Will Africa be a good place for crypto?

[alexhunter54]

I think not because they have something much more useful to get investments which is agriculture and usually it is not used as much as needed so btc which is a bit more complicated thing has less chances in my opinion.

[DAVETUN]

Africa is sure a good place for cryptocurrency, as we have mostly developing countries within the continent, with large population and several raw materials that they have not been able to tap into the potential,the blockchain technology will be usefull to enhance the development of the of resources within the continent.

[n0ne]

Long back itself cryptocurrency experts mentioned bitcoin to be the asset to recover the countries facing hard financial crisis. In this manner the usage of cryptocurrency and existence of more and more cryptocurrencies were found over the African part. As it takes little time to make people understand, time is required to succeed.

[denuhaqiqi]

I think so. Cryptocurrencies' popularity in Africa increased, so many crypto currency exchange platforms emerged. according to what I read, the absorption of digital currencies has grown well in Africa over the past two years. The survey also shows that more of them are planning to invest in crypto. and to support that, Africa needs to make major changes to the telecommunications infrastructure throughout the world.

[Renaldi blackspadeteam]

of course, I predict 50% Africa will be a good place for cryotos, and 50% will fail, because in Africa there are still many people who don't understand Cryptocurrency, so I think Africans have to study again

[Yusuf77]

of course, I predict 50% Africa will be a good place for cryotos, and 50% will fail, because in Africa there are still many people who don't understand Cryptocurrency, so I think Africans have to study again

if the government is sure and the intention to do it 100% sure it will work I am sure of that. learning the crypto world is not very difficult because crypto is easy to understand. all that takes time and process so that Crypto is 100% successful and becomes legal in Africa.

[basyang]

The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?

All of countries in the earth is good place for crypto if they have an technology and the internet is stable. I know there are also a countries that do not have a internet or maybe they have but very slow connection. They need an improvement to their country when it comes to technology. In africa, if they have a good internet connection it really helps their economy to grow.

[bitbunnny]

Yes, why not? Many people are having different prejudice when it comes to Africa and people there but maybe it's interesting to say that according to some research people in Africa are using more mobile phones per person than in some countries in western hemisphere.
Cryptocurrencies are already being used in many countries in Africa and what is obstacle for better acceptance is internet connection and access which is poor in some countries. So better infrastructure and also education would also lead to better use of crypto.

[qiwoman2]

African Countries are really coming onboard, where ti comes to blockchain technology because it is fast, cheap and easy to introduce to so many people without any banking facilities. All you need is a mobile phone and internet connection and you got access to a whole list of financial products and services. Both Fintech and Crypto aspects of the economy will be given a big boost in Africa, as more and more people in remote areas get access to money and being an integral part of the local and global economy. I think Africans will excel in all things Crypto and they are trying to get their stake in the blockchain pie very fast.

[margaret22]

To become a real currency, it is needed to have a strong government support I guess, and I am not sure, if that would happen any time soon. But indeed, Africa is a continent, where cryptocurrencies may have one of the most use case.

[Akpuv]

According to the common saying, Africa is a rising continent. Cryptocurrency is still very young and if African can join it now at this early stage, they too will grow with it. It is no doubt a good destination.

[Yantoaja]

The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?

in terms of regulation with the government this might be a good place, but for mining I think it's a little difficult because of the hot air and looking for a power source that will be very difficult if you are not in the middle of the city, because I think Africa is really a hot place.

[efxtrader]

The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?

Africa is growing continent and having a lot people that understand about cryptocurrency. If africa having good internet infrastructure, i am believe more people knowing about crypto and maybe become next crypto continent

[ngano ba]

Any where in the world are a good place to start cryptocurrency , the only problem for this kind of technology is the adequate supply of inyernet access in that certain place , and Africa will be a good place to start cryptocurrency , only if there are strong and continous supply of internet access , so that is good  for Afica and itsneighboring places.
frai

[Wonder_woman]

The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?

I think it is not good to place digital money there or Btc since we know that africa is not that rich country so even their internet connection is poor and maybe theres a lot of people there not yet using Androids or ios for digital money.

[dat.ho12492]

of course, I predict 50% Africa will be a good place for cryotos, and 50% will fail, because in Africa there are still many people who don't understand Cryptocurrency, so I think Africans have to study again

if the government is sure and the intention to do it 100% sure it will work I am sure of that. learning the crypto world is not very difficult because crypto is easy to understand. all that takes time and process so that Crypto is 100% successful and becomes legal in Africa.

Personally, I think Africa is not a suitable place for crypto, their technology and conditions are not enough for them to gain the greatest benefit from crypto, more precisely, Africa is home to the world's poorest people. The people and the government still have too many problems in terms of economics and daily work, although crypto may be good for our finances but with them, it's just a waste of time, they do not have time to grow on the field, their time is spent making a living every day.

[Bleaking6]

Yes it has a good population and people are getting educated day by day. African educated people are some of the most genius people out there.

[hahay]

Yes, why not? Many people are having different prejudice when it comes to Africa and people there but maybe it's interesting to say that according to some research people in Africa are using more mobile phones per person than in some countries in western hemisphere.
Cryptocurrencies are already being used in many countries in Africa and what is obstacle for better acceptance is internet connection and access which is poor in some countries. So better infrastructure and also education would also lead to better use of crypto.

I think nowadays everyone or per person has their own mobile phones and there are also many who have several mobile phones in one pocket. Having a mobile phones I don't think is a guarantee that they will join the crypto world and in a country where there are many people who own mobile phones, I think it is certain that internet connections are well available. So the reason why people in African countries use crypto I think the government or the highest person there is able to convince crypto to many people and perhaps the awareness of the people there who might be very enthusiastic about the latest technology or innovations like crypto.

[elpiji]

The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?

I found a new crypto that emerged from Africa.
ann : https://bitcointalk.org/index.php?topic=5040437.0
bounty : https://bitcointalk.org/index.php?topic=5028205.0
I think Africans also have great potential because not all of them are left behind in technology

[spongegar]

I don't know, but aa progressive as siuth Africa could be, i think they will accept it as a currency. Then again, if we're talking about the indigenous tribes in Africa that still holds true to their traditional values, then i guess it will be much more harder to make them accept crypto currency much less Fiat currency at all.