Poor Internet Services Could Cause Hamper Crypto Adoption in Africa

[shield132]

There are still poor internet services in villages of some small countries who have absolutely bettee economy than Africa. At the same time we have to mention that there is a reason of it in Africa. If you see, some clothes are even made here, for example let'd take Asos, why don't they manufacture in UK? Because Africa is very cheap, that's the reason why clothes are made in Turkey and in China too. This country doesn't play huge role in economy but their poverty is the reason of why is Europe reach.

[okala]

Africa is a large segment of the world economy that could see some challenges in catching up with the rest of the world in being a part of the crypto revolution due to poor internet services infrastructure. This is the fall out from less investment in the development of the sector. Crypto is a much more needed addition to the Africa economy as it has the potential to generate huge wealth and get the younger generation engaged.Africa should a crypto hub.

https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/

In Africa there is seriously poor internet infrastructures and the cost of using internet is very high in this continent and that in turn will affect the development and adoptions of cryptocurrencies in Africa. However africa should not give up as the blockchain technology is going to bring financial freedom to Africa.

[Indrawan77]

I dont think that with the rise in technological advances it is necessary to have the internet connection all over the world.

There is new tech about which I am reading these days and thats called as Mesh technology where there is only need of internet connection at specific distance and its not necessary to be placed all over the region to successfully execute the actions.

It goes online whenever it gets the internet connection.

Some more advances are also expected above this and could remove internet necessity for sure.

But it will difficult to implemented in such expensive technology in poor countries, even for internet which is very cheap in some countries still become an expensive item in Africa, and crypto can't work without Internet, that is why the growth in Africa for crypto is not too significant

[guoyu78]

Some countries develop thanks to technology (like india) and some develop thanks to manufacturing (like china and turkey) and some countries develop thanks to shoemaking (african countries) it doesn't change the fact that bitcoin is a simple thing that could be send and received with bare minimum tech need.

Even if a person from africa doesn't have a computer of his own (which I assume is more common in rural areas because places like johannesburg is quite developed even on european standards) he/she can use an internet cafe to go there and do their work and receive bitcoins there.

The only possible way a person from africa can't really make enough is if their country doesn't have an internet website that allows them to cash out their bitcoins into their countries money but even than they could just cash out in fiat for dollars or their fiat on localbitcoins for less than the avarage price. Poor internet service is remotely the least of their worries going into bitcoin world.

[GregH37]

You are right despite the over 80% of the world population residing in African the region has witness high rate of underdevelopment and at that social amenities such as electricity and internet connection has been a big challenge to those living within this region and this two things are what cryptocurrency relied upon for it operations.

High rate of underdevelopment as a result of bad leadership, and not having all the necessary facilities and amenities in place that could help change a lot of things. I remember being to some parts of Africa and that is the time I got to know that power supply is still being interrupted almost 80% of the time in the day, with people even using their generators as the steady one and then normal power supply as a backup.

At this age, it is that bad. A government that is finding it hard to provide power, how will people be able to then get access to technology, internet or whatever, that would enable them have access to cryptocurrencies. That would be a bit hard.

[EllenSmith]

It is significantly disadvantaged in Africa , as you know, crypto operation  base on the Internet. The access to Internet is limited in africa can make difficullity for people who want to invest on CRypto.

[0t3p0t]

Africa is a large segment of the world economy that could see some challenges in catching up with the rest of the world in being a part of the crypto revolution due to poor internet services infrastructure. This is the fall out from less investment in the development of the sector. Crypto is a much more needed addition to the Africa economy as it has the potential to generate huge wealth and get the younger generation engaged.Africa should a crypto hub.

https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/

Difinitely. Cryptocirrency investments, trading, mining and transactions needs to have a fast internet connection to make a progress. Here in my country internet connection is one of the most annoying part aside from power outage in dealing with crypto currency. I do hope that governments has to take actions regarding this matter as it is also a hindrance for a country to have a successful and more economic gains.

[d1ceplayer]

We don't need superfast internet connection to use cryptos normally a 2G speed interned will be enough to use the crypto currencies so it is not a problem for the crypto adoption in Africa but they are not yet ready for crypto adoption because they have lot of life problems in their country so they are surviving each day in tha country so where implementation of new system will take time.

In fact, we can see that in some places in Africa, it is not like internet access is a major problem and there are still people who are already having access to cryptocurrencies.

However, we still have to understand that compared to other developed parts of the world, it is something that would still be a bit hard to see adoption grow rapidly and it might take a little time before we would start seeing it more in play, and maybe just see some few part of Africa utilizing it, but if we are to refer to the larger population, that would be some hard stuff to really achieve.

[cotton ball]

there are already a number of ICO projects that focus on this, but the implementation in Africa directly is not yet clear and the project is still dominated by exchange which is actually not very efficient, the infrastructure to facilitate internet use has not evenly spread and is still comfortable to be used by the upper middle class.

The most important thing is periodic absorption and dissemination, and if the government cares about its people, then they must start by supporting the community using crypto with all the necessary conditions.

[usorin]

Everything is possible and Africa makes no exception, but to evolve first they have to finish with the violent militar activities. It make me sad thinking to the poor africans.

[juwon55]

Well here in Africa, Nigeria to be specific, the number of people who have access to internet is more than the whole population of some European countries.
And currently Nigerian is the 5th largest country where bitcoin is traded! ...The only thing that could hamper the growth and adoption of crypto and blockchain in Africa is the skepticism of the people towards the technology. Which can be easily resolve with good amount of educational programs,
crypto and blockchain conferences will also do a lot of good in the space.

[KingdomHearts]

There are still poor internet services in villages of some small countries who have absolutely bettee economy than Africa. At the same time we have to mention that there is a reason of it in Africa. If you see, some clothes are even made here, for example let'd take Asos, why don't they manufacture in UK? Because Africa is very cheap, that's the reason why clothes are made in Turkey and in China too. This country doesn't play huge role in economy but their poverty is the reason of why is Europe reach.

Well there is a big portion of people who are deprived of the basic facilities let alone poor internet in general and strong in particular. And this can possibly hamper the ability of the people use Bitcoin. About the success of Europe at the cost of Africa, i would say that today the rich make use of the poor to get their interest out of them regardless of the consequences that can possible arise.

UK invading Indian and hindering their participation in the world's GDP that was initially 13% was only 3% in 1947 when they left. So this is something that cannot be avoided. The powerful will always quest to snatch your resources. And yes the relative advantages of certain commodities in certain parts of the world are more than in the others.

[Kakmakr]

I have travelled extensively in Africa for work and I can tell you that mobile service providers are spread out through Africa. There are stiff competition in the telecommunication industry and services like M-Pesa are being operated through many of these mobile networks.

Big companies like Google also have projects like this : https://www.bbc.com/news/technology-44886803 {Google's Loon brings internet-by-balloon to Kenya}

I still think they should make it a bit easier for third world countries to use Bitcoin without smart phones and super fast internet. 

[nl247]

Well here in Africa, Nigeria to be specific, the number of people who have access to internet is more than the whole population of some European countries.
And currently Nigerian is the 5th largest country where bitcoin is traded! ...The only thing that could hamper the growth and adoption of crypto and blockchain in Africa is the skepticism of the people towards the technology. Which can be easily resolve with good amount of educational programs,
crypto and blockchain conferences will also do a lot of good in the space.

Not that far from the truth and at least, I have been to Nigeria and some other parts of Africa, and I was able to see myself that internet access is not something that horrific as a lot of people paint it, but at the same time, there is still room for growth when we are talking about the whole of Africa.

I was impressed though when looking at some of the data in Nigeria in terms of internet access, and I bumped into some statistics from http://www.internetlivestats.com/internet-users/nigeria/ with internet users increasing each and every year and drastically compared from 2000 till date. The stats is shown below;

Internet Users in Nigeria (2016*)
Current internet users population  86,219,965
Share of Nigeria Population: 46.1 % (penetration)
Total Population : 186,987,563
Share of World Internet Users: 2.5 %
Internet Users in the World: 3,424,971,237

Not that bad with the share of internet users in the world comparison.

Now, if we are to look at Africa as a whole, this was an information I pulled out from Wikipedia;

According to 2011 estimates, about 13.5% of the African population has Internet access. While Africa accounts for 15.0% of the world's population, only 6.2% of the World's Internet subscribers are Africans. Africans who have access to broadband connections are estimated to be in percentage of 1% or lower.

Honestly, when comparing the stats of share of world internet users in Nigeria which is 2.5% with that if Africa which is 6.2%, we will realize it is is basically just some few developing countries in Africa that have access to Internet, with a whole lot far behind.

However, comparing the perception of people in terms of adoption of cryptocurrency in Africa based on internet usage, I will say it is not as bad as a lot of people portray it, but when comparing to the chances when looking at the world in general, there is room for growth, but I believe one way or the other, Africans cannot be completely left out.

[Bitcotalk]

Everything is possible and Africa makes no exception, but to evolve first they have to finish with the violent militar activities. It make me sad thinking to the poor africans.

Absolutely, there is always a stage to everything and for the fact that Africa is still a developing nation entirely, I believe one way or the other, there are still some well learned people who are exposed in a huge way. I have been to South Africa and Nigeria and basically almost everyone and even down to kids in school have access to smart phones with access to internet services, and the exposure is there.

In that case, I may not have the statistics when comparing the whole population of Africa, but over time, it cannot be that bad that Africa will be exempted, and the truth is that a lot of the learned youths in Nigeria, actually have a huge idea what cryptocurrency and blockchain technology is all about. That to me is a good start.

[fullhdpixel]

Well here in Africa, Nigeria to be specific, the number of people who have access to internet is more than the whole population of some European countries.
And currently Nigerian is the 5th largest country where bitcoin is traded! ...The only thing that could hamper the growth and adoption of crypto and blockchain in Africa is the skepticism of the people towards the technology. Which can be easily resolve with good amount of educational programs,
crypto and blockchain conferences will also do a lot of good in the space.

I guess I can say the same over here as well. I am not a Nigerian, but I have been to Nigeria, and even though I could say I was just in some of the major cities here on some philanthropic mission, I would say it is not very bad to the point at which a lot of people put it generally like Africa is just some bush with no one having an access to internet.

It may be low when compared to the population in general, but it is not that bad when comparing the statistics of those who have access to internet in Africa and in the global space. Like you said, with good educational programs, and more exposures, this is something that can easily be adopted by a lot of people in this part of the world.

[tbterryboy]

Africa is a large segment of the world economy that could see some challenges in catching up with the rest of the world in being a part of the crypto revolution due to poor internet services infrastructure. This is the fall out from less investment in the development of the sector. Crypto is a much more needed addition to the Africa economy as it has the potential to generate huge wealth and get the younger generation engaged.Africa should a crypto hub.

https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/

Their government are the ones killing them. If you go to Africa those they have as leaders are just criminals who are only there for their own selfish desires. They never care about their citizens and citizens don’t even have full right. When it’s time for election people are not allowed to vote for who they want, and after election these men in power would rig the vote to put everything in favor of themselves. I think it’s high time the world look into all this things and liberate them of their evil leaders.

[jbarcenas18]

Exactly, poor internet services could cause hamper to crypto. Internet in every country is very important in dealing with the crypto. If africa have that connection it could affect crypto business.

[NoobyIntellecutual]

Well here in Africa, Nigeria to be specific, the number of people who have access to internet is more than the whole population of some European countries.
And currently Nigerian is the 5th largest country where bitcoin is traded! ...The only thing that could hamper the growth and adoption of crypto and blockchain in Africa is the skepticism of the people towards the technology. Which can be easily resolve with good amount of educational programs,
crypto and blockchain conferences will also do a lot of good in the space.

I guess I can say the same over here as well. I am not a Nigerian, but I have been to Nigeria, and even though I could say I was just in some of the major cities here on some philanthropic mission, I would say it is not very bad to the point at which a lot of people put it generally like Africa is just some bush with no one having an access to internet.

It may be low when compared to the population in general, but it is not that bad when comparing the statistics of those who have access to internet in Africa and in the global space. Like you said, with good educational programs, and more exposures, this is something that can easily be adopted by a lot of people in this part of the world.

In fact that is not only a problem in Africa but in most of the country people are facing such problems in my country in villages there are always lack to internet facilities which are really creating problems for the people to use bitcoin or other online shopping etc.

[Silberman]

Africa isn't "a large segment of the world economy",actually it's a relatively small part.I remember that the African GDP was more than 1 trillion USD,which is very little,for a continent populated with 1 billion people.
I think that Africa needs industrialisation first and then crypto adoption.Most of the african countries have 80% uneducated population of peasants,who can do only agricultural work.

This is the correct view in my opinion, the GDP per capita of the African continent is incredibly low, it is 3.5 times lower than the next place which is the Asian continent, so before that a revolution is needed in order for the continent as a whole to become more productive but this is going to be almost impossible with the huge level of corruption from their governments.