The used of Bitcoin in Africa - page 9.

Herbert2020

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Quote from: SistaFista on February 17, 2019, 09:35:47 PM

I think the most usage of bitcoin is for trading, include in Africa. No wonder if bitcoin volume is big in coinmarketcap.
And peoples are using it as payment instrument too, mainly from underground world i guess.
So, no matter how bitcoin used anywhere, it is good to hear that many peoples still using bitcoin and cryptocurrency.

your guesses here have no value specially since you are making random wrong guesses. it is obvious that one of the biggest usages of bitcoin because of its volatility is for trading and investment but that doesn't mean the usage of bitcoin as a currency is small or limited to illegal activities.
in fact Africans are using bitcoin as a means of payment more than anybody else in any other country. there are people who have been mining bitcoin and using it to buy food and have it delivered to their country for over a year now.

CruozSmine

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If this is true, this country is worth living. I wish I could come here once and experience this utility

SistaFista

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Hexhash.xyz

I think the most usage of bitcoin is for trading, include in Africa. No wonder if bitcoin volume is big in coinmarketcap.
And peoples are using it as payment instrument too, mainly from underground world i guess.
So, no matter how bitcoin used anywhere, it is good to hear that many peoples still using bitcoin and cryptocurrency.

Spider A4

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Kenya and morocco very unprivileged countries but good to see in those countries growing in cryptocurrency platform.
And i think they have cryptocurrency adoption and regulation. This is localtrade exchange statics and i think their big activities in the other big exchange.

vintages

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In Africa generally, there are many who purchase Bitcoin only just to use it for online means for payment of purchases and services. But they can not use it for payment of goods and services offline.
The few things that contributed to this are: some Africa governments restricted the use of Bitcoin kn their country and also technology in Africa is still in the developing stage. Not everyone knows about this coin there but some good amount of youths.

Crypto24hrs

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Currently in Africa the use of Bitcoin is very low, but the continent is full of potentials for cryptocurrency trading, at list for Her population,and this region is highly fragmented structured with various currencies, hus it is a fertile ground for bitcoin investors.

cfif123

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Quote from: kucritt on February 15, 2019, 09:11:23 AM

i think all of bitcoin user more than 80% use bitocin for trading and investment program, because many people know bitcoin and bitcoin popular because of investment media and the trading media. so we all here hope that in the future we can sue bitcoin and other cryptocurrency as the daily currency that we can use to pay anything in our life`

in my opinion it's like bitcoin traveling around the world especially the African continent and it's amazing for me and I'm proud if the African population knows Bitcoin and uses bitcoin legally

shesheboy

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Quote from: ETHICKNINE on February 17, 2019, 03:13:46 AM

The member Jet Cash idea to give a dedicated forum for Africans

Woah really ? Thats nice . i see that africa is left behind on the latest trends especially on cryptocurrency but if we will educate them and sponsor them some items that they can use to access and operate cryptos, im pretty sure that their country can also add to the growing adoption of cryptos .

Quote from: dupee419 on February 15, 2019, 12:38:31 PM

True, governments in Africa are somewhat corrupt, not all but some government officials are for sure corrupt, but what I liked with their decision is that

Oh i see . this can be also the reason on why africa is so poor .

Quote from: dupee419 on February 15, 2019, 12:38:31 PM

almost all countries in Africa has Bitcoin approved, it could be a big help for the citizens, and hopefully it could lessen the poverty.

I guess thats not true . i see alot of users here , saying that africa is not supporting cryptos .

iMark

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Quote from: Lizzylove1 on February 14, 2019, 04:18:27 AM

Quote

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.

This is truth, I think the issue is partly because of the lack of support from the apex bank governor Godwin Emefiele. He has been very critical of the bitcoin and Cryptocurrencies, instead of educating the public about what it's all about, he keeps saying it's a form of gambling. I believe he is been bribed by bank owners in other to keep customers under check.

Yeah I understand that, the spread of bitcoin will also depend on your technological and economic development too. in Asian countries there are still many countries that have not been touched by blockchain technology, especially Africa which is still very lagging behind, no offense

ETHICKNINE

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The member Jet Cash idea to give a dedicated forum for Africans is a great idea because unlike any other countries Africans were open minded regarding Bitcoin and the crypto world because they know that to change there current situation they have to cope with latest and modern technology and Blockchain technology and bitcoin as a currency will be a great solution to that because it can provide the best possible systems to reduce the cost during transactions and improve there businesses effectively

dupee419

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True, governments in Africa are somewhat corrupt, not all but some government officials are for sure corrupt, but what I liked with their decision is that almost all countries in Africa has Bitcoin approved, it could be a big help for the citizens, and hopefully it could lessen the poverty.

Slow death

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Leading Crypto Sports Betting & Casino Platform

Quote from: CryptopreneurBrainboss on February 12, 2019, 05:33:54 PM

[...]

Africa is a continent that is full of corruption and dictatorship regimes, African politicians only pass laws that benefit their corruption and dictatorship, something like bitcoin that is decentralized can only survive in a small number of African countries. And note that the maim impediment of people using bitcoin will not be the lack of internet or lack of electricity or lack of computers or lack smartphones... it will be because of corrupt politicians

Quote from: CryptopreneurBrainboss on February 12, 2019, 05:33:54 PM

Any African out there willing to connect with others, you can join the fit-to-talk project started by Jet Cash, it has a board dedicated to Africans.

It seems to me that you took advantage of the opportunity to promote this forum " fittotalk.com "

Yaunfitda

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Quote from: Johnzky on February 15, 2019, 10:00:33 AM

I really love seeing some thread that tackles positivity than the negative effect of crypto specially in countries from the continent of africa in which experiencing poverty but yet come to join the cryptocurrency fever.

It's because crypto is sound money for them, and it will be a big help for them to alleviate their standard of living through the help of crypto, I reckon.

Quote from: Johnzky on February 15, 2019, 10:00:33 AM

sometimes i am asking why countries like them are more involved than the bigger ones.they are more supportive than my own country though we have no strict regulations regarding crypto

Bigger nations will lost a lot if their population will be totally in crypto, just like China says. They think it will disrupt their stable economy. On the other hand, developing nation has nothing to lose and it's a win-win situation for them, that's why it's easy for their government to turn pro-crypto.

markstivn98

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[/quote]it seems that the government is working to improve the economy and does not care a bout the dangers of bitcoin
this is good the economy and living conditions in these countries may improve
hoping to be in all countries

Mpamaegbu

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Quote from: Lizzylove1 on February 14, 2019, 04:18:27 AM

Quote

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.

This is truth, I think the issue is partly because of the lack of support from the apex bank governor Godwin Emefiele. He has been very critical of the bitcoin and Cryptocurrencies, instead of educating the public about what it's all about, he keeps saying it's a form of gambling. I believe he is been bribed by bank owners in other to keep customers under check.

Honestly, I am not sure Emefiele or anyone at the CBN understands how Bitcoin or the blockchain tech works. You don't give what you don't have. I would've been one of those discouraged with his warning in 2016 if I had paid him any attention.

johnny508

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This is a result of bitcoins popularity as a great investing commodity because past years Bitcoin was able to make many number of millionaires through investments so even majority of African countries are poor and has no proper IT infrastructure the remaining rich business class minority was attracted which will do good to the Bitcoin market but if we expect Africa as a region to grow due to such investments it can never happens because without effective expansion among every citizen and adoption Bitcoin cannot do any good for the majority of the country

Johnzky

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I really love seeing some thread that tackles positivity than the negative effect of crypto specially in countries from the continent of africa in which experiencing poverty but yet come to join the cryptocurrency fever.sometimes i am asking why countries like them are more involved than the bigger ones.they are more supportive than my own country though we have no strict regulations regarding crypto

kucritt

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i think all of bitcoin user more than 80% use bitocin for trading and investment program, because many people know bitcoin and bitcoin popular because of investment media and the trading media. so we all here hope that in the future we can sue bitcoin and other cryptocurrency as the daily currency that we can use to pay anything in our life`

Distinctin

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Quote from: Lpim01 on February 15, 2019, 08:17:41 AM

Quote from: benres on February 15, 2019, 07:05:46 AM

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.

We know already what is the situation inside Africa and they are not really improving in terms of financial stability but they are looking to be a part of crypt development. Such a good thing to see how they adopt the new system despite of their struggles but for sure only few of them were making crypto as an investment and many were ignoring these thing.

Crypto isn't just for uncivilized country nor they are limited of resources, everyone are welcome to be a part of this growing technology.
Yes, they don't have good financial stability to put huge amount in investment but they are looking forward into their success. Maybe this time, we can't see for it huge development but they can acquire it from time to time and when their government will help them.

Lpim01

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Quote from: benres on February 15, 2019, 07:05:46 AM

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.

We know already what is the situation inside Africa and they are not really improving in terms of financial stability but they are looking to be a part of crypt development. Such a good thing to see how they adopt the new system despite of their struggles but for sure only few of them were making crypto as an investment and many were ignoring these thing.

Topic: The used of Bitcoin in Africa - page 9. (Read 20407 times)