Africa - Hidden Treasure for the world and bitcoin

[Wysi]

When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

[NathanJB]

When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

The condition of the African continent is really pitiful. More than just Bitcoin or even blockchain, the Africans should try to revisit their very basic personal values and cultures. I don't think Bitcoin or blockchain can address the most pressing issues of the land. There is widespread poverty, corruption, wars, illiteracy, lack of basic needs, warlordism, and many more social, political, and economic problems. Africa is blessed in terms of natural resources but look at how they fare in their daily lives. They should learn to unite and move forward as one blood. Right now, the foreign companies and governments are exploiting their resources indiscriminately without even improving the lives of those people around.

[AniviaBtc]

When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

The condition of the African continent is really pitiful. More than just Bitcoin or even blockchain, the Africans should try to revisit their very basic personal values and cultures. I don't think Bitcoin or blockchain can address the most pressing issues of the land. There is widespread poverty, corruption, wars, illiteracy, lack of basic needs, warlordism, and many more social, political, and economic problems. Africa is blessed in terms of natural resources but look at how they fare in their daily lives. They should learn to unite and move forward as one blood. Right now, the foreign companies and governments are exploiting their resources indiscriminately without even improving the lives of those people around.

That's true, there is another issue other than bitcoin and blockchain that they need to overcome. Not only implementing cryptocurrenct but also their economic problem and basic personal needs. They are rich in natural resources but it is not well distributed and many are still suffering. Fixed and overcome first those basic problems and the bitcoin will follow. It is surely a hidden treasure for bitcoin and economy but help them first.

[Wexnident]

Africa could actually have a great venture with BTC since they have pretty much the market to accomodate its entrance plus it could greatly help the current economy they have. It is quite pitiful that the government doesn't start helping since the venture of letting africa improve is very difficult. In their eyes that is.

[error08]

There are many countries in the African continent, which countries you referring to?
Countries in North Africa and the South African Republic seems not classified as a poor country.
The main problem is every country has its own fiat currency, why bother to accept volatile bitcoin as payment? They would rather accept dollars than bitcoin.

[tenakha]

When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

Bitcoin's usefulness in the economy is that it is limited and everything is in front of the eye. How do you think BTC can help any country that can not mine its natural minerals? I am sorry, but I think the BTC is capable of providing other benefits to the economy. Making some decisions by governments could improve its economy. If so much minerals lies beneath the soil, the only culprit is the government.

[BitHodler]

It is quite pitiful that the government doesn't start helping since the venture of letting africa improve is very difficult. In their eyes that is.

I don't think the government elite in African countries think it's very difficult to improve the economical situation there, but just that it will cost a lot of money.... money they rather enrich themselves with.

It has been happening for decades now that African countries have been going backwards economically despite the potential that has always been there.... people there need less government to improve, not more.

[ecnalubma]

There are a lot of problem needs to fixed in Africa including social, polical and cultural. The people should unite as one, give importance to their cultural values and stop the hatred that resulted to long ethnic wars. Naturally Africa is very blessed continent in terms of natural resources, they just have to fight for it for their benefit Blockchain is just a bonus.

[Yaunfitda]

It is quite pitiful that the government doesn't start helping since the venture of letting africa improve is very difficult. In their eyes that is.

I don't think the government elite in African countries think it's very difficult to improve the economical situation there, but just that it will cost a lot of money.... money they rather enrich themselves with.

It has been happening for decades now that African countries have been going backwards economically despite the potential that has always been there.... people there need less government to improve, not more.

What do you expect? The continent has been exploited for a century now, and to be able to get back on track, it will take centuries as well. And the problem is that as the economic and political turmoils sinks, and so as their hope of revival.

Government officials are corrupt, rich getting richer, and the poor become poorer. That's the sad state of Africa, although many inter-cooperation from other countries to help them alleviate their problems, it might takes years and years just to rehabilitate them.

[hello_good_sir]

When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

It's a country with huge amounts of potential, and they definitely have a shit-ton of natural resources, and we can see them living up to their potential in recent years, due to the constant growth in GDP.

Even though Africa has one of the biggest populations, and has a lot of people in it using BTC as a payment option and storage of value, their biggest problem would be infrastructure. It's being conquered by the companies working there, and the government haven't really been of much help and haven't really been able to help people there - mostly relying on governments.

[alyssa85]

The condition of the African continent is really pitiful. More than just Bitcoin or even blockchain, the Africans should try to revisit their very basic personal values and cultures. I don't think Bitcoin or blockchain can address the most pressing issues of the land. There is widespread poverty, corruption, wars, illiteracy, lack of basic needs, warlordism, and many more social, political, and economic problems. Africa is blessed in terms of natural resources but look at how they fare in their daily lives. They should learn to unite and move forward as one blood. Right now, the foreign companies and governments are exploiting their resources indiscriminately without even improving the lives of those people around.

Africa is a giant continent, and some parts of Africa are doing extremely well.

Kenya is growing extremely fast - 5.6% per annum:

https://tradingeconomics.com/kenya/gdp-growth-annual

It's only the countries around the Sahara that are doing badly for obvious reasons (no water, extreme heat).

[target]

Blame it to the country that is backing these corrupt government officials. There is an election to these African countries but most of the time the officials who won are the ones that really are corrupt and this has been going on to poor countries. It will took them centuries to finally see the truth they are lied and manipulated believing EU had helped them. For bitcoin and blockchain to be able to help, they wold have to fix the government first otherwise it will still be mess.

[blckhawk]

I think that what sets back Africa from improving their living is primarily because of corrupt practices, not only within their government but other countries that pressures them and uses their resources to their advantage while still making Africa's economy down. Capitalists rule the country for natural resources, and leaders blinded by greed and do decisions for his own good rather than for the people is what's stopping a country to thrive.

Bitcoin could help but on government level first, normal people can't have access to the tools used to even know what it is. It could be used for transactions outside of their country. But as stated earlier, you can't solve the problem if the leader who is suppose to act, does not even want it because of greed.

[dimonstration]

There are a lot of problem needs to fixed in Africa including social, polical and cultural. The people should unite as one, give importance to their cultural values and stop the hatred that resulted to long ethnic wars. Naturally Africa is very blessed continent in terms of natural resources, they just have to fight for it for their benefit Blockchain is just a bonus.

Their should be someone in every government in Africa who have knowledge in technology to be able for them to use their resources, they should use their resource for their peoples benefit. Applying blockchain can help if it's really designed to benefit every country in Africa. Someone who is smart enough to explain and show it's potential for their continent can make a big change in their today's status.

[Ayiranorea]

This is true, Africa is the continent which is covered with natural resources. The lack of governance and the divide and rule system made them to suffer. Finally to evade the natural resources the first world countries created fight within them based on religion and other issues. If the natural resources were used, or channeled in the right way Africa might have stood strong in its economic development. Even now there are people who are good enough and wealthy enjoying good health and wealth in a better margin than the grown countries.

[Suslived]

When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

I agree with you, with a robust and efficient payment such as bitcoin, surely there is so much room for Africa's economy to grow. If not for the novelty of bitcoin alone, there will be for sure a lot of demand to buy Afrcian exports and products.

Africa has so much potential and is really cool, except it's so hot.

[bering]

Africa just like a sleeping giant because they natural mineral such as gold, petroleum, natural gas and copper were available to mine in africa with unlimited supply but why most of their citizen so poor until now and i heard too the corruption was very bad at there and indeed they're very potential for crypto market but as most of countries at there were dominated by poor countries so they don't have facilities such as internet connections to support crypto development

[audaciousbeing]

When we hear about Africa most of us assume about the poverty or unemployment but honestly the kind of natural minerals they reserve they could be one of the richest nation but the problem over there is that neither government nor the citizens get benefited by their natural reserves due to warlords occupying it but do you think if government takes stern step and utilize the resource in the appropriate way and accepts bitcoin as a payment mode for exports then Africa can bloom again and this will help bitcoin if those products can be purchased using bitcoin so it will increase the trade which will benefit them in their GDP and will increase the demand for bitcoin thus triggering the price pump.

I don't know which Africa you talk about but the African countries I know that have the numbers to make the push are not ruled by warlords. For example South Africa is not rule by a warlord, Nigeria which is the most populous African nations is not also rule by a warlord the same goes for Ghana among other countries. The problem with Africa is the lack of adequate leaders and the structures is not enough to push for the expected change. Majority of African countries didn't get independence until the 1940s-1960s where USA has had hers for centuries and they have been developing and putting structures in place till this day and other advanced countries across the world. Until when this fundamental things are put in place, Africa will still be rallying within the same space but with time, it get to achieve its goals.

[airdnasxela]

I do believe as well that Africa is a very rich country when it comes to natural resources. It may seems like a poor country, it's because they lack of development. But if they were to utilize their resources very well, they can really make improvements about their economy. But I don't think that bitcoin will be the main purpose for their development. Because if their government knows how to maximize what they have, they can make an improvement and development even without bitcoin. Bitcoin is just an additional to a country's technological development.

[clickerz]

There are a lot of problem needs to fixed in Africa including social, polical and cultural. The people should unite as one, give importance to their cultural values and stop the hatred that resulted to long ethnic wars. Naturally Africa is very blessed continent in terms of natural resources, they just have to fight for it for their benefit Blockchain is just a bonus.

Their should be someone in every government in Africa who have knowledge in technology to be able for them to use their resources, they should use their resource for their peoples benefit. Applying blockchain can help if it's really designed to benefit every country in Africa. Someone who is smart enough to explain and show it's potential for their continent can make a big change in their today's status.

I think there are several blockchain projects in Africa before, I wonder what happens.What we really need right now is really an adoption and Africa is a very good candidate to utilize this new financial technology.They are an emerging market and also has exploding mobile user growth which means millions can use this mobile/crypto wallet and explore its potential,ease of use,and convenience.The African continent can really benefit from this technology.