The gap between poor and rich countries, a major impediment to global adoption - page 2.

bitChipper

sr. member

Activity: 896

Merit: 290

Quote from: OmegaStarScream on September 17, 2018, 12:04:50 PM

I live in Africa and trust me when I tell you that people are actually waking up. In fact, if anything, bitcoin is probably much popular within the youth in these underdeveloped countries then in Europe because the need of an alternative of fiat etc. is there so people will eventually find bitcoin.

I ran some test with google analytics a while back (maybe 2-3 months) and found that there was a huge amount of searches in nigeria and some other sub-Saharan countries, do you know if there is a lot of adoption happening in those countries?

Also I think that Nigerians were paying a high premium for a bitcoin a while back just like koreans were during the huge run up in late 2017.

brooklynian

member

Activity: 392

Merit: 10

You are very correct. This issue with some part of Latin America and Africa can limit the rate of adoption of cryptocurrency. Imagine a situation whereby these continents are moving at same pace with Europe and Asia. It will take a long time for cryptocurrency to reach everywhere in Africa.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

I live in Africa and trust me when I tell you that people are actually waking up. In fact, if anything, bitcoin is probably much popular within the youth in these underdeveloped countries then in Europe because the need of an alternative of fiat etc. is there so people will eventually find bitcoin.

bitChipper

sr. member

Activity: 896

Merit: 290

What country do you live in?

If I were you I would see this as an incredible entrepreneurial opportunity, your English is good and you are posting on bitcointalk. That shows promise.

I live in the USA and I know I would have a tough time pitching bitcoin or other crypto's to people vs the USD, especially to baby boomers who have all their savings/investments in traditional assets.

For you though it probably is not the case, in my opinion you could have a legit business just preaching/teaching bitcoin basics.

Quote from: Freegan on September 16, 2018, 06:02:44 PM

In addition, in these countries people have very few aspirations and do not seem interested in matters related to technology.

They may not be interested in the tech, just show them that if they put their native currency into bitcoin or other cryptos how well it would have done in the past 5 years vs. their native currency!

The only barrier I think would be how they would spent it? Maybe there are some fiat gateways in your country that would allow them to?

Venezuela is a great example right now btw.

Freegan

member

Activity: 167

Merit: 10

Undoubtedly, the acceptance of bitcoin is growing in a remarkable way, but most of the people involved in these field are people from Europe, Asia and America. For me who live in an underdeveloped country of Latin America I find it disappointing to see the little interest that people have in these technological issues, and the great ignorance that still prevails with respect to cryptocurrencies.

In addition, in these countries people have very few aspirations and do not seem interested in matters related to technology. And from what I see, in places like Africa, something similar seems to happen.

This type of educational, economic and technological limitations will only mean a delay for bitcoin to become a cryptocurrency of truly global scope and use.

Topic: The gap between poor and rich countries, a major impediment to global adoption - page 2. (Read 316 times)