Topic: Will Africa be a good place for crypto? - page 10. (Read 3600 times)
I think Africa is not a good place for crypto, there are not many crypto users in Africa, I also look there are some projects from Africa like ''afrochain" ... and i think it is a low project, for now Africa doesn't have a big crypto community
All around the world there is big change happening through technology. Africa is no exception to it, and it's global participation in the blockchain technology related activities keeps growing. In terms of user base Africa hasn't got big, but there are good number of users in selected localities, further widening of the market could happen through these people who are earlier into the cryptocurrency network.
Crypto is useful for the African content, but it is limited to a degree. For day to day usage, they will probably have to stick with the cash note version of the local currency for convenience. It will be most useful when they are sending money for international transactions - but even that has pitfalls as there is no chargeback option if someone overseas tries to scam you,
Africa is not a single country. There are more than 50 different nations and the laws and regulations regarding Bitcoin can be different for each of them. From what I have heard, sizable markets exist in three of the African nations - Nigeria, South Africa and Kenya. So as a first step, we can concentrate on these nations and later expand to the others.
Yes, of course, Africa will be a good place for cryptocurrency. Because now African people have got the idea about cryptocurrency. They are now starting to use cryptocurrency. Among African people, the positive idea about cryptocurrency has been created. They are now ready to earn and use cryptocurrency. There are many campaigns to promote cryptocurrency now in Africa. So I think the future of African people is bright. Africa is a good place for cryptocurrency.
Thank you
Crypto currency will not get better if they are using to make profits because the profits will be converted into fiat money which makes the implementation of decentralization to be void.Africa is a good place where their money has no stable value and got corrupted much so they have an option to pick decentralization but its still on the hands of people from Africa. Thank you
Yes, of course, Africa will be a good place for cryptocurrency. Because now African people have got the idea about cryptocurrency. They are now starting to use cryptocurrency. Among African people, the positive idea about cryptocurrency has been created. They are now ready to earn and use cryptocurrency. There are many campaigns to promote cryptocurrency now in Africa. So I think the future of African people is bright. Africa is a good place for cryptocurrency.
Thank you
Thank you
The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?
I'm not from Africa but with it's population, financial history, and economic status, they can do it and in fact, they should, if the digital wallets have a huge success here, I can't see any reason why they should not succeed here, and I've also seen a lot of good developers here in Bitcointalk offering their services.With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?
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The introduction of crypto to African countries would further worsen their state of finances as most governments of theirs would find ways and means to jeorpadize the features of the technology just to satisfy their greed. In addition, most african countries have very low literacy rate and one common theme in crypto investments is doing your own research. So how do you expect countries with very low literacy rate to conduct background researches into some activities in crypto.
l am not sure what Africa you're referring to, but it's incorrect to throw a blanket over a whole continent and make rash conclusions. There is a burgeoning middle class in Africa that is adopting all the latest technology and thriving at it too. Yes, levels of literacy in some areas may be low, but only people who are willing and able to can adopt crypto. Hence, it doesn't necessarily translate to worsening conditions on the continent. Besides, how much research do people from developed countries or 'high literacy rate' countries actually do? 
The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?
I'm not from Africa but with it's population, financial history, and economic status, they can do it and in fact, they should, if the digital wallets have a huge success here, I can't see any reason why they should not succeed here, and I've also seen a lot of good developers here in Bitcointalk offering their services. With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?
The introduction of crypto to African countries would further worsen their state of finances as most governments of theirs would find ways and means to jeorpadize the features of the technology just to satisfy their greed. In addition, most african countries have very low literacy rate and one common theme in crypto investments is doing your own research. So how do you expect countries with very low literacy rate to conduct background researches into some activities in crypto.
Africa is indeed a continent with good technological developments, even in the field of crypto currencies.
therefore Africa is indeed a place that is either a crypto currency.
Well I think all over the Africa we can see users of crypto currency, there are so many people who are using it for purchasing goods with crypto currency, as some of my relatives do live there and they use to buy anything they want, with crypto they can buy without any problem so I am sure Africa is the best place for it and all over the world crypto currency is being use.therefore Africa is indeed a place that is either a crypto currency.
Every where will be good for cryptocurrency if government want to accept bitcoin as transaction payment and want to make bitcoin become legal transaction, I thin every country will have many investor are interested with bitcoin and altcoin investment.
Yes, I agree. if the government there accepts bitcoin, and teaches their people about this technology, I think this can be a very good development for them. however, until now not many countries have implemented bitcoin, or taught bitcoin for their people.Only few countries are left that ban bitcoin and crypto but now its been said that almost hundered countries are now using and legalizing cryptocurrency and yes you guys were right that every country is ideal crypto start ups as long as they allow cryptos but africa is the one that we are talking about here . as i see africa is a large country but most of the cities on this country are maybe not yet develop . its better if we foccus sorting this issue before we advance to teach those people to join crypto .
Every where will be good for cryptocurrency if government want to accept bitcoin as transaction payment and want to make bitcoin become legal transaction, I thin every country will have many investor are interested with bitcoin and altcoin investment.
Yes, I agree. if the government there accepts bitcoin, and teaches their people about this technology, I think this can be a very good development for them. however, until now not many countries have implemented bitcoin, or taught bitcoin for their people.
Every where will be good for cryptocurrency if government want to accept bitcoin as transaction payment and want to make bitcoin become legal transaction, I thin every country will have many investor are interested with bitcoin and altcoin investment.
I don't think Africa can really cope with the technology behind cryptocurrencies at the moment because most parts of Africa are still facing issues with energy supply and most of them also don't have constant internet supply. With the little amount of internet supply that is provided has also weak signals and this is really not good for cryptocurrency transactions. Hopefully Africa can come on board into the cryptospace have been fully developed.
Yeah, it could be hard for them due to its capability but they have still chances to cope up this technology if their leaders will pursue to their plans of adopting the system. They people aren't capable enough to run in solo, though not all of them cause I know that some of them where in crypto now but majority of them can't be. Anyways, we are still in the early stage and have enough time to catch this technology.I don't think Africa can really cope with the technology behind cryptocurrencies at the moment because most parts of Africa are still facing issues with energy supply and most of them also don't have constant internet supply. With the little amount of internet supply that is provided has also weak signals and this is really not good for cryptocurrency transactions. Hopefully Africa can come on board into the cryptospace have been fully developed.
Yeah, it could be hard for them due to its capability but they have still chances to cope up this technology if their leaders will pursue to their plans of adopting the system. They people aren't capable enough to run in solo, though not all of them cause I know that some of them where in crypto now but majority of them can't be. Anyways, we are still in the early stage and have enough time to catch this technology. 
I don't think Africa can really cope with the technology behind cryptocurrencies at the moment because most parts of Africa are still facing issues with energy supply and most of them also don't have constant internet supply. With the little amount of internet supply that is provided has also weak signals and this is really not good for cryptocurrency transactions. Hopefully Africa can come on board into the cryptospace have been fully developed.
The success of digital wallets in the African continent was really great and based on what I've read on news articles about it, it really helped the economy and the businesses when it all started years ago.
With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?
Although Africa is trying to develop Crypto as well as blockchain technology, their country still cannot make the blockchain popular and better. We all know that Africa is a collection of underdeveloped countries and it certainly will not bring about a good crowd effect. With this in mind, will Africans be welcoming of bitcoin/altcoin as a real currency and not just a quick way to earn cash or invest? Like using it as real money / cash?
Based on my current observation countries from africa are highly involved in high level of corruption, therefore it can really be a good alternative if the people around this area will consider blockchain tech.
The problem here is that most of the people here haven't understood this type of technology. Just like what happens to the Philippines when everyone are getting hype then realizing in the end how ignorant they are. If this countries will only take time to study how blockchain technology works then this might solve the problem rather than having the same mindset all over again "ez money scheme".
Look how china is progressing and look at how their government reacts because both of it's people and it's government bodies fully understood it's risk,benefits and features.
The problem here is that most of the people here haven't understood this type of technology. Just like what happens to the Philippines when everyone are getting hype then realizing in the end how ignorant they are. If this countries will only take time to study how blockchain technology works then this might solve the problem rather than having the same mindset all over again "ez money scheme".
Look how china is progressing and look at how their government reacts because both of it's people and it's government bodies fully understood it's risk,benefits and features.
As for I have heard and read about the current status of the Africa regarding crypto currencies, the citizens there are currently having their revolution too in crypto currencies. There have already been many transactions that involves the use of crypto currencies. This is a good thing to heard right. And for that, I do hope that all countries around the globe will be in one in the use of crypto currencies.
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