Topic: Africa needs bitcoin, not a charity (Read 940 times)
I am from African and I think we really need crypto especially in some country like Nigeria. The standard of living in Africa is low. There are so many people living in abject poverty. Crypto can provide opportunities for living for people and also create a lot of jobs. Although for now, many people in Africa only using crypto for pyramid schemes which government has fumed about. Hopefully we shall see more adoption and real usage scenario like paying for local good and services using Crypto
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
Lol, I guess you don’t know Africa too well or you have never even visited any part of Africa that much, Google it yourself, you will see the high rate of internet usage in Nigeria, and if they all know and keen about technology also, you will know that crypto is nothing to them. Look at the smart phones that we use.Aside the apple that the Americans are all crazy about, Africans are the ones that uses these smart phones more, and reason for holding these sophisticated smart phones is mainly to be able to browse the internet well through it and see some technologies through some software’s that is need to be downloaded through the internet,. Don’t under rate Africa when it comes to cryptocurrency because the acceptance there also is becoming high.
As for me in very poor areas of Africa, crypto cannot be successfully applied. Charity, in turn, provides support for the poor and needy Africans. Perhaps you mean to do charity based on the blockchain?
This is completely true. You just cannot say that Africa needs Bitcoin. There are people who don't have even have a phone. This will never work until Africa is developed like Europe today. I think that charities are still a better option for now.
dont under estimate them , africa is now a fruitful country . people have been educated and given some resources that they can be used to improve thier living . this why they dont need a charity because people on this country are not totally injured or have been devasted by strong calamities . giving them a bitcoin or teaching them stuffs related to bitcoin can go along way than giving them instant relief such as fiat or foods .
Africa needs to start developing infrastracture by itself not via help from other world
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.
Africa was being given charity for decades and they are still in need. They are going to be in need no matter how much money you throw their way. They need to be ruled by smart people who will know how to make money of the land and industrialize the area.
Teach them how to fish instead of giving them the fish.
factor that should be changed up for this country to progress.
Its impossible for this country not to have resources to be utilized for making out money or do give out jobs but well the sad reality on the current situation
of Africa is on its government itself.
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.
Africa was being given charity for decades and they are still in need. They are going to be in need no matter how much money you throw their way. They need to be ruled by smart people who will know how to make money of the land and industrialize the area.
Teach them how to fish instead of giving them the fish.
Bitcoin is a digital asset, which normally go online peer to peer decentralized currency. Hence it we required an educated person to operate in bitcoin here in the Africa, which, many country has know BTC, while few African country don't know bitcoin.
As for me in very poor areas of Africa, crypto cannot be successfully applied. Charity, in turn, provides support for the poor and needy Africans. Perhaps you mean to do charity based on the blockchain?
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.
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.
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.
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. 
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.
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. 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.https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/
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.
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.
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.
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.https://news.bitcoin.com/why-africa-continues-to-lag-behind-in-cryptocurrency-adoption/
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.
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.
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 .
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 .
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