Africa needs bitcoin, not a charity

[Muzika]

I think a possibility of crypto would ease the life of many africans, this privelege would give a great benefit for them, not talking about the development


The article: https://www.cio.co.ke/africa-needs-bitcoin-not-charity/

They should not jump into that process because they need education first,almost 60% of their teens aging 15-17 years old are out of school meaning they should focus on the things that make their people knowledgeable before they enter this industry. Molding peoples knowledge is more important than teaching them this industry without gaining basic education because they will be able to learn it once they are educated enough.

[Vinalians]

Africa is a country that doesn't want technology but do want development. Ironic right? Yes. They are not knowledgeable when it comes in technology especially in cryptocurrency. I do believe in just a matter of time they will adopt crypto and it can be the answer to their problem. Not sure but there is a big chance.
I just hope they will accept and understand cryptocurrency and what it can do to help them in the future 
There's always hope in cryptocurrency.

[Sithara007]

What africa needs is strong national development not bitcoin

Oh really? So as per your opinion, how they are going to achieve this development without new and innovative technologies such as Bitcoin? The problem with Africa is that although they are blessed with huge amounts of natural resources, they never get the benefits from it. They export these raw materials to developed nations and then import the expensive finished goods by spending whatever Forex reserves they have. And that is the problem when they don't want to adopt new technology.

[btc78]

I think a possibility of crypto would ease the life of many africans, this privelege would give a great benefit for them, not talking about the development


The article: https://www.cio.co.ke/africa-needs-bitcoin-not-charity/

This has been proven mate,like Venezuela who depend their country’s economy to cryptocurrency.i believe that Africa which having very difficult living as of now will benefits big if they will embrace the technology behind this virtual currencies most specially bitcoin that has been here more than 10years today and brings fortune to many people (though misfortune to others as well)

[marcbitcoins]

Its sounds like don't give them a fish but teach them how to fish but this will depend upon their government on how they will expose their people to Crypto currency which is majority of their people are belong to the poor level with mostly are poor in enducation too. Education is vital on how Bitcoin will work so hopefully their government will find ways to orient their people regarding Bitcoin existence.

[Nnuego]

The rate of unemployed youths in Africa is one of the biggest challenge facing Africa countries. The youths are leaders of tomorrow but still yet the old men are still ruling them. What Africa needs is not only bitcoin but coup that will wipe out those bad leaders blocking their breakthrough out of poverty

[copoyes]

both are equally needed
because not everyone in africa knows bitcoin and there are still many who have not been educated, it is also difficult in permission and who wants to accommodate the bitcoin to be shared whether it is trusted or not, different from charity that has permission and many places and if it is thought better charity rather than bitcoin seen from the amount and price, for example bitcoin whose random random rise and fall
whereas many charities can be in the form of money can also be in the form of objects and benefits can be used by all people in Africa

[Ayiranorea]

Exactly. That's the point. Africa need not only bitcoin but  our political leaders who are corrupt and old and still ruling. It sometimes so sad that we have all these people on our continent.

A political change is a must, because in recent days people were controlled by them. Earlier the people's revolution that takes place often kept the politicians under fear and that led to change. Now there is no such revolution and if something is initiated within hours the people associated with the same will be behind the bars.

If I'm not wrong Africa is the wealthiest continent with the availability of rare metals like gold. Later little by little got evaded and the corrupt politicians almost sold the country for corporates which is the reason for bad economic development. Bitcoin doesn't gonna change anything, first of all education must be given to everyone for change.

[imstillthebest]

i still think that charity is way more better than bitcoin or any other cryptos because charities are handed out imediatley , it could be food packs , money , clothing , medicine , etc but bitcoin ? i think its too complicated for a common man to use  it  .

 they cant easily used btc if you handed them out and its a complete hassel because they still need to find a working btc atm or a local exchanger just to trade it for fiats before they can use them locally since not all shops accept it expecially on an isolated country like africa .  

[bitbunnny]

I can agree that is always better to teach people how to catch a fish instead of just giving them one. That applies for Bitcoin too so teaching people about Bitcoin and how to use it might help people of Africa.
Still not all will be successful and not all can have access to Bitcoin and therefore charity is unfortunately still something we can't avoid.

[dat.ho12492]

but Africans seem just interested by BTC, few of them use the BTC!

https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

We need Bitcoin in my.country because it.is the money for the masses. Africans need cryptocurrency to fight the corruption.of the government.

I don't know for sure that crypto can fight corruption or not but I still know it can become a tool to limit the management and movement of large amounts of black mone, Africa's society will probably be more chaotic since that moment, the moment that crypto is disseminated and applied legally. And with some negative scenarios, bitcoin is not something Africa needs, what Africa needs is a charity, even some plans to improve the social and government apparatus, this change will last but it will certainly change Africa when the source of the disease is here

[jostorres]

We need Bitcoin in my.country because it.is the money for the masses. Africans need cryptocurrency to fight the corruption.of the government.

I think when satoshi was developing the blockchain technology, he should have targeted Africa as the main place where the solution of blockchain will be used because you are right, in Africa, they need both the blockchain technology and the cryptocurrency itself to be applied to their governmental system if they really want corruption to seize, that is the only continent that is more rate number 1 in corruption, especially their largest country called Nigeria.

With blockchain technology, they will be able to get their voting system right, and it will help them to be very transparent in their system of government, while cryptocurrency will help their economy, at least is limited and they cannot be printing it anyhow because cryptocurrency I not being controlled by them, and this printing of their unlimited money is one of the root of their problem.

[bryant.coleman]

The advantage with Bitcoin is that you just need a smartphone and internet connection to transfer money. And this can be a big boon in many parts of Africa, where banks are located tens of km away from the villages. I personally know one incident of an African immigrant living in Singapore. He pays around 15% of the amount as fee to Western Union / Moneygram to send remittances to his home village. And his father needs to travel 40 km to the nearest city, in order to receive that money from the WU branch. Bitcoin can make a lot of difference for people like him.

The only thing that bothers me is the level of corruption and bureaucracy that exists in African nations. Almost all the nations there are yet to legalize Bitcoin, either as an investment asset or as a currency. Some local exchanges operate in countries such as Kenya and South Africa, but they are still operating in the grey zone and there is no guarantee that the authorities will tolerate them in the long term.

[Oyarebu]

but Africans seem just interested by BTC, few of them use the BTC!

https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/

We need Bitcoin in my.country because it.is the money for the masses. Africans need cryptocurrency to fight the corruption.of the government.

I don't know for sure that crypto can fight corruption or not but I still know it can become a tool to limit the management and movement of large amounts of black mone, Africa's society will probably be more chaotic since that moment, the moment that crypto is disseminated and applied legally. And with some negative scenarios, bitcoin is not something Africa needs, what Africa needs is a charity, even some plans to improve the social and government apparatus, this change will last but it will certainly change Africa when the source of the disease is here

Basically Bitcoin can fight corruption that's why you have it as a decentralized cryptocurrency and not centralized one like our fiats which the government have been using to steal from the gullible. If only Africans will adopt the technology there will no room for transparency as we have seen in the past. Its time to hold our leaders accountable and this can be done with the use of cryptocurrency which uses Blockchain technology, with this be rest assure that, corruption will be a thing of the past but is not, Africans will continue to into perpetual  slave  ground for inhabitants.

[Oyarebu]

Exactly. That's the point. Africa need not only bitcoin but  our political leaders who are corrupt and old and still ruling. It sometimes so sad that we have all these people on our continent.

You have a.point there, there should be a political metamorphosis in the Africans politics, with this will can say that Africans are ready for the challenge of involving themselves into the digital world. We have been slave in our own country and with Bitcoin been accepted the freedom will be sure but will these old illiterate allow us the youth to take the bull by the Horn? They have already been saying that Bitcoin is a ponzi scheme, what a shame to our political leaders.

[mazdafunsun]

In regions where bank infrastructure is very week or non existence , that includes debit and credit card payment links, crypto could be a huge boost to the economy. But there is a huge obstacle, those regions also have a bad internet coverage and people do not own smartphones.

[yoseph]

In regions where bank infrastructure is very week or non existence , that includes debit and credit card payment links, crypto could be a huge boost to the economy. But there is a huge obstacle, those regions also have a bad internet coverage and people do not own smartphones.

In recent times in my country Ghana, the governement has started what it claims to be the cleanup of financial sector which has made a lot of banks to be closed because they claim they were insolvent and has lead to the major job losses and because of that, the customers of the supposed banks have had all their savings gone in an instant.

[bitcon]

Exactly. That's the point. Africa need not only bitcoin but  our political leaders who are corrupt and old and still ruling. It sometimes so sad that we have all these people on our continent.

Why do people here speak about Africa? It is the continent, and in some African countries, Bitcoin is widely used, whereas the other ones are so poor that their people do not have even water and electricity. The cryptocurrency will never come to them until the life level is changed. I doubt very much that it will happen in the nearest 50 years. Some guys from these countries (including their government) do not even think about global changes.

[iMark]

In regions where bank infrastructure is very week or non existence , that includes debit and credit card payment links, crypto could be a huge boost to the economy. But there is a huge obstacle, those regions also have a bad internet coverage and people do not own smartphones.

In recent times in my country Ghana, the governement has started what it claims to be the cleanup of financial sector which has made a lot of banks to be closed because they claim they were insolvent and has lead to the major job losses and because of that, the customers of the supposed banks have had all their savings gone in an instant.

Yeah the main obstacle of all of that is the factor of poor technological resources. there is no internet network in most of the african countries. banks can grow because people don't need the internet to save money, but bitcoin needs a lot of resources that are not owned by many people there

[raidarksword]

Both charity and bitcoin are highly recommended in my opinion. Since Africa deserves being given a charity as basic needs on daily usage, we might also consider to teach them and give them awareness on how bitcoin works so that they be able to use it on daily basis as well.