Topic: The used of Bitcoin in Africa - page 10. (Read 20402 times)
Indeed the continent of Africa and its people are embracing the cryptocurrency technology at an early point of time when bitcoin was introduced in the public. The cryptocurrency enthusiast in Africa are persons who are good in popularizing bitcoin and the blockchain even if the internet system in several countries are not par to other developing countries. Hopefully they will have more faster and stable internet connections soon to more promote bitcoin and the blockchain.
Africa will benefit the most from bitcoin trading as transparency and decentralisation will remove corruption. It needs to start with the people, their governments will not allow it
No my friend, these countries will never accept Crypto currencies like Bitcoin, because of the transparency. They would much rather create their own GovCoin that are controlled by them and continue with their corruption. The media has been fighting for years to highlight corruption and to bring it to the public, but these corrupt governments are still doing this with zero accountability.
You cannot use a pseudo anonymous currency to eliminate corruption, because these people will use that to their advantage.
More effective for distributing bitcoin to Africa, it will give more space for bitcoin could development to all country in the world, today only Asian and Europe have accepted and know about bitcoin as transaction and investing, but by used at Africa bitcoin become famous transaction at the next time.
some time ago I read in this forum about the number of cryptocurrency that was adopted in Africa, maybe they also store a very large amount of bitcoin in Africa, maybe there is a more appropriate place to adopt digital currencies.
Bitcoin is gradually gaining massive adoption. Despite the fact that a small percentage of people in africa has the idea of bitcoin with time wgen real usecase projects are being developed its awareness will increase
Africa as an undeveloped continent have embraced cryptocurrency and bitcoin as a means of making payments and many African countries government have remain silent on the usage of bitcoin in their country is it that they are not aware of the existence of bitcoin in they jurisdiction or they just decided to remain quite about it. But Nigeria has been the famous among all as it citizens have embraced cryptocurrency as their secondary currency.
Africa will benefit the most from bitcoin trading as transparency and decentralisation will remove corruption. It needs to start with the people, their governments will not allow it
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Truth be told, in Africa we see bitcoin as an investment rather than as a medium of payment. So, we acquire it and then wait awhile to resell it like a real estate. In Nigeria, I am yet to see any shop accepting Bitcoin for payment.
That's why investment and trading is the number way and most famous way Bitcoin is been used in Africa. About the stores, I believe you're taking about physical stores because if you meant online stores then you aren't updated. I have shopped severally frim both Nigerin stores and African stores accepting Bitcoin. The government of the day aren't in support of cryptocurrency yet that's why we don't have any physical store accepting Bitcoin. Everything bitcoin is used for in the country isn't official.
Positive attitude to bitcoin in Africa it is already good enough. Even the fact that they have no special means to use it, does not have a bad effect. After all, this is a temporary phenomenon and infrastructure can be developed without problems. The main thing that was desire.
That's good, bitcoin has already reached the African countries. Particularly bitcoin was used by African people for transaction needs on business rather than into trading or into gambling. The major reason is that they cannot carry huge funds due to the inflation of the fiat. Using this as an opportunity some used bitcoin to scam people, and at some point people used bitcoin much more than mpeso which is much used for transaction needs. More good to happen in African countries through bitcoin.
Truly the potential of bitcoin had not been fully harnessed in Africa largely due to improper enlightenment, some people who had an encounter with btc believed its a ponzi scheme hence disassociated themselves from it while the government had not been helping matters having warn its citizens against using it, while the few who took the bull by the horn have fully adopted it for trading using foreign exchanges are doing excellently well.
Good news and thank you for sharing
The african country well know the importance of bitcoin and they take advantage to grab the opportunity of the blessing of the new technology to go out from the poverty.
This is a proof that bitcoin by the help of new the techonogy possible lives become easy and comfortable using cryptocurrency to buy things via online payment.
The african country well know the importance of bitcoin and they take advantage to grab the opportunity of the blessing of the new technology to go out from the poverty.
This is a proof that bitcoin by the help of new the techonogy possible lives become easy and comfortable using cryptocurrency to buy things via online payment.
Poverty can be definitely eliminated withing few couple of years if African countries or any other country use BTC wisely with adoption and allowing there people to use it within regulations but the problem is none of them use BTC the right way because most people who use advance technology today have bad ideas specially when it comes to cryptocurrencies and that is why using Bitcoin in the right way is much important if African countries wants to benefit properly from the Bitcoin network
The news regarding African countries are using Bitcoin is very satisfying what we should consider how they use it whether to so business, To scam, Trading purposes or for any other illegal work because there are many countries that uses BTC for various reasons but when we get to know the reasons by looking and hearing from news it makes very sad because it can only do harm than good for the future of BTC
Good news and thank you for sharing
The african country well know the importance of bitcoin and they take advantage to grab the opportunity of the blessing of the new technology to go out from the poverty.
This is a proof that bitcoin by the help of new the techonogy possible lives become easy and comfortable using cryptocurrency to buy things via online payment.
The african country well know the importance of bitcoin and they take advantage to grab the opportunity of the blessing of the new technology to go out from the poverty.
This is a proof that bitcoin by the help of new the techonogy possible lives become easy and comfortable using cryptocurrency to buy things via online payment.
Nigeria is always fast in adopting and catching up with anything that can increase the standard of living. cryptocurrency has been source of livelihood. crypto has actually put the smile on the face of nigerian than the government. fast adoption has always been because of high internet presence. Nigeria is among top 10 internet users in the world. However, buying goods from local store using bitcoin is one of the challenge. it is very easy to see merchant that accept bitcoin as payment for services but not goods.
They are mostly using bitcoin for scamming purposes, they love that no one can seize their scammed money. That is one of those countries where people will slit your throat for a few dollars. I recently saw a video of nigerians burning two men over potatoes.
It is good to know that Africa is supporting cryptocurrencies to such an extent where offline stores are enabled to accept cryptocurrencies as a payment.
Many countries have still not legalized bitcoin due to fear but seeing Africa accepting could lead other countries to accept it as well.
Although bitcoin is used for money transfer, trading and investment already in many countries, I would definitely like to know which online stores in Africa are accepting bitcoin as a payment.
I would be glad if you could PM or post it here some online stores that accept bitcoin.
Many countries have still not legalized bitcoin due to fear but seeing Africa accepting could lead other countries to accept it as well.
Although bitcoin is used for money transfer, trading and investment already in many countries, I would definitely like to know which online stores in Africa are accepting bitcoin as a payment.
I would be glad if you could PM or post it here some online stores that accept bitcoin.
I think this is good news because people in Africa will certainly be more helped by the existence of bitcoin there. Bitcoin invasion is very useful for its users. With many countries using bitcoin, making bitcoin increasingly popular.
Like African countries It has become common for any country in the world to use bitcoin as a trading asset but not as a currency to make payments in real world scenarios and also there is no way trading a volumes can do good to a currency without any adoption into businesses because at the end without any real use it can become useless so such trading volumes in Africa are useless which can do no good to the future of bitcoin
Truth be told, in Africa we see bitcoin as an investment rather than as a medium of payment. So, we acquire it and then wait awhile to resell it like a real estate. In Nigeria, I am yet to see any shop accepting Bitcoin for payment. One has to exchange bitcoin first into fiat before any payment for goods and services.
Truth be told, that is actually what the whole world is primarily viewing Bitcoin so this is not unique to the African continent and this kind of orientation had been the driving force in the great speculative activities happening in 2017 and early 2018 causing the Bitcoin to almost reach the 20K mark. And now that the speculations have subsided, we are witnessing the many great dips of Bitcoin. There is nothing we can do if people are seeing Bitcoin as something to speculate though because just like any asset the holders have all the rights in the world to do whatever with something he is owning. However, speculations alone will not be making Bitcoin great as we need practical applications or uses to make it last and be stronger. The continent of Africa is representing a great frontier for Bitcoin and I am sure that given the chance and massive adoption there is a great future for Bitcoin in there.
Nigeria , South Africa and Kenya i have no doubt about that but Mexico and Tanzania there is no way they are on top than Ghana when its comes to the use of bitcoin , Even in Africa most of the crypto exchange companies are in Ghana and Nigeria . But its really interesting how Africa is adopting the digital currency and blockchain the master technology behind it. I know Gradually very soon very will see most Blockchain project coming from Africa to compete the global blockchain market ..
This is a great community service the fit to talk section dedicated to Africans
Africans comprise a huge number in the forum and they are fast getting involved in cryptocurrency with high level of youth
Africans comprise a huge number in the forum and they are fast getting involved in cryptocurrency with high level of youth
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