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Author Topic: The used of Bitcoin in Africa  (Read 19689 times)
teejayrichard2
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March 10, 2019, 09:25:09 PM
 #101

The analysis you have made in terms of bitcoin usage in africa is true especially that of people in Nigeria using it as a means to stay out of poverty. I am a Nigerian and I have seen so many people who are into bitcoin trading and also bounty hunting. Infact, most Nigerian youths who are done with school and are yet to get a good job are either into bitcoin trading or bounty hunting or both just to make ends meet. There are also lots of Nigerians in different parts of the world including other Africans who has left their country to hustle and make money and now with bitcoin they easily send money home instead of usng western union which takes too much time and stress. In the past one year, I have seen lots of shopping been doen with bitcoin online by people too, that shows bitcoin usuage is really growing in this part of the world.
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March 10, 2019, 09:33:34 PM
 #102

Africa and some third world countries are easily adapting Bitcoin technology because they see a great potential and hoping that it will help them in terms of financial issues. I also noticed that newly created Blockchain projects are targeting Africa because of massive people who are into Bitcoin.
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March 11, 2019, 06:29:38 AM
 #103

The idea of cryptocurrency has really grown in Africa.  I have a friend in one African country university and he told me there are several programmes held on their campuz on blockchain and cryptocurrency.
Africa is a promising continent for future technology because it is still open to potential human resources and natural resources. In a modern country it is full of technology, where people have many choices to use. Unlike Africa, which is moving towards progress, thirst for technology.
As long as the government and society move along the course of course Africa for the next few decades can become an economic power that deserves to be taken into account. Including the use of digital technology to maximize Bitcoin and empower the blockchain which is very efficient for all fields.

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March 11, 2019, 07:45:28 AM
 #104

Africa and some third world countries are easily adapting Bitcoin technology because they see a great potential and hoping that it will help them in terms of financial issues. I also noticed that newly created Blockchain projects are targeting Africa because of massive people who are into Bitcoin.
- I don't think people in Africa are adapting and very active with using crypto and bitcoin because their living conditions and development do not seem to allow too many people to participate in this area, they are still very tired and trying to fight everyday life, using a technology like crypto and bitcoin, that is not the job they can do. People who are active in using crypto in Africa, these are probably criminals, they want to invest and launder money, even using crypto and bitcoin to buy weapons and buy banned items, a very popular thing with special features of bitcoin

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March 11, 2019, 07:56:32 AM
 #105

Wow Africa is doing a great performance in the crypto currency community. One time, I have been read an article where in Africa, there are many activities regarding blockchain where a lots of people are aiming to gain knowledge and different ways to use them. For now, I can say that this could be the chance of the continent of Africa to a better changes despite its current state in its government issues.
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March 11, 2019, 07:57:45 AM
 #106

Africa is going to be the new south america. It is perfect for bitcoin as it is transparent so no more corruption by officials

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March 11, 2019, 02:27:44 PM
 #107

Countries in the African continent are very good at utilizing technological advances, including in the field of financial transactions, many projects have sprung up from these countries. even because there are already regulations on bitcoin in these countries, many people are interested in using crypto currency as a tool for financial transactions.
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March 11, 2019, 11:20:28 PM
 #108

This topic has taught me a great lesson because Africa is considered as a continent that is in general, an always late in development and if people on this continent are ready to accept and use crypto in such a manner, I see crypto adoption to be very easy because even those we considered as the last to learn have learnt to learn what is good and active trading it.

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March 12, 2019, 12:57:55 AM
 #109

Africa is one of the continents that embrace cryptocurrency. Although most of the countries are underdeveloped and developing, people are gradually adopting cryptocurrency and its investment. The cryptocurrency merchants are also keen on the provision of crypto services to the extent of allowing the purchase of mobile phone airtime and payment of some TV satellite stations with cryptocurrency. If much crypto infrastructure is diverted to Africa, cryptocurrency will meet another rise in cryptocurrency adoption.

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March 12, 2019, 02:07:19 AM
 #110

I have been read some articles that in the African continent, there are lots of people there that are so eager to learn and understand the world of crypto currencies. Isn't it is very pleasant to hear about. As for what I can see the community of crypto there are getting better. They are making the use of it into maximize and bring new better changes for all the people's lives there.
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March 12, 2019, 02:40:16 AM
 #111

Africa still not have good place for bitcoin because many country still not understand about how to use bitcoin, maybe need promotion on africa how to make bitcoin become more popular transaction there.

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March 12, 2019, 02:51:10 AM
 #112

Viewed from the contents of your topic, I conclude that in Africa for now there is sufficient knowledge in the world of crypto, especially Bitcoin, yes, this country is very chaotic both from society to the contents of nature that does not produce much fruit, except for many wild animals .
I hope that in the future, crypto in Africa will be received well and developed.
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March 12, 2019, 03:00:55 AM
 #113

African countries needs help to fight poverty since for all this time they are being abused by othr countries that takes their natural resources because africa is vry rich on those areas

Now they saw an opportunistic chance in form of cryptocurrency and they will take all the chances for them to grow big

This is one of the best action africa has made and i hope seeing them go bigger together with asian countries as well
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March 12, 2019, 03:24:44 AM
 #114

Africa still not have good place for bitcoin because many country still not understand about how to use bitcoin, maybe need promotion on africa how to make bitcoin become more popular transaction there.

People in Africa want currencies that aren't printed by the central banks there though. You can sell USD easily...They were also first to adopt mobile payments with MPesa but the fees using M-pesa are up to 20%, people will definitely adopt bitcoin more over time.

It's the on-ramps and off-ramps to buy bitcoin in Africa that need to increase and have easy ways to move Rand or USD there into crypto. These countries have the most to gain from acquiring sound money.

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March 12, 2019, 03:35:37 AM
 #115

Bitcoins has been used by all Africans and that is good for the economy as it helps in the over all development of the people and the economy as whole and it helps to eradicate  major issues like unemployment issues and poverty from the continent. The people of African countries were ready to accept the new technology and embrace it with both hands as they wanted to bring a change in their country like freedom of finances which is possible only with bitcoins and block chain technology. Bitcoins has been used mostly by all the people in Africa and this has changed their lifestyle of living and has brought a positive impact in their lives.

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March 12, 2019, 04:44:00 AM
 #116

Thats good meanwhile I believe the most scammer are from these countries
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March 12, 2019, 07:54:21 AM
 #117

It is very great that Africa seems to be embracing the blockchain technology at its developmental stage and not wait till the latter times when they come on board. From the news that i have also read it seems South Africa, Nigeria and Kenya seems to be the countries that are really pushing for the acceptance of bitcoin and other cryptocurrencies. Hopefully all the others would join soon.

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March 14, 2019, 07:20:07 AM
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 #118

All we know that africa is not progressive country. I think they will not easily adopt the system because  most of them are not aware in using technology. I think if they already know and adopt the system of using bitcoin they will have a chance or opportunity to change or improve their life to make it better.

Africa is a continent comprising of 54 different countries, all with their own laws and governments. Some are more or less progressive than others in Africa and the rest of the world.
There is definitely awareness of the technology, including other blockchain technologies other than bitcoin. I think the blockchain Africa conference has been running a few years now, and that always has regulators and people from different big banks etc in Africa in attendance. The banks and regulators in South Africa work with the exchanges to make sure users are doing KYC and AML, have proof of residence etc.

Unfortunately many people in these countries are drawn to bitcoin as a way to 'get rich quick', since pyramid and ponzi schemes are running rampant. I would say at least half of everyone involved in crypto is in some sort of scheme, based on the people who contact me for information. While it could be used to make lives better, it often makes things worse for those who get sucked into ponzi schemes. The best you can do is keep helping people to do things properly the 'legit' way.

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March 14, 2019, 07:43:43 AM
 #119

The problem is that bitcoin needs connectivity to operate and Africa doesn't have the right infrastructure. In cities it will work well, but they need to push the internet as far out as possible before mainstream adoption

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March 14, 2019, 07:46:10 AM
 #120

All we know that africa is not progressive country. I think they will not easily adopt the system because  most of them are not aware in using technology. I think if they already know and adopt the system of using bitcoin they will have a chance or opportunity to change or improve their life to make it better.
Look how stupid this post was,do you know AFRICA?It is not a country instead it’s a continent that compose of more than 50 countries and you are the only person here that think africa is not progressive country(continent)because thats why they are embracing cryptocurrency for progress and not just for anything,i guess you’re the one must have progression and must learn to use google first before posting because you don’t know how offending your comments was.
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