They've been at at the very least, more friendly with cryptocurrencies compared to other countries. Some Asian countries are crypto-friendly too.
Yes, hopefully I am an African country that can accept bitcoin and blockchain systems well, because more and more countries can receive bitcoin well, so the growth of bitcoin in this world can grow quickly and easily 
Topic: Will Africa be a good place for crypto? - page 22. (Read 3618 times)
I have seen so many ICO from South Africa, they are all scam, i dont know if i missed some.
One of the biggest scam was MOYA TOKEN.
The project aims to have a better internet connections on that country to lay pipe for good fiber connections.
But suddenly after the distribution of tokens they run away.
better to look at cryptocommunity growth year by year.if we talking about fake ico, i think its not only from african.but many come from other country too. One of the biggest scam was MOYA TOKEN.
The project aims to have a better internet connections on that country to lay pipe for good fiber connections.
But suddenly after the distribution of tokens they run away.
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.
I have seen so many ICO from South Africa, they are all scam, i dont know if i missed some.
One of the biggest scam was MOYA TOKEN.
The project aims to have a better internet connections on that country to lay pipe for good fiber connections.
But suddenly after the distribution of tokens they run away.
One of the biggest scam was MOYA TOKEN.
The project aims to have a better internet connections on that country to lay pipe for good fiber connections.
But suddenly after the distribution of tokens they run away.
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 it will be as long as people there would acknowledge new technologies and someone will teach them how to use it properly. Hope that someday their place would look like "'Wakanda" in movies.
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 think there was something in the news couple years ago how someone from another country constantly sent a poor african person bitcoins via sms and he cashed it out via a store and that's how he was keeping alive, the person who sent money sent only couple bucks every once in a while whereas couple bucks once in a while was enough to just help that person to survive. 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?
Bitcoin can not only help people in africa insanely with the improved technology and the helping out the reach to other countries and getting the payments easily for working online (think of africa being like a new india where tech helps the people out a lot) but also could help everyday regular people help the africans directly without putting any middleman in between which is an amazing achievement if you think about it. I think bitcoin can change so much in the world and we are just scratching the surface so far.
For bitcoin, every place can be the right place when a correct policy is implemented. if we consider the current conditions and developments, it is not in a very good condition. it does not promise. adequate infrastructure and economic situation is not very bright.
Entire world is a good place for cryptocurrencies, Africa is just one of the continents. But most of the African countries are in chaos, their progress is slow cause of that, so what we can expect from Africa in reality? They will stay behind, until they unite and start work together not among them. They have power to speed up the process, but will they do that or not we will see in next decades.
I believe Africa will be a nice place for cryptocurrency to thrive well as we have a large influx of participants from early this year. I have seen a project targeted towards Africa too; KWHcoin which is planned towards sustainable and renewable energy.
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?
Africa is in financial crisis today because of the influence of dollars in their economy and the only way to come out of it is to adopt cryptocurrencies before every other contents adopt it as a mode of payment and store of value. Many African people are developing love for bitcoin and cryptocurrencies but they leaders are ignorant of it. 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?
People are underestimating the resolve of people, when it comes to currencies. The uneducated people still use money, even if they cannot do the math. How did the uneducated people in Zimbabwe manage with fiat currencies, when they had to work with numbers in the Trillion range?
The educated are helping the uneducated and the disabled people and they still mange to buy things, no matter what the challenges are.
Bitcoin will be difficult in the beginning and then the educated people will make it easier and more user-friendly for the uneducated people to use this technology.
The educated are helping the uneducated and the disabled people and they still mange to buy things, no matter what the challenges are.
Bitcoin will be difficult in the beginning and then the educated people will make it easier and more user-friendly for the uneducated people to use this technology.
I've read is different from all the characteristics between currencies and cryptocurrency, meaning that crypro still needs deepening and other details to be used as an exchange tool or what we often call 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?
Though some parts of Africa suffering from difficulties in their daily lives they may use to welcome bitcoin and altcoin as their money and for other transactions it might be useful to them to have a certain finances for their life. A country like Africa who's use to entertain ideas like crypto are those who will be more innovated if it goes through.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?
Africa is not a country mate, it is a continent and there are about 57 countries or thereabout in this part of the world. Some research was conducted by world bank and it was discovered that about 47% of the population of sub-Saharan Africa, lived on $1.90 a day or less. Although, it was discovered as well that the Youth literacy rate has increased over the years and it is about 70% if I recall right and that is a good start.
However, we still have to understand that access to cryptocurrency can only be possible if there is an access to Internet or other basic facilities which is unavailable to people in most part of Africa. Although, I can say that some of the developing parts with access to technology may be doing well, but if we are to compare to the total population of Africa, there would be some limitations and barriers to most part of the population and that is going to be a challenge to adoption in the most of Africa.
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?
Though some parts of Africa suffering from difficulties in their daily lives they may use to welcome bitcoin and altcoin as their money and for other transactions it might be useful to them to have a certain finances for their life. A country like Africa who's use to entertain ideas like crypto are those who will be more innovated if it goes through. 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?
They've been at at the very least, more friendly with cryptocurrencies compared to other countries. Some Asian countries are crypto-friendly too.
It seems to me that those countries whose internal economy is very weak will accept the cryptocurrency. In Africa, with the economy, everything is bad so they must be one of the first to accept the cryptocurrency
Glad to hear that crypto able to help some poor countries to have a better life, Africa really help to spread the word avout crypto, unfortunately the usage and the power to boost crypto still weak in Africa, and I dont see crypto has solve any problem yet in Africa, I think the influence of Africa in crypto is still small
Same like any other place
Already Africa money is mobile money
There is lack of bank and ATM to withdrawn cash
Biggest problem is that Africa is huge continent with lot of problems
There is still slavery and neocolonialism there
One of the biggest problem is quality connection
Remember Africa is continent not a one country
Already Africa money is mobile money
There is lack of bank and ATM to withdrawn cash
Biggest problem is that Africa is huge continent with lot of problems
There is still slavery and neocolonialism there
One of the biggest problem is quality connection
Remember Africa is continent not a one country
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?
People have no money. You can invent any type of payment solution if there is no money, everything is useless.
Africa if it can be classed as an emerging market could be a good place fror crypto
but only in the urban centres and by people with disposable incomes which i suspect
are currently in the minority.
Much of africa is producing precious gems and metals yet the majority of people are
illiterate and impoverished by western standards, how exactly is crypto going to help?
im not so sure.
There are a lot of historical problems and stats which stack up against Africa in general
im not sure crypto can right all the wrongs, some wiki reading >
https://en.m.wikipedia.org/wiki/Poverty_in_Africa
This report from bloomberg predicts something very healthy for the future though and
is linked to China. If things progress as China is banking on well then Crypto could in fact
become the most important place for crypto.
https://www.bloomberg.com/view/articles/2018-09-21/africa-economy-west-should-try-to-match-chinese-investment
but only in the urban centres and by people with disposable incomes which i suspect
are currently in the minority.
Much of africa is producing precious gems and metals yet the majority of people are
illiterate and impoverished by western standards, how exactly is crypto going to help?
im not so sure.
There are a lot of historical problems and stats which stack up against Africa in general
im not sure crypto can right all the wrongs, some wiki reading >
https://en.m.wikipedia.org/wiki/Poverty_in_Africa
This report from bloomberg predicts something very healthy for the future though and
is linked to China. If things progress as China is banking on well then Crypto could in fact
become the most important place for crypto.
https://www.bloomberg.com/view/articles/2018-09-21/africa-economy-west-should-try-to-match-chinese-investment
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