What is happening in Africa? And what can we make happen? - page 2.

Victorycoin

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Quote from: MadGamer on April 17, 2017, 12:58:08 PM

If there are some countries that you should set as a target then those will be Algeria, Tunisia, Morocco and Egypt, not because they are one of the richest but because they are more opened to this stuff I believe. Bitwala.io made a interesting article a few days ago on how bitcoin became popular in North Africa.

I must tell you though as you might be able to use this in your advantage while making your service, I'd say that 99.99% of Algerians don't know the technical details about bitcoin, how it actually works and what it is precisely but they actually use it and they got to know it from services that offers bitcoin debit cards usually because here, verifying our PayPal account is a problem and those debit cards makes things easier.

You got some points about what might indeed be good for Africa in your second paragraph, but in your bid to make a case for North African countries, you only ended up putting them out of context, because RodeoX isn't looking for placed where Bitcoin already is popular, that actually helps nothing.

RodeoX, it gladdens my heart to note you are interested in propagation of Bitcoin in Africa, couple of guys only picture Lions and Elephants every time Africa is mentioned and that is quite pathetic. I am a Nigerian and got hooked to Bitcoin 3 years back especially because Paypal likes to play the almighty with people from certain regions.

I am highly interested to see how these works out and would be contributing the much I could, but without suggesting any contact from government /businesses - Africa's problem is one and fundamental. At the root of it is the government and the businesses - their accomplices, given they are also their major shareholders. If your real motive is to impact lives in Africa, then you must have to think outside the box or you won't miss a dance in the epic vicious circle out here.

jorneyflair

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Quote from: avikz on April 17, 2017, 03:05:04 PM

It is really great to hear about your contribution on bitcoin’s growth. Also I must admit your great dedication on bitcoin’s progress. Few people like you, can change the world for better.

However, I am not getting a good feeling about bitcoin’s progress in Africa. In African continent people are using digital currency from sometimes now, especially in Nigeria. However, bitcoin’s current situation of high fees is the main roadblock for its success. You need to have something, where the transaction cost is low. That is the reason why, Liberty Reserve was very popular in Africa when it was in operation.

Where people are using mobile minutes to buy daily groceries, I don’t think bitcoin will be a huge success because bitcoin transactions are actually pretty costly. Costlier than any other available options like payeer or Advcash. So have a thorough research on the people behaviors and spending habits to identify the target age group and income group.

If possible find a cheaper option than bitcoin and try to educate them on digital currencies. That would do good for them instead of actually adopting bitcoin for daily transactions. Bitcoin will sound more attractive to them as an investment, not as a transaction facilitator.

It is hard for me to not agree with the sentence, where you said that high fees is the main problem for bitcoin growth and success.
It is indeed a very important factor in considering if some payment method may turn out as a success in financial world. Another important thing, is how long the transaction takes, and as we can see, getting blockchain transaction confirmed three times, takes sometimes even up to 1 hour, with a high fee!

I dont think we may some bigger movements of bitcoin in the Africa, because the infrastructure there is still not ready to be prepared for bitcoin use.
They need more power plants, way more computers and most importantly, they need to develop a prospering economical system, because so far, things are only getting worse right there,

avikz

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It is really great to hear about your contribution on bitcoin’s growth. Also I must admit your great dedication on bitcoin’s progress. Few people like you, can change the world for better.

However, I am not getting a good feeling about bitcoin’s progress in Africa. In African continent people are using digital currency from sometimes now, especially in Nigeria. However, bitcoin’s current situation of high fees is the main roadblock for its success. You need to have something, where the transaction cost is low. That is the reason why, Liberty Reserve was very popular in Africa when it was in operation.

Where people are using mobile minutes to buy daily groceries, I don’t think bitcoin will be a huge success because bitcoin transactions are actually pretty costly. Costlier than any other available options like payeer or Advcash. So have a thorough research on the people behaviors and spending habits to identify the target age group and income group.

If possible find a cheaper option than bitcoin and try to educate them on digital currencies. That would do good for them instead of actually adopting bitcoin for daily transactions. Bitcoin will sound more attractive to them as an investment, not as a transaction facilitator.

mrcash02

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What I know is that nigerians were enchanted by the Ponzi schemes since few months ago, a lot of them started to have interest in BTCs for this reason. About another countries I don't know, I think the adoption is still very low and many lose interest in the currency after losing money by investing in fraudulent schemes and seeing it's not possible to earn much money fast without skills.

royalfestus

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crptocurrency is moving in Africa but still at a low adoption rate . However there are quite some developer in Southafrica and North African countries . Some ponzi scheme are adopting it whereas widening the use. Humaniq makes a target of the poorer community in the continent but development will take time except the target is for the right people, the elite adopting the tech and internet use

HabBear

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I don't have contacts in Africa, but I'm very interested in your work and project. Could you share updates here? It would help you generate support for your work and maybe we can volunteer or spread publicity in our local areas for you.

Having the conference in S. Africa makes a lot of sense, but how much focus are you placing on introducing the rest of Africa to bitcoin? I recently created a thread that talked about how easy it is to make money via bitcoin (the industry) and how many poor people living on less than a dollar a day exist in this world. If we could bridge the poor to the opportunities with the bitcoin industry we could change lives!

How does bitcoin get involved in micro finance/lending? How do the poor gain internet access and use it to profit from sites like this one? Etc.

RodeoX

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Quote from: Slow death on April 17, 2017, 12:33:23 PM

I am African, I live in Mozambique...

Quote from: MadGamer on April 17, 2017, 12:58:08 PM

If there are some countries that you should set as a target then those will be Algeria, Tunisia, Morocco and Egypt...

Thanks for your responses! I will check them out.
I found a place in Namibia that is considering letting me pay in bitcoin as an experiment. I also am working on a trade with the Jo'Hansi San. I help the village set up a bitcoin payment option and they teach me to hunt and gather. The San are considered to be some of the best hunters in the world. Check this out!:

https://www.youtube.com/watch?v=826HMLoiE_o

Although these people live a very ancient lifestyle they have representation that allows them to take money for the villages and trade in the capitol, Windhoek.

MadGamer

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If there are some countries that you should set as a target then those will be Algeria, Tunisia, Morocco and Egypt, not because they are one of the richest but because they are more opened to this stuff I believe. Bitwala.io made a interesting article a few days ago on how bitcoin became popular in North Africa.

I must tell you though as you might be able to use this in your advantage while making your service, I'd say that 99.99% of Algerians don't know the technical details about bitcoin, how it actually works and what it is precisely but they actually use it and they got to know it from services that offers bitcoin debit cards usually because here, verifying our PayPal account is a problem and those debit cards makes things easier.

Slow death

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I am African, I live in Mozambique that borders South Africa and I must say that I am very happy to know that you help Africa.

In my country few know about bitcoin, I believe it would be unproductive to come to my country to talk about bitcoin, but I believe that countries like nigeria, southern africa, Kenya and Ghana are better options.

In ghana you can get in touch with Mr. Nii Quaynor President of Ghana Dot Com (GDC)

http://Http://www.ghana.com/

Address: Boundary Rd, Accra, Ghana

Phone: +233 28 951 8437

RodeoX

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The revolution will be monetized!

Last year I focused on developing the bitcoin economy in Iceland, a country that is not friendly to bitcoin but could gain a lot from it's adoption. This year I am looking toward Africa. Last month's blockchain Africa conference in Johannesburg demonstrated a growing interest in bitcoin for the un-banked to do remittance and in person exchanges.

I have not done much in Africa yet. I donate a bit to http://medicmobile.org/ . They develop medical apps for disease surveillance in Africa an other places. But I am considering going to Africa and meeting with business and government decision makers. I think I can make the case for bitcoin among everyday Africans. For example, many poor Africans already use a form of digital currency. They trade phone minutes for goods when shopping.

What I could use help with is selecting a country and choosing who to meet with. If any of you are in Africa and/or have contacts in government/business, I would love to hear your thoughts and back your efforts to popularize bitcoin. I also plan on hiding another bitcoin geo-cache somewhere in Africa and maybe even hosting some kind of event.

Please let me hear your ideas and observations on the topic of bitcoin's future in Africa.

Topic: What is happening in Africa? And what can we make happen? - page 2. (Read 1369 times)