Topic: Will Africa be a good place for crypto? - page 16. (Read 3600 times)
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.
Africa as a good place for crypto? Yes it would. Africa is a continent where some countries are ready to embrace good things. Ofcourse, banks are there to oppose certain things which are likely to pose their businesses to threat. Once africans realize crypto will fetch them money, they will quickly embrace it and work into crypto. However, in an instance where the money is keeping them to wait longer, trust me they will back off. Crypto will be good in Africa but the issue of patient can be a challenge.
1st they must be expose to crypto, before that, they must expose to education, before that, they need better life conditions. crypto is good but africa is not yet a right place to do crypto. adoption rate is still low. network coverage is low, and dont expect anything from people, they hardly got cellphone.
I don't know, but aa progressive as siuth Africa could be, i think they will accept it as a currency. Then again, if we're talking about the indigenous tribes in Africa that still holds true to their traditional values, then i guess it will be much more harder to make them accept crypto currency much less Fiat currency at all.
I think it is very difficult with natural and geographical conditions not supportive, crypto currencies can be used 100% because of the internet. So with the internet conditions that are still scarce and the level of intellectual society that is still lacking, it is certainly difficult for the crypto currency to develop. They may not know about cryptocurrency. 
Yes it has a good population and people are getting educated day by day. African educated people are some of the most genius people out there.
more than 60% of the total population of Africa is below the poverty line and dont know what internet and gadgets are. for now Africa is certainly not a good place for crypto to be used there. but they will certainly develop. day by day they will get to know the internet and they will start to recognize bitcoin in the next few years 
Why not? South Africa is a booming market these days and i think that investing on them is great. Now if inly civil wars, tribals wars and illegal destruction of wildlife were to be completely eliminated then the continent as a whole would be a bery good opportunity for growth and profit to recirculated and build infrastructures for.
I don't know, but aa progressive as siuth Africa could be, i think they will accept it as a currency. Then again, if we're talking about the indigenous tribes in Africa that still holds true to their traditional values, then i guess it will be much more harder to make them accept crypto currency much less Fiat currency at all.
Maybe it will be a good place, some parts of Africa has technology and people can learn from there, I think they can cope up with the present progress of other nations, Just by focusing on their determination and look always for the possibilities for their future, There are a lot of ways in earning money you just know how to use your abilities to do that.
No, and there are several reasons for this, first of all the amount of infrastructure needed for cryptocurrencies to work is enormous, you need a reliable internet connection and for that you need a reliable electric grid and if that was not enough you need access to the internet through a computer or a smarthphone.
And not only you need all of that, we need also to talk about the costs, the average income in many African countries is very low, so not only they will need to invest a huge deal of that money just to get access to cryptocurrencies but they will also need to pay for the transaction costs and we know that when the network is busy those costs can be high and finally cryptocurrencies are not easy to use and there are countries with a huge problem of literacy, so cryptocurrencies do not seem to be answer to the problems in the continent.
And not only you need all of that, we need also to talk about the costs, the average income in many African countries is very low, so not only they will need to invest a huge deal of that money just to get access to cryptocurrencies but they will also need to pay for the transaction costs and we know that when the network is busy those costs can be high and finally cryptocurrencies are not easy to use and there are countries with a huge problem of literacy, so cryptocurrencies do not seem to be answer to the problems in the continent.
African continent suitable place to govern or become the center of crypto. as we know the continent of Africa with low human resources it must be very difficult to implement crypto in its society. maybe only South Africa is able to accept crypto in his country.
I think not because some places of africa has no good internet connection and usually country that belongs to the africa continent are poor. So, if one rich man will do invest in africa their economy will be affected that includes local exchange for every huge transactions you will going to bring home in your rich country will definitely a big loss for the African people. I do not belittle them but rich people will be richer and poor will become poorer so I do not like that africa will be a place for crypto.
I think it is justified, Africa has developed more than before. Over the past few years, the African economy has seen a marked shift. The educated people are more advanced in the manufacturing business, derived from the economy of South Africa. Now, putting bitcoin / altcoin into Africa will be a very good time for Africa to progress more in the investment and development of Africa. They will consider bitcoin / altcoin as cash using it as necessity. Crypto will be safer and more convenient to develop on this continent.
Developed? Not even close! Apparently, you did not see the video Stompix posted to have seen how embarrassing it is, to know that even one of the countries in Africa that is considered to be doing well, have a leader that is not even educated enough. Education is one thing we should even be looking at in this part of the world and considering that before you can even get close to understanding how to use bitcoin or cryptocurrency at large, you will need to understand what it is first, I wonder how they would be able to fathom what this is all about without flopping pretty fast.
We may be looking at some parts where the youths are a bit exposed, but looking at the whole continent in general terms, it is something I believe that there is still a long way to go.
In African countries, people spend an average of 27 cents dollar on each cellular credit top up. They use crypto tokens to refill it.
this may sound strange to many crypto industry players, because the current blockchain vision to make the movement of millions of micro transactions around the world has proven to be a difficult challenge to achieve. however, South African startups prove that with a bit of ingenuity and an effective approach it can make cryptocurrency a better payment mechanism than the traditional way that many African citizens currently can in the future crypto, is more famous inAfrica.
Gradually the whole will use cryptocurrency as their local currency. We need to hold and wait for more time. The future is that of cyrptocurrency and as bitcoin is the leading crypto and most acceptable in the world, will take over the market in the future. South Africa was one of the earlier countries that accepted bitcoin as regular currency and the rests followed. this may sound strange to many crypto industry players, because the current blockchain vision to make the movement of millions of micro transactions around the world has proven to be a difficult challenge to achieve. however, South African startups prove that with a bit of ingenuity and an effective approach it can make cryptocurrency a better payment mechanism than the traditional way that many African citizens currently can in the future crypto, is more famous inAfrica.
crypto will be suitable in many countries not only in Africa, I often hear that crypto can give a big impact on the country's economic development, performance efficiency in many fields of work, cut the chain of investment to a shorter one which causes lower costs and many more benefits that we can get
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?
It will be a difficult thing to answer today, because the African continent do not have a good economy. Majority of the people there are poor. So that it is better if they have the goal of earning money first. Then they can invest in bitcoin and with this we can say that this is the perfect time for the bitcoin to become the currency.
gadgets and so on, most Africans may not have that? so it takes a very long process for this..
Maybe not directly has something to do with bitcoin.
I read that Africa, despite it's poor country, they built a lot of blockchain that's now being use and will be sustainable in the future.
I would not be surprise if soon they'll have their own currency.
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?
It will be a difficult thing to answer today, because the African continent do not have a good economy. Majority of the people there are poor. So that it is better if they have the goal of earning money first. Then they can invest in bitcoin and with this we can say that this is the perfect time for the bitcoin to become the currency.
gadgets and so on, most Africans may not have that? so it takes a very long process for this..
Maybe not directly has something to do with bitcoin.
I read that Africa, despite it's poor country, they built a lot of blockchain that's now being use and will be sustainable in the future.
I would not be surprise if soon they'll have their own currency.
I think it is justified, Africa has developed more than before. Over the past few years, the African economy has seen a marked shift. The educated people are more advanced in the manufacturing business, derived from the economy of South Africa. Now, putting bitcoin / altcoin into Africa will be a very good time for Africa to progress more in the investment and development of Africa. They will consider bitcoin / altcoin as cash using it as necessity. Crypto will be safer and more convenient to develop on this continent.
Developed? Not even close! Apparently, you did not see the video Stompix posted to have seen how embarrassing it is, to know that even one of the countries in Africa that is considered to be doing well, have a leader that is not even educated enough. Education is one thing we should even be looking at in this part of the world and considering that before you can even get close to understanding how to use bitcoin or cryptocurrency at large, you will need to understand what it is first, I wonder how they would be able to fathom what this is all about without flopping pretty fast.
We may be looking at some parts where the youths are a bit exposed, but looking at the whole continent in general terms, it is something I believe that there is still a long way to go.
I think the countries there are not enough to use Bitcoin as a major currency. I know that their country is struggling but making money on the Crypto market is a very difficult thing. Because if the investors do not have much money, they will become whale prey. it's true.
Maybe today it is not really applicable. We can predict that it is better if they use crypto currency to produce money as a sideline. Their problem is poverty therefore it is indeed in good project if they engage with creating money. Afterwards if they have enough capabilities then it is the time.
I think for African countries this is a good opportunity to get closer to developed countries in the future. If we imagine that cryptocurrency will replace fiat money, and there will be a large number of bitcoins or other cryptocurrency on the African continent, then the standard of living of people in these countries should in one way or another be much higher than now. As far as I know, in Nigeria, quite a few citizens are already buying bitcoin and have a lot of knowledge in this area. Moreover, African crypto exchangers and other blockchain projects are already being created.
Crypto currency is a source where you can invest in your desire currency and off-course currency increases by value when number of investor increases. Either it is from Africa or Europe or people from Asia, the coin will become stronger. However, Africa is not a place of illiterate people but just like other continents investors also born in Africa though they are not investors from their early ages but just like other people they are also achieving things step by step. 
I don't know, but aa progressive as siuth Africa could be, i think they will accept it as a currency. Then again, if we're talking about the indigenous tribes in Africa that still holds true to their traditional values, then i guess it will be much more harder to make them accept crypto currency much less Fiat currency at all.
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
Yes, why not? Many people are having different prejudice when it comes to Africa and people there but maybe it's interesting to say that according to some research people in Africa are using more mobile phones per person than in some countries in western hemisphere.
Cryptocurrencies are already being used in many countries in Africa and what is obstacle for better acceptance is internet connection and access which is poor in some countries. So better infrastructure and also education would also lead to better use of crypto.
I think nowadays everyone or per person has their own mobile phones and there are also many who have several mobile phones in one pocket. Having a mobile phones I don't think is a guarantee that they will join the crypto world and in a country where there are many people who own mobile phones, I think it is certain that internet connections are well available. So the reason why people in African countries use crypto I think the government or the highest person there is able to convince crypto to many people and perhaps the awareness of the people there who might be very enthusiastic about the latest technology or innovations like crypto. Cryptocurrencies are already being used in many countries in Africa and what is obstacle for better acceptance is internet connection and access which is poor in some countries. So better infrastructure and also education would also lead to better use of crypto.
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