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Author Topic: Crypto in Africa  (Read 93 times)
Howard Roark
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September 10, 2018, 07:57:02 AM
 #1

I'm pretty certain that the biggest growth of Crypto won't be in the developed nations but come out of real-world usage in developing countries rather than the first World.

For instance, this is an interesting initiative from Bancor

https://www.grassrootseconomics.org/single-post/1st-Tomatoes-on-Blockchain

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Doorex
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September 10, 2018, 09:28:08 AM
 #2

I see great future in Africa, the only thing, governments should just appreciate and develop cryptos in Africa and not try to ban.
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September 10, 2018, 12:42:28 PM
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 #3

In terms of Cryptos you are probably right. what they would need is access to a stable currency and not to hundreds of cryptos. And they will probably participate as users only in a certain network since they lack infrastructure to place at the disposal of this network to keep it running. In terms of blockchain, it will be the first world implementing solutions wherever there is loads of data and transactions such as insurances, healthcare, administration and so on.
Lake20
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September 11, 2018, 03:26:54 AM
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Cryptos and blockchain technology will be an added advantage to the continent of Africa if government in Africa and people can fully embrace these new concepts .

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myCrowdForce
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September 11, 2018, 11:40:55 AM
 #5

Africa and other emerging markets will be the biggest beneficiary of Crypto. Crypto will disrupt the entire system and get to places where traditional businesses cannot reach.
Even though so many African countries still have strict legislation. I guess they will still adopt it as we all know that Africans are usually late adopters or laggers when it comes to global innovation

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September 11, 2018, 12:12:43 PM
 #6

Many of us tend to have stereotypes about Africa, but I personally met a guy from Kenya who does a crypto project there and according to him there is a very strong potential for great projects on the continent, especially some of the countries. He says in Kenya you can find great IT work and in Nairobi as we speak there are some very, very interesting crypto startups.

I am curious to see what will come out of there in the next year or two.
qualitywork
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September 11, 2018, 12:29:37 PM
 #7

Africa and other emerging markets will be the biggest beneficiary of Crypto. Crypto will disrupt the entire system and get to places where traditional businesses cannot reach.
Even though so many African countries still have strict legislation. I guess they will still adopt it as we all know that Africans are usually late adopters or laggers when it comes to global innovation



It's time for African continent to adopt crypto and increase their standard of living.

hihelen
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September 12, 2018, 08:33:28 AM
 #8

I think the only reason why popularity of crypto is rising in Africa is that there are really poor countries there where people are trying to protect their savings against huge inflation. Well, we have seen this in Zimbabwe just several months ago. I don't think people are really care about the tecnhology there.
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September 13, 2018, 01:23:28 AM
 #9

I see great future in Africa, the only thing, governments should just appreciate and develop cryptos in Africa and not try to ban.

Yeah! You're right as seen in this article: "Africa could be the next frontier for cryptocurrency, Experts say conditions on the continent are great for virtual currency" Reference:   https://www.un.org/africarenewal/magazine/april-2018-july-2018/africa-could-be-next-frontier-cryptocurrency
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