Bitcoin is gaining momentum in Africa - page 10.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: Yamifoud on October 06, 2017, 06:53:19 PM

Quote from: [email protected] on October 05, 2017, 12:27:58 AM

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone! Wink

Is just the way bitcoin spreaded around the world, everyone have chances to boost this kind of technology into greatness and be known to everyone. Since Africa had successfully launched their bitcoin exchange, it could be another achievement of bitcoin and it could attract their people to used and invest bitcoin.

People in Africa will surely be a great opportunist in bitcoin because that is the first step to promote bitcoin, is to make an exchange of bitcoin and if the people in Africa will realized that bitcoin is a great opportunity to take then they will surely work hard on it and they will earn bitcoin and use it to their will and they will have a fortune because of bitcoin and that is for sure.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: [email protected] on October 05, 2017, 12:27:58 AM

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone! Wink

Is just the way bitcoin spreaded around the world, everyone have chances to boost this kind of technology into greatness and be known to everyone. Since Africa had successfully launched their bitcoin exchange, it could be another achievement of bitcoin and it could attract their people to used and invest bitcoin.

eternalgloom

legendary

Activity: 1792

Merit: 1283

People in Africa also make use of phone credit to make small payments to each other locally and if they want to send or receive money from family oversees they usually have to wait hours in the line at bank or Western Union.

No wonder that they're also turning to Bitcoin, when they get more and more access to the internet at remoter places, Bitcoin will certainly become even bigger there.

dondexter

full member

Activity: 180

Merit: 100

Great to hear. Always good for the bitcoin community when more countries accept bitcoin.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

I do not know much about bitcoin development in africa, but I read many articles that prohibit the use of bitcoin especially in south africa and niger. Developments that I know come from cryptogenie projects that focus on the African continent, I hope will encourage great development because of the many problems of poverty that must be solved better.

jack1111

hero member

Activity: 924

Merit: 500

I have some friends in Egypt, Bitcoin is widely used there, but I do not think they need to buy it from foriegn company since there are some traditional exchanges that buy/sell Bitcoin.

777Bitcoin

full member

Activity: 140

Merit: 100

Quote from: OmegaStarScream on October 05, 2017, 02:36:08 AM

I'm from Algeria and I can say this is absolutely irrelevant to most of the Africain countries even though they claim otherwise, the currencies are only displayed in NGN, a verification process is needed and BVN is required which is a scheme introduced by the Central Bank of Nigeria, the site have both buying and selling listings from the same person (only one) so I don't really see how there is much demand or how this exchange is meant to be for Africa If they only support Nigeria.

Thanks mate for that information, at first reading the tittle I would like to congratulate them(those African members).
But it seem OP is just exaggerating it or he is so excited for here country to be on the level we’re bitcoin is accepted much to other country. But still hoping that bitcoin will be accepted and be spread through out this world. In Africa and in all country for them to experience the best thing in they’re life.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: ?? on ??

I think so Bitcoin is gaining momentum in Africa yesss

Is that your way of showing to the world that you are too dumb to write a post and all you can do is copy the topic?

The problem with cryptos in Africa is that there's not much Internet coverage in there, even cell phone reception is very limited. This will make us wait years before it becomes a real market for cryptocurrencies.

GoodForGood

newbie

Activity: 311

Merit: 0

Quote from: [email protected] on October 05, 2017, 12:27:58 AM

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone! Wink

This is interesting news. As far as I know, various digital services are actively developing in Nairobi. I hope that the popularity of bitcoins and the opportunity to use ISO will help African countries to improve their infrastructure.

Zorbak

member

Activity: 167

Merit: 10

Actually talking with a friend who lives in Africa and he told me a lot of people getting interested due of bank fee, when they have to wire money from bank fees are crazy.

grermezter

sr. member

Activity: 434

Merit: 250

Quote from: deadsilent on October 05, 2017, 02:06:27 AM

Guess Africa don't wanna be left behind. Many big countries adopted this technology. If African countries are going to adopt this technology. Why not? I heard bitcoin in Nigeria is very popular. Then i searched google about this. Over 100,000 merchants are now accepting bitcoin as mode of payment. They are really relying on bitcoin since it's the fastest and yet affordable way for sending money. http://www.oyibosonline.com/over-100000-merchants-in-nigeria-now-accept-bitcoin-payments/
Also it can change their lives because bitcoin is not just a tool for money transferring but also a good form of investment. Most African countries are suffering because of poverty. Maybe it can be a way to make their lives comfortable.

I am in African and most Africans are not saving their bitcoins so that they could profit when the profit jumps, they are rather using it to purchase goods and commodities online since they can't do it with credit card due to most online stores not accepting orders from Africa due to fraudulent activities. When buying with bitcoins the orders will not flagged as fraudulent irrespective of one's location.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: [email protected] on October 05, 2017, 12:27:58 AM

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone! Wink

This is a good news on African region. And it's good to know that there are Nigerian developers that are into bitcoin I know it will not be an easy challenge to them there since the community there is not believing on bitcoin. But this is just the start of it, after raising the awareness about bitcoin in that place then many will start to get into bitcoin and it will reflect to the demand of bitcoin in that region.

DoublerHunter

hero member

Activity: 2590

Merit: 644

The bitcoin will be a huge help for the country of Africa because it will open a lot of opportunities for the african people to earn money through bitcoin and if bitcoin will be good to their country then it will start to clear the poverty in that country because it has a lot of opportunities that is just waiting for the people to grab in order to change their lives.

Prodigan786

sr. member

Activity: 434

Merit: 250

It’s really good move since there is some countries banning bitcoin exchanges some other coming up with new solution for crypto currency . But I think .africa domain looks quit odd for me they should have use some popular domains.

ice18

hero member

Activity: 2492

Merit: 542

This is a good news to all Africans who are willing to adopt bitcoin technology as another currency is the website currently like bitcoin buy and sell exchange site? or just like localbitcoins.com?

peter0425

sr. member

Activity: 2618

Merit: 439

Quote from: [email protected] on October 05, 2017, 12:27:58 AM

Africa is covered by demand for crypto-currencies !!!

Now Bitkoin.Africa allows customers from all African countries to buy bitcoins, quickly and without problems.
Nigeria became the first country to exchange P2P digital assets, seeking to facilitate access to bitcoin throughout the African region.
Bitkoin.Africa was launched by a team of Nigerian developers on October 1
Have a nice day, everyone! Wink

This is a welcoming news and it just shows that bitcoin is really hard to stop right now and that's why a lot of nation is talking about it recently. But I would just like to question if Africa is really prepared for this tsunami? Have they setup their infrastructure already? Internet and Electricity is there? Because if majority of Africa has so many problems that they are facing then how they gonna adopt bitcoin? They should priority like food, shelter and water before bitcoin can really be useful in the whole of Africa. IMHO. So I'm still a little skeptics that the continent can adopt it immediately.

kevoh

full member

Activity: 448

Merit: 110

Quote from: OmegaStarScream on October 05, 2017, 02:36:08 AM

I'm from Algeria and I can say this is absolutely irrelevant to most of the Africain countries even though they claim otherwise, the currencies are only displayed in NGN, a verification process is needed and BVN is required which is a scheme introduced by the Central Bank of Nigeria, the site have both buying and selling listings from the same person (only one) so I don't really see how there is much demand or how this exchange is meant to be for Africa If they only support Nigeria.

The currencies are displayed in NGN because the initiator had only Nigerians in mind and was still dumb enough to pick a domain name extension with afrika. It's like someone thinking big but acting small .I have also been to the site, it looks like the regular Nigerian bitcoin exchange site, nothing special, with the addition of BVN as an extra security feature.

kevoh

full member

Activity: 448

Merit: 110

Bitcoin (Cryptocurrency)in Nigeria is still a mirage. There are a lot of skepticism among Nigerians on using bitcoins and cryptocurrencies in general due to the recent wave of bitcoin related Ponzi schemes that swept the country in the past few months with a lot of folks losing their cash. Well that's what you get for being greedy. There is also another scam coin called THE Billion coin (TBC) which has a similar initials to bitcoin (BTC) hence people get apprehensive when Bitcoin is mentioned.

On the other hand, there is a growing number of (smart) Nigerians who are aware and have adopted bitcoin and making profits.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

I can say this is absolutely irrelevant to most of the Africain countries even though they claim otherwise, the currencies are only displayed in NGN, a verification process is needed and BVN is required which is a scheme introduced by the Central Bank of Nigeria, the site have both buying and selling listings from the same person (only one) so I don't really see how there is much demand or how this exchange is meant to be for Africa If they only support Nigeria.

suvo05

sr. member

Activity: 1162

Merit: 260

Not only in Africa bitcoin is gaining momentum everywhere in the world. Still I think Crypto currency market is in the initial stages , only few people in the world know about it. So the demand of bitcoin will go higher and higher day by day, as new people connecting everyday.

Topic: Bitcoin is gaining momentum in Africa - page 10. (Read 2409 times)