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Author Topic: WHY CRYPTOCURRENCY PROGRESS MOVE SLOW IN AFRICA? AND WHAT TO DO TO HELP AFRICANS  (Read 1791 times)
JIMY JAMES VERENAR (OP)
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July 25, 2018, 05:44:21 AM
 #1

Hello, as we both knwo that cryptocurrency ius future payment solution in the world thoughthere is some bariers from differenct states and goverments but the reality still there.
Example we can see proress in some europeans countries having ATM machins where users can withdraw bitcoin and other altcoins there by using their ATM crds, also they can pay by using cryptocyurrency in different placess like supermarkets but also they can make online purchase with cryptocurrencies.

SO..
 WHY WE DONT SEE THESE THINGS IN AFRICA TOO??

 WHATS  TO DO TO HELP AFRICAN COUNTRIES TO ADOPT THESE CHANGES?

 

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July 25, 2018, 10:05:48 AM
 #2

Hello, as we both knwo that cryptocurrency ius future payment solution in the world thoughthere is some bariers from differenct states and goverments but the reality still there.
Example we can see proress in some europeans countries having ATM machins where users can withdraw bitcoin and other altcoins there by using their ATM crds, also they can pay by using cryptocyurrency in different placess like supermarkets but also they can make online purchase with cryptocurrencies.

SO..
 WHY WE DONT SEE THESE THINGS IN AFRICA TOO??

 WHATS  TO DO TO HELP AFRICAN COUNTRIES TO ADOPT THESE CHANGES?

 



Africa is a continent wherein almost all countries are considered third world countries. Poverty is very high and many people are suffering from hunger with no homes and food to eat. The high incidence rate of poverty shows that it will be hard for Africa to progress very fast compared to other developed countries. But I believe in time, cryptocurrency will slowly mainstream into Africa step by step.
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July 25, 2018, 10:15:27 AM
 #3

We can't help them. Most of the counttries there are poor compared  to the other continents. As we can see in the news, many okaces there have not actually even been touched by technology not like compared to the developed countries.
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July 25, 2018, 10:40:57 AM
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Hello, as we both knwo that cryptocurrency ius future payment solution in the world thoughthere is some bariers from differenct states and goverments but the reality still there.
Example we can see proress in some europeans countries having ATM machins where users can withdraw bitcoin and other altcoins there by using their ATM crds, also they can pay by using cryptocyurrency in different placess like supermarkets but also they can make online purchase with cryptocurrencies.

SO..
 WHY WE DONT SEE THESE THINGS IN AFRICA TOO??

 WHATS  TO DO TO HELP AFRICAN COUNTRIES TO ADOPT THESE CHANGES?

 



Those countries that are way ahead by opening up new frontiers in the development and application of blockchain and bitcoin, have one thing in common which is development in virtually all areas of their economy. They have challenges but have moved away from basic issues such as education, road infrastructure, electricity, identity, health care issues, minimum wage, in short basic human needs have been covered which most African countries are still battling with in the 21st century.

The point is, African countries will get there but not at the pace you are expecting it to happen at this time. Unfortunately, by the time they get there, other countries would have moved to bigger and more efficient platforms which means the world don't wait for nobody.
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July 25, 2018, 11:14:32 AM
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The majority of African countries are seen as third world ones, lack of education and the spread of poverty are the main issue there especially in central Africa, in the northern  countries which are more advanced than the others, cryptocurrencies was already banned by the governments back in 2017 but the people's awareness about the blockchain technology is higher than expected and there are present in the crypto community.
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July 25, 2018, 11:29:52 AM
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I think it would be better if a bitcoin ATM is integrated with a bank ATM, so the public will be easier to understand in its use, as well as be able to introduce bitcoin to the general public.

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July 25, 2018, 11:38:46 AM
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Hello, as we both knwo that cryptocurrency ius future payment solution in the world thoughthere is some bariers from differenct states and goverments but the reality still there.
Example we can see proress in some europeans countries having ATM machins where users can withdraw bitcoin and other altcoins there by using their ATM crds, also they can pay by using cryptocyurrency in different placess like supermarkets but also they can make online purchase with cryptocurrencies.

SO..
 WHY WE DONT SEE THESE THINGS IN AFRICA TOO??

 WHATS  TO DO TO HELP AFRICAN COUNTRIES TO ADOPT THESE CHANGES?

 



Bitcoin doesn't make corruption go away, which is the big problem for Africa. Money doesn't seem to help them, neither does bitcoin.
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July 25, 2018, 01:03:53 PM
 #8

actually i believe that bitcoin adoption in Africa is good enough considering the situation and comparing it to the whole world. for example in most of the world the bitcoin adoption is already slow  with exception of some countries such as Japan. but in Africa as somewhat of a developing country we have already had a good level of adoption which we may not even have in many other countries.

if you have any particular reason to believe it is otherwise i am eager to hear it.

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July 25, 2018, 01:10:31 PM
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I think it would be better if a bitcoin ATM is integrated with a bank ATM, so the public will be easier to understand in its use, as well as be able to introduce bitcoin to the general public.
If that so, any company in Africa should take as leading one become Bitcoin Bank and provide ATM as facility, but in reality it is not so simple looks like as regulation and tax was become stuck discussion for all this time. Bitcoin can fast being adopting when many famous people in Africa will support this Bitcoin become legal.
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July 25, 2018, 01:23:12 PM
 #10

Not only in Africa , but there are still many countries that have not legalized cryptocurrency, let alone making ATMs. the best way for crypto ATMs and payments using crypto to be immediately canceled around the world is to spread the benefits and benefits of crypto to everyone so that they can feel the benefits and ultimately many support.
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July 25, 2018, 01:44:07 PM
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The cryptocurrencies are not immediate understanding and management, require skills and also hw/sw equipment. Of course there are fewer bases in Africa than in more advanced countries and continents.
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July 25, 2018, 01:47:24 PM
 #12

WHY WE DONT SEE THESE THINGS IN AFRICA TOO??

 WHATS  TO DO TO HELP AFRICAN COUNTRIES TO ADOPT THESE CHANGES?

You need to fight poverty, corruption and ignorance in most of those countries. Ordinary people are struggling everyday looking for food, water and escaping wars. Rich people don't care a lot about cryptocurrencies when they can swim in a pool filled by gold or green cards. Average people who have access to the Internet and have difficult life caused by the inflation will invest in cryptocurrencies but their number remains very low compared to the other continents...

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July 25, 2018, 04:00:16 PM
 #13

I think it is because for the people there it is very hard to believe in something new, even if it would be free, fresh and perspective. You can help Africans by showing them a successful example of other guys here.
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July 25, 2018, 04:11:14 PM
 #14

Africa lack most basic infrastructures needed for the growth of bitcoin and other Cryptos, epileptic supply of electricity, poor internet services and corruption are the major barriers towards accelerating the growth of bitcoin in Africa,  more so inadequate awareness and orientation about btc is another bottleneck hindering the growth of cryptos in the continent.

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July 28, 2018, 06:01:32 AM
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Even through Africa has started to adopt this market, this does not explain that it will move the same pace as other countries such as the UK. This is because Africa is still a third world country and the majority of the people are not associated with this market yet.
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July 28, 2018, 06:14:33 AM
 #16

i don't think there is much we can do to speed up bitcoin adoption in Africa specially if we don't live there. of course if you are already there you may have an influence. for example you can start talking to different merchants, big  companies,... to start accepting bitcoin as payment. if you have money or are interested in it, you can start businesses in Africa related to bitcoin. for example start up an African bitcoin exchange service making it easier for Africans to buy/sell bitcoin with local currency within their country.

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July 28, 2018, 06:39:03 AM
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African countries as you might as well have observed pick up on new technologies quite slowly. Bitcoin also seems to be no different. However, I feel differently actually. I think the adoption of Bitcoin by African citizens is rather more impressive than expected. Governments might not be showing full support to the currency but Africans surely are. And with the rate at which cryptocurrency is gaining popularity in Africa, it is only a matter of time before it becomes commonplace. If other continents do a good job of maintaining the growth of cryptocurrency, then, surely Africa will catch up. The young people in Africa seem to always be ready to embrace innovation.
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July 28, 2018, 06:43:28 AM
 #18

Africa continent has been considered as always backward in all aspects.People there already struggling for food and bed since years, poverty is at its peaks and technology to be adapted there will take so much time, really dont know the timeframe. But i hope that the crypto space if adapted fast by Africans can bring huge changes in no time and it would help the people move fast along with the other countries.So i am hoping that this could change the phase of Africa provided their government also supports the cause and implement the technology as early as possible.

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July 28, 2018, 06:54:41 AM
 #19

I think that the economic conditions and technological developments in Africa are still small, they are left behind. the government only used their voices for politics, but they do not get a good life.

I think the government should be a helper, give solutions to the people, by doing a great socialization of spreading crypto.
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July 28, 2018, 07:06:28 AM
 #20

They have many citizens already into the use of crypto in African countries like Nigeria, South Africa, Zimbabwe etc but their government is not supportive as they see it as ponzi scheme. Kenya recently have btc ATM.

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