BITCOIN IN AFRICA - page 6. | Bitcointalksearch.org

Emmami@758

newbie

Activity: 42

Merit: 0

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?

in Africa has no good facilities for doing business. here people earning money but it is sufficient to their daily needs. that country people earning money it is enough to their needs. so they have no chance to earn bit coin. if they earn they did not keep in wallet because they have to use for their daily needs only. so in my point of view Africa is not good to keep hold bit coin.

warrior333

sr. member

Activity: 406

Merit: 253

You contradict yourself. If Africans are experiencing problems with the economy that people earn little. This means that their income is enough only for most necessary things and they have no opportunity to save money for a rainy day. The only way for them to be able to stay afloat is earning bitcoins but they will not be able to hold them because they need money to live.

peter0425

sr. member

Activity: 2618

Merit: 439

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?

Here, maybe this can help you out:

List of African Bitcoin & Cryptocurrency businesses / services -> https://bitcointalksearch.org/topic/list-of-african-bitcoin-cryptocurrency-businesses-services-2154185

And as amTom123 has pointed out, bitcoin is Zimbabwe is skyrocketing to an astounishing $7K per bitcoin. Why? Because of the hardship and the economic crisis they are in at the moment, everyone is hoarding because they are thinking that there will be a lot of shortage of important things like food, water and fuel. And now they are hedging the situation buy hodling ar hoarding bitcoins. There failing economy will take years to improved, however the people thinks that they reverse it quickly by going into the ecosystem and buying bitcoins. So in times of economic crisis, bitcoin has provided a safe haven to store their wealth and value to buy outside their country like Venezuela's did right now or just simply having their wealth safe.

iamTom123

hero member

Activity: 490

Merit: 501

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 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. Whenever a government and economy has big problems, you can expect that Bitcoin can be playing some roles that can help the people deal with bad news and difficulties. We have seen this in Venezuela and their experience can be replicated anywhere where there are conflicts and economic meltdowns.

Bitcoin is now booming in Asia and I am expecting that soon the whole of the African continent can be teeming with positive news relative to Bitcoin and cryptocurrency. This is the location where Bitcoin can be tested to the limits and I am sure that Bitcoin would pass with flying colors.

Africa..welcome to the Bitcoin Club!

Nana1

newbie

Activity: 85

Merit: 0

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

Topic: BITCOIN IN AFRICA - page 6. (Read 2145 times)