But in many African countries, electronic money is seen as an opportunity and increasingly accepted.
Many countries in Africa accept electronic money and apply blockchain technology, to digitize and diversify their markets.
Topic: Will Africa be a good place for crypto? - page 14. (Read 3578 times)
maybe a good african country to become a cryptocurrency place but I see some african countries are still not too risky, so even then you should be more careful with the cryptocurrency you have.
I think not just Africa that will be a good place for crypto, but the other country is also a good place because every people can have the same opportunity to get their chance to make money. It depends on how people react with the crypto, and if somehow, the people can take the benefits from the crypto then I am sure that they will stay in the crypto and they will try to get more and more benefits.
We do not have the basic facilities available to the common people in Africa let alone the use of Bitcoin. Africa has so many issues to focus on besides this one. So the countries with low per capita incomes are normally reluctant towards accepting this new system because it is thought of as disturbing the developing economies. However it is not impossible and if in a country like Venezuela, a cryptocurrency state bank could open, the same could also happen here. This system will work anywhere where it has demand.
For me Africa might be a place for cryptocurrency, but the present state of development is a disadvantage to the development of crypto, presently most Africa countries are still tag as developing countries and yet keep on upgrading in terms of their industry, base on the technological development and economic status, most do not have access to internet facilities and electricity is still not stable, this are core need for cryptocurrency to be extinguished.
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?
Crypto is for all who wants to accept it and I think crypto will be good in Africa as long they can manage it well and use it to good things. Crypto will be big help to them mostly to the people that need it most. Some of people in Africa is hard to have a good life and I think crypto will be a big help to them. 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?
Very few African countries have got people who are financial stable and those will surely make use of the cryptocurrency, and when it comes to the rest it is uncertain. Because majority doesn't get even their daily food, by that situation the focus will be towards food and not towards any form of technology growth.
Bitcoin and crypto currency will be well developed where internet is also developing because it can not run without internet. Based on I ever read that internet in Africa is rapidly developed since recent decade. It shows 67% from total population of African now are becoming a internet user. Thus, Africa has potential for crypto to grow more and it is probably will be good place for Crypto. It will help African to help and solve the economics problem and poverty.
That is a good question. Probably they will use it as digital currencies and wallets only in relatively far future. Their socio economical statement need improvements first.
They've been at at the very least, more friendly with cryptocurrencies compared to other countries. Some Asian countries are crypto-friendly too.
Every country can be a good place for cryptocurrency. But I think it will become better if it will establish in the country that is industrialized already. Africa is good also because a lot of natural resources can be found in this continent. There are many things to be developed and of course, they can make it specially, nowadays that there is a globalization.
Africa is a big continent and bitcoin can have a great potential there. If only Africa can adopt it fully, it will mean a lot of support and strength for bitcoin.Countries with an emerging economy are fertile ground for cryptocurrency, as there is no need to break the old foundations.
There are some countries which makes good crypto every year and they even never care about the market cap, but according to me the best country for crypto is those who accept it earlier as it effects the economy of any country really well so everyone can as America should accept the value and worth of bitcoin, it is best part of bitcoin journey.
Countries with an emerging economy are fertile ground for cryptocurrency, as there is no need to break the old foundations.
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 found a new crypto that emerged from Africa. 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?
ann : https://bitcointalksearch.org/topic/annprivate-sale-live-afrochain-the-first-decentralized-blockchain-for-africa-5040437
bounty : https://bitcointalksearch.org/topic/bounty-afrochain-the-first-decentralized-blockchain-for-africa-700-000-5028205
I think Africans also have great potential because not all of them are left behind in technology
It is not like we do not have some brilliant minds here in at least some of the developing parts of Africa, but for the general continent itself, a lot will have to do with the government, and not just people who decide to do their own personal stuffs.
In African countries, I am a little hesitant because there are so many cases like ICOs that fail and there are many other cases that use cryptocurrency, so in Africa it is not necessarily a good place for cryptocurrency so you should stay alert when saving your cryptocurrency.
The place of country is not important to save your crypto currencies because all uses same place to store your cryptos only the wallets are differ.But maybe Africa is not a best place to spend cryptos since they are one of the mosr poorest country so they are struggling for their daily life too.We cannot really say yet, how things will turn out, but at least, the fact that some countries in Africa are at least thriving technologically and majority of people are beginning to adopt crypto there, it should be a start.
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?
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 think the only downside of starting your own crypto in Africa, and I am talking about northern states, is their technology and how the internet is spread in there. As you know, many nations there are either not technologically inclined, or its availability is a little scare compared to other countries. Therefore, for an industry that is heavily inclined with the use of the internet, I am not sure if you can make it work, when the basic requisite to be in the market is not close for your to grasp and use. However, if you can find a stable source, which can provide you what you need in order to start up your own coin as a developer or investor or event trader, then go for it.
For your information and for the information of those who are in your category, having been through this thread, Africa is a continent and not a thread, and we have over 50 countries in Africa.
In terms of adoption, there are a lot of factors that will really either limit or make it easy for most part of it. It would have been a continent that would really make us see a difference come into play with real life usage and adoption, but technologically, there are a lot of things that will draw most countries in Africa back as a result of it.
It will be great if Africa will also embrace the blockchain technology showing their support too. I have seen ICOs before that targets to help improve people's lives in that country which can be a crucial event that can help bitcoin grow more its market cap and price.
In Africa there are not only poor countries, but also countries with normal living conditions. Cryptocurrencies are not possible to implement in the absence of the economy.
Just like China most of the mining were there so i think that crypto is growing every where and if the African countries allow crypto as legal there then it will be a good place because many exchanges are operating in the world for crypto trade so i hope that Africa will be the one where the shops and hospital where now fiat is using as payment then crypto will be the option there and just like banks accounts people withdraw through ATM then crypto ATM will be there.
Although many other countries are still fearful and skeptical about electronic money being easily exploited for non-profit purposes such as money laundering, tax evasion and terrorist financing. But in many countries in Africa, electronic money is seen as an opportunity and increasingly accepted. So it can be said that Africa is a good market for bitcoin to grow.
In African countries, I am a little hesitant because there are so many cases like ICOs that fail and there are many other cases that use cryptocurrency, so in Africa it is not necessarily a good place for cryptocurrency so you should stay alert when saving your cryptocurrency.
The economy of the country is not as good as that in Europe or in Asia, so in my opinion, if there are many cases that occur in Africa about a lot of ico who have failed, it is a natural thing.Jump to: