Maybe Elon Musk will save Africa. He wants to bring high-speed internet to the entire globe using Internet satellites.
https://bigthink.com/philip-perry/internet-access-for-all-how-close-are-we-to-a-global-high-speed-web
"A global system—in addition to getting those in the developing world hooked on the same service—will offer greater speeds, better communication between continents and a much lower latency rate than is currently available. Rural areas, especially in developing countries, have a difficult time getting internet access."
This plan would cut out the problem of needing to build expensive infrastructure around areas which have too few consumers to make such an investment worthwhile."
Topic: Poor Internet Services Could Cause Hamper Crypto Adoption in Africa - page 4. (Read 929 times)
October 17, 2018, 09:52:03 AM
October 17, 2018, 09:47:09 AM
poor internet is a problem of technological infrastructure, the role of government is very important in providing access for the community. technological developments that are so fast, forcing the world government to make this internet access as a secondary and even a primary need of a country.
October 17, 2018, 09:17:47 AM
Africa isn't "a large segment of the world economy",actually it's a relatively small part.I remember that the African GDP was more than 1 trillion USD,which is very little,for a continent populated with 1 billion people.
I think that Africa needs industrialisation first and then crypto adoption.Most of the african countries have 80% uneducated population of peasants,who can do only agricultural work.
I think that Africa needs industrialisation first and then crypto adoption.Most of the african countries have 80% uneducated population of peasants,who can do only agricultural work.
This is really a parochial statement reeking of sheer ignorance. The nominal African GDP as at 2017 is standing $3.52 trillion with a growth rate of 3.7%, and 38% of the population are actually uneducated as against a demeaning 80% you cited. African are doing great exploits across the world, even in their home country. While there are farmers, who are needed by the way for food security, there are also a lot of technocrats.
October 06, 2018, 03:15:28 PM
Corruption has been a major factor militating the growth of infrastructures in African, funds meant for the development of keys sectors like provision of electricity, internet facilities, water, good roads etc are being diverted by some scrupulous politicians, invariably all these had been hampering the growth of Cryptos in Africa. South africa, Nigeria, Kenya and few countries where Cryptos had made an inroad and had not really made too much impacts.
I agree with you, corruption has been a major reason why most Africa countries are still under developed. Most of the resources that should have been for the provision of basic amenities are being diverted by our corruptible politician. And this will directly or indirectly hamper the mass adoption of crypto as people from some part of Africa hardly have enough electricity or internet facilities to power their phone regularly and connect to the internet.
September 23, 2018, 08:44:58 AM
Yeah it will really be a cause to hamper crypto adoption in your country. Anyway, does the government done something with this problem? I bet it is not only in you country having this kind of problem and we have here also in the Philippines. However, the Philippine government are doing something to enhance the internet speed connection through opening for a third party player to compete with the monopoly of network service providers.
September 23, 2018, 08:41:27 AM
This is really true that poor internet services could hamper crypto adoption in africa, this is not only in africs but it could also happen around the world especially in the yhird world countries where in the supply of internet access is nor adequate and we know that internet is very inportant in working with cryptos and bitcoin .
September 23, 2018, 07:35:08 AM
Africa is a large segment of the world economy that could see some challenges in catching up with the rest of the world in being a part of the crypto revolution due to poor internet services infrastructure. This is the fall out from less investment in the development of the sector. Crypto is a much more needed addition to the Africa economy as it has the potential to generate huge wealth and get the younger generation engaged.Africa should a crypto hub.
https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/
https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/
I do agree on that, there are people who are using internet in order to mine cryptocurrency and if the connection is slow then they might get a problem earning a coin they are interested.
September 23, 2018, 07:18:09 AM
Ive been thinking about it also. Bitcoin as mode of payment doesnt work without wifi or any internet connection thats why internet becomes the hindrance on this kind of transaction. Government should improve not only with crypto facilities and also with their internet connection.
September 23, 2018, 06:22:58 AM
Africa is a poor country, in which there are a lot of problems, as in the economy, in the environment, in education, etc.
No, it is not. And I'm not talking about poor but the fact that Africa is NOT a country.
And from this come a lot of problems with this thread.
For example:
No, it's not Japan, it's Morroco.
And there are some other fun facts, like Gabon having a better GDP per capita that Serbia Thailand or Indonesia.
Again another fun fact is that South Africa has more internet users in % of the entire population than.... China!!!!
Considering Africa as a whole entity, putting together South Africa and Liberia, Niger and Nigeria and talking about adoption overall is a mistake, just as you can't lump together Moldova and Portugal or Belgium and Belarus.
Some of those countries in Africa can already adopt cryptos, some will probably not be able to do it even by the end of the century. Some have 4 lines highways some have only dirt roads, some have created multi-billion companies some have never used the word billion other than in math classes.
September 16, 2018, 06:35:38 PM
The problem should not really be poor internet but technically underdevelopment.
Yeah, that's the bigger problem. I'm no expert in African affairs, and I would imagine all countries are not equal when it comes to technological advances--but I would imagine smartphone use is prevalent at least. That's really all you need to get involved with crypto. If you have a signal, you can use bitcoin. Ironically, that article isn't loading for some reason--I think because of my poor wi-fi connection, and I'm nowhere near Africa. Anyway, from what I know Africa is catching up to the rest of the world in many aspects, and I suspect their internet use is going to improve and probably their use of bitcoin as well. I would also say that internet connectivity is probably very low on some of those countries' lists of problems. Poverty and government corruption kind of need to get remedied, though I wouldn't say this has to happen first--but it's urgent.
It's too bad there's no data on the location of members on bitcointalk. I'd love to know how many users hail from Africa and other nations. I would think Africa's representation would be pretty small.
September 16, 2018, 06:24:23 PM
Quite a lot need to be done if Africa is to be a part of the cryptos adoption. Crypto is supposed to bring wealth, it will be sad if Africa miss out on this opportunity die to poor internet services
September 16, 2018, 06:20:45 PM
Unfortunately there will no positive changes in Africa because formally Africa is independent but actually Africa is something like "a colony" which is controlled by some civilized countries and they do not want Africa to be a civilized, developed country not lose the control on Africa. I would like pay attention that it is just my assumption but not assertion.
Where the hell you got this assumption? What's your premise? This is not the 18th centuries anymore. There are a lot of independent African nations now. And a lot of countries are really helping it to grow.Well, you assert that there will be the great future in Africa if crypto technologies are used more widely. I am sure that not any crypto technologies are able to change something in the better way it need to change the underlaying system
Any nation has the capacity to improved, However, there are a lot of barriers specially in Africa, there are a lot of issues that need to be tackled first, like alleviating the lives of many people there, but I'm sure governments are trying their best. Infrastructure needed to be setup to get the whole crypto thing going for Africa, just saying. September 16, 2018, 06:10:42 PM
Unfortunately there will no positive changes in Africa because formally Africa is independent but actually Africa is something like "a colony" which is controlled by some civilized countries and they do not want Africa to be a civilized, developed country not lose the control on Africa. I would like pay attention that it is just my assumption but not assertion. Well, you assert that there will be the great future in Africa if crypto technologies are used more widely. I am sure that not any crypto technologies are able to change something in the better way it need to change the underlaying system
September 16, 2018, 05:42:36 PM
Africa is a large segment of the world economy that could see some challenges in catching up with the rest of the world in being a part of the crypto revolution due to poor internet services infrastructure. This is the fall out from less investment in the development of the sector. Crypto is a much more needed addition to the Africa economy as it has the potential to generate huge wealth and get the younger generation engaged.Africa should a crypto hub.
https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/
https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/
That is right, crypto becomes useless without good internet service infrastructure as in Africa. We all know that Crypto hings a lot to internet connection, it is as the main source to do and access to Crypto. Africa should improve the internet service first to use and implement this crypto, they it can be spread wider while it is already improved.
September 16, 2018, 04:30:45 PM
It has been a major challenge to me when i see that the market is going down and there are a whole lot of issues with the market and network issues also pop in.
September 16, 2018, 03:30:25 PM
Unfortunately, computers and good Internet connection are really needed for the adoption of cryptocurrencies and Africa seems mainly not to be ready for that.
If a good internet connection is really needed for the adoption of crypto, then why do the citizens in some countries with an intermittent connection like the Philippines, for example, adopt and uses crypto? it will be very difficult for some African countries to fully take advantage of the great opportunity brought by cryptocurrency and the blockchain technology due to poor internet service.
Instead of poor internet service, I'd say the reason why Africans does not use crypto is that of lack of awareness. They might not even know what bitcoin is. September 16, 2018, 03:22:45 PM
Africa isn't "a large segment of the world economy",actually it's a relatively small part.I remember that the African GDP was more than 1 trillion USD,which is very little,for a continent populated with 1 billion people.
I think that Africa needs industrialisation first and then crypto adoption.Most of the african countries have 80% uneducated population of peasants,who can do only agricultural work.
You're saying it right.I think that Africa needs industrialisation first and then crypto adoption.Most of the african countries have 80% uneducated population of peasants,who can do only agricultural work.
Africa is a poor country, in which there are a lot of problems, as in the economy, in the environment, in education, etc.
But it is a very rich continent, where a large number of resources, oil, gold and other minerals are concentrated.
When the moment comes that the resources will be used for their intended purpose, as for example did the Arab Emirates, then you can talk about a large segment of the market. And so it is poor countries in which even many do not know about bitcoin.
September 16, 2018, 01:18:19 PM
Africa is a large segment of the world economy that could see some challenges in catching up with the rest of the world in being a part of the crypto revolution due to poor internet services infrastructure. This is the fall out from less investment in the development of the sector. Crypto is a much more needed addition to the Africa economy as it has the potential to generate huge wealth and get the younger generation engaged.Africa should a crypto hub.
https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/
Unfortunately, computers and good Internet connection are really needed for the adoption of cryptocurrencies and Africa seems mainly not to be ready for that. Yet I don't quite understand how cryptos in their current state could help people there. The coins are volatile, there are probably almost no potential investors and I bet the situation with exchanges is also very poor. So what, is anyone actually expecting African merchants to accept bitcoin as payment? I can see that there are some applications of blockchain on the continent, but I bet these people mostly don't even have bank accounts, so the use of cryptos as mediators ensuring low fees must be extremely rare. https://news.bitcoin.com/poor-internet-access-could-slow-down-cryptocurrency-growth-in-africa/
September 16, 2018, 12:40:03 PM
You mean to say, that growing internet services could increase crypto adoption from africa?
Reason behind my statement with another question:
do you believe internet service availability in africa will get better or worse over time?
Sounds pretty ridiculous to think worse...
Reason behind my statement with another question:
do you believe internet service availability in africa will get better or worse over time?
Sounds pretty ridiculous to think worse...
September 16, 2018, 12:36:30 PM
Africa doesn't look like the only continent that suffers from bad internet services. I can agree that they are not technically developed and that is where I see the real difficulty because people who use cryptocurrency are supposedly, technically advanced so that they find the operation of computers and hi-tech phones easier to operate. And also those that are technically advanced can understand what cryptos are.
The problem should not really be poor internet but technically underdevelopment.
The problem should not really be poor internet but technically underdevelopment.
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