Topic: Poor Internet Services Could Cause Hamper Crypto Adoption in Africa (Read 929 times)

It's a fact poor internet services affect negatively Bitcoin adoption. On short term there isn't much to do. But as technology is developed and improved, cheaper and more accessible sources of different services are disponible, like sources of energy, internet services and electronic goods for an example. All these examples allied to a basic effective education can lead Africa to a competitive stance compared to another continents.

Great! But remember it's not only crypto being affected. You may want to learn more about the Digital Divide  where technology ineducation is the new illiteracy

Well, I am an African and I do not  agree with the point that poor interent will hinder one or pose as a threat to Cryptocurrency adoption in Africa. I can say that quite a lot of Africans are already in the competition market with other foreign countries who boast of good quality data services. I haven't heard of any serious complain of data with those fully involved in the cryptocurrency business as this is well sorted out.

In countries where there are abundance and adequate supply of internet access, then it will a good choice of cryptocurrency adoption, in africa where in countries have poor internet services could really hamper the adoption of cryptocurrency services and activities, so it is very important that an excellent internet services can really have a good order of cryptocurrency.

The world population statistics states that Africa has 80% of the world population and even at that Africa still remains one of the most undeveloped continent of the world, with inadequate technological development which hinder speedy adoption of modern technologies such as cryptocurrency and inadequate internet connection and lack of electricity supply is one of the major factors that contributes to that.

Poor Internet connectivity is way better than no Internet connectivity, that is the real issue, in the cities there is not going to be much problem for people to adopt cryptocurrencies if they have Internet, but how are we going to reach all of those people that live isolated from the rest of the world? That is the real challenge because they are the ones that need bitcoin the most.

I feel that not all countries in Africa have internet services, because we know that many countries in Africa whose economies are still below the standard, so making Africa as a base for strengthening bitcoin is very difficult to realize, because building supporting facilities requires huge costs, so let everything went on gradually, maybe many countries in Europe are willing to expand their business in Africa, maybe if this happens there will be an increase in supporting facilities from the internet network there.

Poor internet connectivity will definitely impact negatively on adoption of crypto currency. Can you imagine transaction of bitcoin without internet ? can miner do work without internet?
But as far as i know africa does have internet access but average speed is low but speed does not matter only matter knowledge and willingness to adopt crypto.
People will only be adopted crypto if they find crypto for their personal benefits....

If you take the time to see which countries are the ones that adopt new inventions and the most advanced technologies and methods to do stuff you will see that those countries are the ones that have the most money and the most development so when it comes to bitcoin that is not going to be an exception which means that the African continent which is the poorest will be the last to adopt bitcoin.

Africa has not been lagging behind that much as a lot of people tend to portray it, but it is also realistic to say that when looking at the general population of Africa and for the fact that they have a lot to still do with development, it is for sure something we can state.

Like you said, from research, so much is changing already as the youths are increasingly becoming a lot more exposed in most parts of Africa now. Also, considering the stunts Binance pulled off in Uganda, a place where they are even unbanked, it simply shows there is a lot of potential for cryptocurrency to thrive, as I see people who are even hungrier for it than one can imagine.

That has been one of the major obstacles for worldwide adoption from the beginning. And that's why physical exchanges for transactions will never be obsolete because of this restriction. And africa isn't the only country that has a big challenge when it comes to online access.

crypto doesnt really require a good and reliable internet but as long as your internet can browse websites , for sure  you can always process a transaction over the blockchain .

What can really hamper to crypto adoption is the lack of knowledge and resources to use because we all know that africa is a verry poor country .

But overall , it is still possible for africa to catch up on the latest happening . they just need our help in the form of donations  and other stuffs .

Africa is indeed synonymous with poverty, before we talk about internet access. indeed it is true, but not all countries on the African continent are as imagined as many, many countries that are already modern

I won't be surprised at the way Africans will get to embrace cryptocurrency pretty fast when given the chance, which I believe is something we will get to see eventually. I was waiting to see what will happen with Binance and Uganda, a country where they are even more far behind when it comes to the whole of Africa, and a system where there is no banking services that could even covered a lot, so in this case, we are talking about the unbanked, and really I was surprised at the turn up. That simply shows there is great hope for Africans if I am asked.

One of the factor so important in the adoption of cryptocurrency in a certain place is the abundant or adequate internet provider in the place , because poor supply of internet access can hamper the adoption of this cryptocurrency technology , like this instances that happen in african region, so improvement of this internet access in any african places ,could help in running this cryptocurrency very successful.

It does not even have to be Africa alone; there are so many other places in the world where some of these things are lacking. Also, having been to some developing parts of Africa, one can say there is actually great improvement when it comes to internet and all which is a start as far as I am concerned. No continent is beyond development, and even though they are lagging behind, that does not means they are completely behind, so in a way, as we see some people getting to adopt something pretty fast, so are we always going to end up seeing laggards, just like we are having now even in the crypto space.

i'm more concern of the political instability of Africa. corruption and tribalism is widely practice there. it could be hard for crypto to penetrate the market.

t is true. if every country wants to use or implement digital technology or financial currency technology, the country must be supported or have good internet services and have an extensive internet network so that it can facilitate all people in that country. so that the internet service provider must be prioritized in order to use crypto currencies.

Of course it will not work out because of a problem in the likes of this. We know that cryptocurrency is digital and it will require an internet connection. If there is a poor internet connection service then definitely this will hamper cypto adoption. The poeple should ask the government for this to solve the problem for the government has the big role on implementing a good and strong internet connection for the country.

Crypto currency is done with online transactions using internet media, so that for regions or countries such as those in Africa that have difficulties with internet connections, it will be difficult to develop crypto currencies in that country

I am not in Africa but my sisters are in Mozambique just to work. They said to me that Africa gradually adapts the technology and it is good that they are already civilized. Africans have change their way of living, they want also to be popular all over the world. I hope they will totally regulate and understand the cryptocurrency specially that Africa is rich when it comes in natural resources.

In any country where their is no electricity or no internet services in smaller town will going to impact the crypto currency at large. Also they would not even be aware if such thing did exists but in coming years thing will be become better for every country as this are basic necessity now and government would be working to resolve it at qyuickly.

I agreed that Africa has been lagging behind the rest of the continent in terms of infrastructural development particularly internet penetration is still low however a recent  research shows that there is a 20% increase in the number of internet users in 2018 invariably there will a gradual adoption of Cryptos as more Africans hears about it.

I woukd think that it would happen hinder crypto currency but necessarily in a very big way. While it is true that crypto currency is heavily internet dependent but even at 500 kb/sec crypto currency could very function properly. This is one of the challenges crypto currency faces. Everyone and everywhere should have internet access for adoption.

The thing here is that as much as there are countries in Africa that have access to internet, if we are looking at the overall population, we will understand it is not actually something that is applicable and only applicable to just some small part of this region.

Africa is a continent that despite the fact that they have almost everything you can think of when it comes to natural resources, they have just one thing in common that has always been their problem and that is basically bad leadership, which is one of the reasons that have made it stay aback in development over the years.

This is not even just about slow internet, because slow internet generally is even something that you can still make use of even if you want to do any transaction, it does not take all the data in the world to get that done.

However, we still have to realize that in most parts or countries in Africa, there is inaccessibility to internet. Although I have been to some part in which the usage of smartphone and access to internet is not that bad, such as Nigeria, South Africa, Kenya, and Ghana, but we still have to consider the fact that this is just very few among the general population of Africa as well as the number of countries in Africa. Nonetheless, there is always a start to everything anyway.

It's like saying Brazil has more highways than Monaco.
Nigeria has more inhabitants than almost every European country so what are we comparing?
And Nigeria is the 5th largest country where bitcoin is traded again means nothing. India is the second, and its influence on the price? 0. Zero! Nada!

Let's check the number of shops accepting Bitcoin in Nigeia...how many are there?
Which is the biggest exchange in Nigeria and what is the daily volume? How many full nodes are in Nigeria? Oh, I can answer you what, 1! One!!!!!!!!


So we agree that the governments or we can say dictators are to blame for the situation and all of you think that those will let crypto grow and lose control over the money flow? Before thinking of cryptos and freedom of using it probably the next step should to get rid of those people and put somebody else in charge of things. And unfortunately, I've yet to see an African country leader that has come out of the pack and is recognized as a capable one.

One of the main reason why cryptocurrency will not replace fiat money is that it needs internet conncetion for transactions to pursue. We all know that internet connection is not yet worldwide. There are places or country where internet is very poor such as Africa. It would take few more years for cryptocurrency to go mainstream anywhere else in the world.

It is not only in Africa but in other developing countries as well. One of the reasons why it would be hard for cryptocurrency to be the payment option replacing fiat is that the problem of internet connection. Some areas doesn't even have electricity so it would be hard for them to use cryptocurrency. Their way to have a proper transaction is the usage of fiat because it is physical money so no need for an electricity and connection.

If you look at the developed countries, it would be easier for them to shift from fiat to digital because they have the available resources whereas for those developing countries, it would be hard to shift immediately unless there is an improvement in the technology.

Most of African countries are still underdeveloped with limited technology in these countries in Africa. One of the major problem is internet accessibilty and affordability. Crypto will thrive very well if the problem of internet is fixed in such areas because it will generate more hob opportunities for the younger generation and boost the economy as well.

That is true, crypto currency is heavily internet based and a very slow internet could hinder transactions. Online monetary transactions needs highspeed internet to actually be done. This is why we need an insane amount of infrastructure not just in Africa but in the whole world to have a global currency in place.

I think that is  a little overfetched to talk about blockchain adoption within 3rd world countries. Yes, there are some countrie sin Africa which have high life level but in general people do not means to use digital payments of any sort.

Internet connection is needed if people want to use cryptocurrency. Many area in the world dont have good internet infrastructure and i am believe internet is essential for cryptocurrency growth

They can be quite productive, but the corruption as you said is huge and it is a mess over there. I guess there are goons which are doing their work along with the help of the political power. There are various products whose raw material is obtained from Africa, but still, they are unable to grow.
Crypto adoption will take a long time, I mean to say large-scale adoption. I am not sure, but I guess not even half of their population uses the internet or even qualified to use the internet or an electronic device. Education is another drawback in their country.

This is the correct view in my opinion, the GDP per capita of the African continent is incredibly low, it is 3.5 times lower than the next place which is the Asian continent, so before that a revolution is needed in order for the continent as a whole to become more productive but this is going to be almost impossible with the huge level of corruption from their governments.

In fact that is not only a problem in Africa but in most of the country people are facing such problems in my country in villages there are always lack to internet facilities which are really creating problems for the people to use bitcoin or other online shopping etc.

Exactly, poor internet services could cause hamper to crypto. Internet in every country is very important in dealing with the crypto. If africa have that connection it could affect crypto business.

Their government are the ones killing them. If you go to Africa those they have as leaders are just criminals who are only there for their own selfish desires. They never care about their citizens and citizens don’t even have full right. When it’s time for election people are not allowed to vote for who they want, and after election these men in power would rig the vote to put everything in favor of themselves. I think it’s high time the world look into all this things and liberate them of their evil leaders.

I guess I can say the same over here as well. I am not a Nigerian, but I have been to Nigeria, and even though I could say I was just in some of the major cities here on some philanthropic mission, I would say it is not very bad to the point at which a lot of people put it generally like Africa is just some bush with no one having an access to internet.

It may be low when compared to the population in general, but it is not that bad when comparing the statistics of those who have access to internet in Africa and in the global space. Like you said, with good educational programs, and more exposures, this is something that can easily be adopted by a lot of people in this part of the world.

Absolutely, there is always a stage to everything and for the fact that Africa is still a developing nation entirely, I believe one way or the other, there are still some well learned people who are exposed in a huge way. I have been to South Africa and Nigeria and basically almost everyone and even down to kids in school have access to smart phones with access to internet services, and the exposure is there.

In that case, I may not have the statistics when comparing the whole population of Africa, but over time, it cannot be that bad that Africa will be exempted, and the truth is that a lot of the learned youths in Nigeria, actually have a huge idea what cryptocurrency and blockchain technology is all about. That to me is a good start.

Not that far from the truth and at least, I have been to Nigeria and some other parts of Africa, and I was able to see myself that internet access is not something that horrific as a lot of people paint it, but at the same time, there is still room for growth when we are talking about the whole of Africa.

I was impressed though when looking at some of the data in Nigeria in terms of internet access, and I bumped into some statistics from http://www.internetlivestats.com/internet-users/nigeria/ with internet users increasing each and every year and drastically compared from 2000 till date. The stats is shown below;


Not that bad with the share of internet users in the world comparison.

Now, if we are to look at Africa as a whole, this was an information I pulled out from Wikipedia;


Honestly, when comparing the stats of share of world internet users in Nigeria which is 2.5% with that if Africa which is 6.2%, we will realize it is is basically just some few developing countries in Africa that have access to Internet, with a whole lot far behind.

However, comparing the perception of people in terms of adoption of cryptocurrency in Africa based on internet usage, I will say it is not as bad as a lot of people portray it, but when comparing to the chances when looking at the world in general, there is room for growth, but I believe one way or the other, Africans cannot be completely left out.

I have travelled extensively in Africa for work and I can tell you that mobile service providers are spread out through Africa. There are stiff competition in the telecommunication industry and services like M-Pesa are being operated through many of these mobile networks.

Big companies like Google also have projects like this : https://www.bbc.com/news/technology-44886803 {Google's Loon brings internet-by-balloon to Kenya}

I still think they should make it a bit easier for third world countries to use Bitcoin without smart phones and super fast internet. 

Well there is a big portion of people who are deprived of the basic facilities let alone poor internet in general and strong in particular. And this can possibly hamper the ability of the people use Bitcoin. About the success of Europe at the cost of Africa, i would say that today the rich make use of the poor to get their interest out of them regardless of the consequences that can possible arise.

UK invading Indian and hindering their participation in the world's GDP that was initially 13% was only 3% in 1947 when they left. So this is something that cannot be avoided. The powerful will always quest to snatch your resources. And yes the relative advantages of certain commodities in certain parts of the world are more than in the others.

Well here in Africa, Nigeria to be specific, the number of people who have access to internet is more than the whole population of some European countries.
And currently Nigerian is the 5th largest country where bitcoin is traded! ...The only thing that could hamper the growth and adoption of crypto and blockchain in Africa is the skepticism of the people towards the technology. Which can be easily resolve with good amount of educational programs,
crypto and blockchain conferences will also do a lot of good in the space.

Everything is possible and Africa makes no exception, but to evolve first they have to finish with the violent militar activities. It make me sad thinking to the poor africans.

there are already a number of ICO projects that focus on this, but the implementation in Africa directly is not yet clear and the project is still dominated by exchange which is actually not very efficient, the infrastructure to facilitate internet use has not evenly spread and is still comfortable to be used by the upper middle class.

The most important thing is periodic absorption and dissemination, and if the government cares about its people, then they must start by supporting the community using crypto with all the necessary conditions.

In fact, we can see that in some places in Africa, it is not like internet access is a major problem and there are still people who are already having access to cryptocurrencies.

However, we still have to understand that compared to other developed parts of the world, it is something that would still be a bit hard to see adoption grow rapidly and it might take a little time before we would start seeing it more in play, and maybe just see some few part of Africa utilizing it, but if we are to refer to the larger population, that would be some hard stuff to really achieve.

Difinitely. Cryptocirrency investments, trading, mining and transactions needs to have a fast internet connection to make a progress. Here in my country internet connection is one of the most annoying part aside from power outage in dealing with crypto currency. I do hope that governments has to take actions regarding this matter as it is also a hindrance for a country to have a successful and more economic gains.

It is significantly disadvantaged in Africa , as you know, crypto operation  base on the Internet. The access to Internet is limited in africa can make difficullity for people who want to invest on CRypto.

High rate of underdevelopment as a result of bad leadership, and not having all the necessary facilities and amenities in place that could help change a lot of things. I remember being to some parts of Africa and that is the time I got to know that power supply is still being interrupted almost 80% of the time in the day, with people even using their generators as the steady one and then normal power supply as a backup.

At this age, it is that bad. A government that is finding it hard to provide power, how will people be able to then get access to technology, internet or whatever, that would enable them have access to cryptocurrencies. That would be a bit hard.

Some countries develop thanks to technology (like india) and some develop thanks to manufacturing (like china and turkey) and some countries develop thanks to shoemaking (african countries) it doesn't change the fact that bitcoin is a simple thing that could be send and received with bare minimum tech need.

Even if a person from africa doesn't have a computer of his own (which I assume is more common in rural areas because places like johannesburg is quite developed even on european standards) he/she can use an internet cafe to go there and do their work and receive bitcoins there.

The only possible way a person from africa can't really make enough is if their country doesn't have an internet website that allows them to cash out their bitcoins into their countries money but even than they could just cash out in fiat for dollars or their fiat on localbitcoins for less than the avarage price. Poor internet service is remotely the least of their worries going into bitcoin world.

But it will difficult to implemented in such expensive technology in poor countries, even for internet which is very cheap in some countries still become an expensive item in Africa, and crypto can't work without Internet, that is why the growth in Africa for crypto is not too significant

In Africa there is seriously poor internet infrastructures and the cost of using internet is very high in this continent and that in turn will affect the development and adoptions of cryptocurrencies in Africa. However africa should not give up as the blockchain technology is going to bring financial freedom to Africa.

There are still poor internet services in villages of some small countries who have absolutely bettee economy than Africa. At the same time we have to mention that there is a reason of it in Africa. If you see, some clothes are even made here, for example let'd take Asos, why don't they manufacture in UK? Because Africa is very cheap, that's the reason why clothes are made in Turkey and in China too. This country doesn't play huge role in economy but their poverty is the reason of why is Europe reach.

We don't need superfast internet connection to use cryptos normally a 2G speed interned will be enough to use the crypto currencies so it is not a problem for the crypto adoption in Africa but they are not yet ready for crypto adoption because they have lot of life problems in their country so they are surviving each day in tha country so where implementation of new system will take time.

I dont think that with the rise in technological advances it is necessary to have the internet connection all over the world.

There is new tech about which I am reading these days and thats called as Mesh technology where there is only need of internet connection at specific distance and its not necessary to be placed all over the region to successfully execute the actions.

It goes online whenever it gets the internet connection.

Some more advances are also expected above this and could remove internet necessity for sure.

indeed human resources are main capital to access crypto. of course with high human resources, will have internet needs to support their activities, and I think that internet service will be prioritized

You are right despite the over 80% of the world population residing in African the region has witness high rate of underdevelopment and at that social amenities such as electricity and internet connection has been a big challenge to those living within this region and this two things are what cryptocurrency relied upon for it operations.

the certificate will be difficult to implement crypto in the African continent. with low human resources it seems difficult. maybe it will slowly be applied there but consequently it will be difficult. different from South Africa which has possible human resources.

I am an African and I tell you that it's not only poor Internet service that's going to to cause problems for crypto use in the continent but rather it's the way that Internet usage is expensive that's what's going to worry crypto adoption in Africa. The standard of living is very bad and a few can afford to use their money for internet.

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."

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.

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.

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. 

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.

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 .

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.

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.

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.

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.

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

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.

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.

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

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. 

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.

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?
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.

You're saying it right.
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.

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.

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...

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.

You are right Africa is really lacking behind in the quest for technological development/advancement and since cryptocurrency depend solely on the internet 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.

Not exactly true that internet can stop the adoption and usage of cryptos in the African continent. I'm guessing there are other facilities that have not functioned uptimally but they are such services still go on. For instance, the banking system sometimes can require internet for transfers and transactions but are being disturbed by bad networks. Also, the waves could disturb the television, telephone reception but yet, they are still being managed and have not shut down.

I think there are already a lot of new ico ico popping up made by the community of people from the African continent and that's a very positive thing for them, making other African countries interested in using crypto

Africa needs a whole lot of things than just crypto adoption and even as much as crypto adoption could save the day in a way, that doesn't mean it will revamp it's economy.

It is a pity that in a lot of places in Africa, there is huge natural resources, but due to bad leadership, growth has been an issue and if this whole corruption in the leadership sector can be curbed, there would be some development gradually in this part of the world.

Although, there have been a lot of crypto enthusiast in some parts of Africa that I have met and a good thing to see that, but all in all, that information and technology in most part of Africa will still be inaccessible and limited due to how things are in this region when it comes to technology adoption.

this is why the crypto can't grow worldwide easily because the spread of technology and internet is not equally in this world

Africa is a resource-rich continent, so the use of Blockchain technology will ensure optimal utilization of these resources, as corruption is one of the most important causes of poverty in that continent.

Weak Internet, lack of electricity and other factors are the consequences of misuse of resources due to corruption and lack of transparency.

Once these resources exploited, cryptos can play an essential role in distributing those resources equitably to those who deserve them and thus renaissance in society.

So the poor Internet is not a problem but a misunderstanding of the issue.

This. Just by reading this we can conclude that internet connection isn't the one to be seeing of, instead look at the bigger picture, despite of having weak connection and poverty, Africa had accomplish big things that even a develop country didn't.
If having a strong connection is the basis here then South Korea should be the crypto haven with 28.6mbps.

Definitely, poor internet services cause uneasy crypto adoption because all transactions are done online. To learn more about bitcoin and other cryptos we need to have a fast and reliable internet connection for faster and easier browsing over the internet. And to avoid possible errors during transactions.

I guess it is somewhat of an issue at this stage.

But it really is a non-issue in the long run, and initiatives can be taken in the short term as well to help the unbanked population in Africa in obtaining some form of financial security, especially in countries where the fiat currency may be extremely volatile and depreciative.

In the long run we all know that internet connectivity is going to be much better worldwide, Africa included. And even though connectivity is bad at the moment, the biggest problem isn't really actual adoption, but awareness of bitcoin altogether. Certain organizations could definitely help the unbanked even without a stable internet connection through services like sending bitcoin through SMS which is already a familiar concept in countries like Zimbabwe with fiat currency, until the internet situation gets better in the long run and more people gets to know BTC and adopt it, where these services will not be necessary.

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.

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 people who live in Africa must be concerned about the internet as the main because I think the internet is a connecting bridge with the cryptocurrency business so I suggest to improve the quality and internet service after completing it can go to the cryptocurrency business.

That is the reality if the internet in some places of the world like african region have experienced poor services in this particular area would really hamper the cryptocurrency adoption of africa , this is the main problem of crypto activities in area where there is inadequate supply of pwer and internet access in the area.

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/