BITCOIN IN AFRICA - page 4. | Bitcointalksearch.org

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: Nana1 on April 14, 2018, 04:53:39 AM

Quote from: stompix on November 29, 2017, 07:59:07 AM

Quote from: yojodojo21 on November 29, 2017, 06:07:06 AM

Since Africa is one of the biggest/widest continent it is possible that they have exchange sites but legality of bitcoin in that country is a broad issue. "Nigeria" that is where my friend is he also use bitcoin but not sure at all if transactions through bitcoin is allowed.

So we measure continents by "wide" ? Are we talking about continents or TVs?
Africa excels in one thing, the poorest of the poor.
No matter how many Africans are there, if they have only 2$ to spend a day they will fall behind the rest of the world.

Just a heads-up!
Africa 1.3 billion people, gdp 3.3 trillion , Germany 80 millions citizens, gdp 3.5 trillions.

Quote from: iamTom123 on October 20, 2017, 08:59:29 PM

I don't have a list of countries where Bitcoin is currently being used (buying and selling) but lately I read that it is becoming popular in Zimbabwe and that just makes sense.

How can that make sense?
People in Zimbabwe earn around 1000$ per year.
How could they afford to pay 5$ per transaction to use BTC ?

Stop displaying your ignorance. The richest black person in the world is not from America or UK but Africa. There are many Africans who have the capacity to invest in Bitcoin.

Wow, the richest black person is from Africa and not Europe.
I'm willing to bet that the richest white person is not from Africa but from the western World.
And that the richest Japanese guy is from Japan.

Let me tell you how ignorant you are:
Africa GDP: $3.3 trillion population 1.3 billion.
Eu GDP: $17.1 trillion population 500 millions
Us GDP: 18.57 trillion population 325 millions

Bottom line is that the western world (without Canada)...omg Darkstar_ is going to kill me ......with 2/3 the population has more than 11 times money at their disposal.
That brings us to final ratio of 16:1.

Just because there is a millionaire in every god forsaken country it means nothing.

Don't run away from reality, unfortunately that's the truth, people in poor countries can't match what people in wealthy country have at their disposal. My country is 2 times as big as the Netherlands but when we come to what we can afford compared to them we're miles away, and this while still being part of the EU.

And what is worse, the difference is just going to get worse in terms of bitcoin adoption, poor people that don't have money to buy bitcoin now, they won't have money to buy after 5 years either.

Nana1

newbie

Activity: 85

Merit: 0

Quote from: stompix on November 29, 2017, 07:59:07 AM

Quote from: yojodojo21 on November 29, 2017, 06:07:06 AM

Since Africa is one of the biggest/widest continent it is possible that they have exchange sites but legality of bitcoin in that country is a broad issue. "Nigeria" that is where my friend is he also use bitcoin but not sure at all if transactions through bitcoin is allowed.

So we measure continents by "wide" ? Are we talking about continents or TVs?
Africa excels in one thing, the poorest of the poor.
No matter how many Africans are there, if they have only 2$ to spend a day they will fall behind the rest of the world.

Just a heads-up!
Africa 1.3 billion people, gdp 3.3 trillion , Germany 80 millions citizens, gdp 3.5 trillions.

Quote from: iamTom123 on October 20, 2017, 08:59:29 PM

I don't have a list of countries where Bitcoin is currently being used (buying and selling) but lately I read that it is becoming popular in Zimbabwe and that just makes sense.

How can that make sense?
People in Zimbabwe earn around 1000$ per year.
How could they afford to pay 5$ per transaction to use BTC ?

Stop displaying your ignorance. The richest black person in the world is not from America or UK but Africa. There are many Africans who have the capacity to invest in Bitcoin.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

Quote from: Nana1 on October 19, 2017, 09:14:24 AM

Which African countries allow Bitcoin transactions? Is Bitcoin currently used to purchase items in any African country?

As far as I know still bitcoin not implemented in africa well it's just my opinion though , but I think african countries seems fine they rich and has a good economy. I'm not aware on this but here's an article that i've read feel free to look at.

Link: https://cointelegraph.com/news/an-african-revolution-being-borne-of-the-back-of-bitcoin-and-blockchain

Lasvista

full member

Activity: 396

Merit: 104

Quote from: Nana1 on October 19, 2017, 09:14:24 AM

Which African countries allow Bitcoin transactions? Is Bitcoin currently used to purchase items in any African country?

Well I think in the near future sooner or later it would happen and it could positively happen though , because african country has a economy friendly which is there would be no problem on implementing bitcoin or legalizing the bitcoin.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: Kemarit on December 02, 2017, 05:12:00 AM

The way I saw today, Africa will be the next continent to be conquered by bitcoin. The only reason it will be difficult though because of their infrastructure. They have to put a better internet connections because they can actually used bitcoin and crypto. But some of the countries like Nigeria have been adopting bitcoin fairly quick. I think they are leading of amongst the top bitcoin users/traders in their. Again, with the vast population of Africa, each one of the government should step up their infrastructure program so that bitcoin can fully grow in their. We all know how bitcoin help South East Asian 3rd world countries to earn and make a decent living out of bitcoin. That model could also be adopted in Africa. Maybe along the 5 year mark bitcoin will be recognize more in that continent.

Yes, it could happen. But first people must learn how to use Crypto-Currency without wasting money with Ponzi HYIP investments. Also, Africa is a very poor continent, internet access there is limited for many people, what would affect a lot Bitcoin's adoption. The situation there is very complicated, too many conflicts in many countries, what makes the concrete development almost impossible to be achieved.

And in Africa it is already happening an interesting phenom. Bitcoin price there is much more expensive than at rest of the world. Seems the rich ones there are already ruling/controlling the market... Did Bitcoin experience in Africa fail?

Taltic

newbie

Activity: 35

Merit: 0

Zimbabwe was user friendly

The ''government'' use it, but there is a total chaos in that country.
Inflation and sanctions caused escape to crypto.

Gotumoot

sr. member

Activity: 1372

Merit: 261

Quote from: Nana1 on October 19, 2017, 09:14:24 AM

Which African countries allow Bitcoin transactions? Is Bitcoin currently used to purchase items in any African country?

I think in the near future but for now people on the africa still a tribal or not a modern country the internet through africa seems low and not fast though so definitely people on africa don't know what is bitcoin. And lack of knowledge I guess , but surely sooner or later all of us would be a bitcoin users.

Granxis

hero member

Activity: 1400

Merit: 536

In Africa, the Internet infrastructure is not enough, only the mobile Internet is available in Africa. The use of the Internet may vary according to some regional conditions. But perfect internet connection is essential for Bitcoin use. Africa will be even better in the coming years.

lili song

hero member

Activity: 980

Merit: 509

I think bitcoin in africa many people use for transactions. But as I know the government not legalized yet.
But most of people in africa will familiar use bitcoin for their transactions. So in the future, if their government legalized bitcoin it will easy for them to use bitcoin in their life for investment and transactions.

newwest

member

Activity: 686

Merit: 26

★777Coin.com★ Fun BTC Casino!

Quote from: treather on November 30, 2017, 11:35:22 PM

African countries have embraced bitcoin. There is no regulation, and a lot of businesses have adopted it as a faster and cheaper means of sending funds abroad. There is no regulation at all as most African governments are yet to come to grips with it.

I think this is the case with majority of the countries in the world as they have not given proper guidance or framed the laws regarding the bitcoin as such are they supporting it or banning it form their country. They are still under observation it seems due to which the taxation policy is also not being framed.

Felix1

newbie

Activity: 24

Merit: 0

With Bitcoin the people of Africa can become their own bank where they do not need to queue to withdraw their money. With Bitcoin Africans can make their purchase from anywhere in the world where Bitcoin is accepted. Also those in Africa who have families abroad can send them money within minutes. The transaction fee is very low compared to those incurred using traditional fiat currency.

RealKhan

newbie

Activity: 34

Merit: 0

The largest mobile digital payments transfer market in the world is based in East Africa (Mainly between Kenya, Tanzania and Uganda) with over 6 Billion Transactions per year. Suffice to say that the Fintech industry is booming in Africa.A good number of Bitcoin and Blockchain start ups hAside from speculation, the most valuable use case from cryptocurrencies is typically payments, especially cross-border payments.

Kemarit

legendary

Activity: 3080

Merit: 1353

The way I saw today, Africa will be the next continent to be conquered by bitcoin. The only reason it will be difficult though because of their infrastructure. They have to put a better internet connections because they can actually used bitcoin and crypto. But some of the countries like Nigeria have been adopting bitcoin fairly quick. I think they are leading of amongst the top bitcoin users/traders in their. Again, with the vast population of Africa, each one of the government should step up their infrastructure program so that bitcoin can fully grow in their. We all know how bitcoin help South East Asian 3rd world countries to earn and make a decent living out of bitcoin. That model could also be adopted in Africa. Maybe along the 5 year mark bitcoin will be recognize more in that continent.

sweetstakes

newbie

Activity: 14

Merit: 0

I saw how the internet came through a village in West Africa from 2010 to 2012. It was awesome. Started with nothing, then one crappy internet cafe, then these cool dongles came along, and then smart phones started showing up. It ended up being a much more mobile internet than what is found in other regions. I can't wait to see how crypto makes its way through!

bosede1

member

Activity: 714

Merit: 16

As far as I know here in Nigeria bitcoin is getting recognition at least bitcoin transaction here on there even campaigns are made for it. The kind of purchase you meant here am not clear with it but yet you can see people doing transaction with bitcoin. But African countries are getting awareness about this

Slow death

legendary

Activity: 3234

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: Lancusters on December 01, 2017, 06:44:28 AM

Lol. Do you think that in remote villages have Internet?

Even in my country that is poor in all the remote villages has internet access

Quote from: Lancusters on December 01, 2017, 06:44:28 AM

I am sure that there is not even electricity.

in all the villages of my country have electricity, do you imagine in the other countries of Africa that are richer than my country? This is to say that you need to travel to Africa before making certain comments.

Quote from: Lancusters on December 01, 2017, 06:44:28 AM

I do not believe that bitcoin will ever be used by people who do not know how to read and write.

I also believe in this

Africa has thousands of people with internet access, the problem is that there are few people who talk about bitcoin, many Africans are not interested in making money online, so bitcoin is not very popular in Africa, but say about facebook, so you will see that many Africans use Facebook

audaciousbeing

hero member

Activity: 1330

Merit: 569

Africa has a long way to go because of the basic infrastructure that needs to be put in place in other to use bitcoin in terms of internet, electricity and basic education but at the same time, that does not remove the fact that for the few population that are involved, Africa has put itself in the scheme of things where you get to enjoy your earnings with little or no interference at least in the short while.

Today, we talk about projects and sites relating to bitcoin excluding some citizens of some certain countries but not in Africa. Yesterday I read about court ordered Coinbase to release information of those who have made transactions on their platform and this is not happening in Africa which shows how receptive Africa is to bitcoin at this time.

Quote from: Lancusters on December 01, 2017, 06:44:28 AM

Quote from: kris_wolf on December 01, 2017, 06:26:12 AM

A great portion of Africa people do not have access to banking services. Because of the wild landscape and many remote villages, it is not easy for someone to go to the Bank. Bitcoin, does not need bank infrastructure, so it can be easily used wherever there is internet connectivity. More over bitcoin make payments and wallets available, wherever there is an internet connection.

Lol. Do you think that in remote villages have Internet? I am sure that there is not even electricity. Bitcoin is a digital technology and it is not available in countries with underdeveloped infrastructure. I do not believe that bitcoin will ever be used by people who do not know how to read and write. It's impossible.

Lancusters

sr. member

Activity: 630

Merit: 263

Quote from: kris_wolf on December 01, 2017, 06:26:12 AM

A great portion of Africa people do not have access to banking services. Because of the wild landscape and many remote villages, it is not easy for someone to go to the Bank. Bitcoin, does not need bank infrastructure, so it can be easily used wherever there is internet connectivity. More over bitcoin make payments and wallets available, wherever there is an internet connection.

Lol. Do you think that in remote villages have Internet? I am sure that there is not even electricity. Bitcoin is a digital technology and it is not available in countries with underdeveloped infrastructure. I do not believe that bitcoin will ever be used by people who do not know how to read and write. It's impossible.

kris_wolf

newbie

Activity: 31

Merit: 0

A great portion of Africa people do not have access to banking services. Because of the wild landscape and many remote villages, it is not easy for someone to go to the Bank. Bitcoin, does not need bank infrastructure, so it can be easily used wherever there is internet connectivity. More over bitcoin make payments and wallets available, wherever there is an internet connection.

treather

full member

Activity: 266

Merit: 102

African countries have embraced bitcoin. There is no regulation, and a lot of businesses have adopted it as a faster and cheaper means of sending funds abroad. There is no regulation at all as most African governments are yet to come to grips with it.

Topic: BITCOIN IN AFRICA - page 4. (Read 2145 times)