Nigeria accept payment in any currency other than fiat. bitcoin are only used here to pay for subscription services and to buy other online services but locally it is not yet use as a medium of payment. digital currency have always been use widely in Nigeria back then since the time of liberty reserve and generally Nigeria is first to known in Africa when it comes to adopting technology such as africa due to their versalitity and there presence on the internet.
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August 07, 2018, 03:42:29 AM
 #176

I have not use your website before but i want to believe you will have good customer support because that is the most important aspect of the business. Nigerian dont have patient when it comes to issue that prompt to contact customer care for their problem to be solved and ones there is delay in response it might be something else. also your website will face competition from some Nigerian based website offering the same services such as instantgold.ng that has been in the business since the beginning of time.
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August 08, 2018, 04:43:29 PM
 #177

in some countries in Africa very high inflation! residents of these countries have found a solution to this problem, they began to store their money in crypto coins! Africa very much needs an information revolution, as well as in a new payment system!
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August 08, 2018, 05:28:36 PM
 #178

Africa has good and honest people, what kind of domination? I think bitcoin in Africa has no problem people there are also good

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August 19, 2018, 12:21:48 AM
 #179

Africa is now able to buy and sell bitcoin or cryptocurrency without any hassles. This is a great benefit to the customer. By doing this they can be successful.
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August 19, 2018, 01:38:01 AM
 #180

This is a good news. I am happy to read this and I would like to hear more about it. Bitcoin can do some good in Africa by helping with the social issues. Investors could earn money and help their families. The problem is that the majority of people do not have access to computers and the internet. How is it possible for them to buy crypto? Nigeria is doing a good job for Africa as many said. My question concerns the security aspect. Talking about p2p, how do they ensure the security of transactions?
Anyway, it is great to see Africa joining crypto. It is a young continent and Crypto can help them more than fiat money. They just need to develop their infrastructure.
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