I wondered this also. So I'm going there to find out.
Many of thee reasons people think are not well founded. Africa is a happening place right now with a lot of tech projects. And Africans are already using forms of digital currency without banks. For example a commonly used form of money in Africa are cell phone minutes. They trade them with their phones rather than use them to talk. So you might buy something from a street vendor for 36 talk time minutes.
I'll have more to report when I get back to the states next year.
Topic: Why is Africa Slow on the Bitcoin Uptake? - page 4. (Read 1035 times)
Africa is always slow. It never keeps up with the rest of the world and their answer usually is "because white men raided us, disturbed the peace, were exploring, digging out diamonds and stuff" In reality 2000 years ago when Romans were conquering Europe and building roads people in Africa were chasing monkeys and living in clay huts. 1000 years later it was still the same.
You're wrong! Africa is the cradle of civilization, look at the many inventions from Egypt alone. The colonization had a negative effect on Africa, you can't rob a continent of his working class and use them to build your continent and expect them to catch up with the rest of the world overnight. Apart from this, the western world have consistently sabotaged Africa's growth. First by installing bad leaders, secondly by colluding with corrupt government officials to decimate their economy. Have you been to Africa? until you do you may not have answers to these questions.
We're talking about a 3rd world continent. It's not hard to guess why the bitcoin uptake is slow.
One of the greatest obstacle militating against growth of bitcoin in Africa is electricity and unavailability of internet, according to statistics from wikipedia '6.2% of the World's Internet subscribers are Africans. This show there are smaller internet users in Africa, and accessing bitcoin online requires internet.
Not all understand about bitcoin, besides the absence of advertisements or agencies that introduce digital currency such as bitcoin to the public. And the community itself who does not want to find out about bitcoin is the cause of the slow bitcoin in Africa.
Africa is always slow. It never keeps up with the rest of the world and their answer usually is "because white men raided us, disturbed the peace, were exploring, digging out diamonds and stuff" In reality 2000 years ago when Romans were conquering Europe and building roads people in Africa were chasing monkeys and living in clay huts. 1000 years later it was still the same.
My teacher always told me that there aren't any dumb questions.
This is one.
This is one.
They might just not know, just answer the question. people learn different ways.
My teacher always told me that there aren't any dumb questions.
This is one.
This is one.
I don't know in Africa but here in South America we are not even used to credit cards so... how could common people believe in digital currencies? Besides, our political systems need corruption and banks. So, government would hardly promote bitcoin.
Many countries in Africa don't even have power every day let alone the computer knowledge to get on the internet and google bitcoin. There are plenty of exceptions like South Africa. There is a chart out there called "Maslow's Hierarchy of Needs". Simply put, if you are having trouble surviving...you can't focus on anything else including simple things like trying to better yourself. Bitcoin is pretty high on that pyramid. With rampant corruption, poor electricity, water and other utilities. They sadly have other things to worry about. :/
There are masses of potential for Bitcoin in Africa. It’s a monetary system for the unbanked, it’s trustless and far less corruptible, and it can create a new monetary system where there’s no long legacy of banking and financials.
However, across the continent, in different countries, the uptake has been surprisingly slow. From South Africa and Nigeria, as the biggest players in Bitcoin, to smaller nations like Tanzania who are seeing big growth, but with small numbers.
https://cointelegraph.com/news/why-is-africa-slow-on-the-bitcoin-uptake
However, across the continent, in different countries, the uptake has been surprisingly slow. From South Africa and Nigeria, as the biggest players in Bitcoin, to smaller nations like Tanzania who are seeing big growth, but with small numbers.
https://cointelegraph.com/news/why-is-africa-slow-on-the-bitcoin-uptake
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