Will Africa be a good place for crypto? - page 5.

AicecreaME

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Quote from: AicecreaME on October 16, 2019, 08:59:31 AM

Quote from: huige007 on October 15, 2019, 03:14:54 PM

Quote from: Tungsten-1 on October 14, 2019, 10:22:08 AM

Quote from: Jorge158 on October 12, 2019, 10:53:09 PM

Due to the economic status of most African countries, the people of Africa embraces anything that brings profit and employment to them. Cryptocurrency projects that targets Africa always win the market in Africa although some places still have difficulties in accessing quality internet connections.

Yeah Africa is good place where so many cities are now adopting new technologies and also bitcoin because they got to know how the rest of world is getting benefit from crypto currencies. Africa was under development ten years ago from now but the now it’s most developed nations and after arrival of bitcoin it has become among top 10 well developing countries.

Africa is nothing out of the world or that part of the world is occupied by aliens. People like us are living there and they are also having rights of enjoying latest technologies. If crypto currencies are introduced there, I am pretty sure they will be welcome by them and people are going to make god investments in this industry.

I am confidently sure that is going to happen, those unfortunate people are the one who have big hearts that appreciates every little things that would help them to survive their everyday lives, anything. Nevertheless, they might going to have a rought time understanding cryptocurrency, I mean, you know, at least you have a small foundation of education for you to understand even just the basic of cryptocurrency then slowly you'll learn about it.

If their government will help them to fund their education in learning on how to use the blockchain and also the cryptocurrency then I believed that the Africa will become one of the top country that uses cryptocurrency. Africa is a poor country for some people but within those poor areas, they have the rich minded people who can create unbelievable things that can help their country to strive.

What I mean is this, Government should help them to build a small foundation in education before rectifying all of the things about cryptocurrency in their minds, it is a complicated stuff, even ABC for those who have literally no idea what education is, you will not understand anything if you can't read.

Quote from: stompix on October 15, 2018, 06:35:44 AM

For god's sake, there are countries there where the illiteracy rate is above 60%!!! , we should talk about adopting an ABC not BTC.

robelneo

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Quote from: UconBit on October 15, 2018, 06:09:18 AM

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 don't know much about Africa but I love their superhero Black Panther how I wish the Wakanda legend is true, but I can ay in general that any country or continent can adopt Cryptocurrency and any place on Earth is good for Cryptocurrency, as long as the place has an internet connection and the technology is ok for adopting Cryptocurrency it will be just fine.
As long as they can educate their people on what and how Cryptocurrency works the better for them.

CryptoBuzzerd

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Right now, Africa and Latin America are best places for crypto - there are only one way to save money from crazy inflation.

asus09

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Quote from: amphibian on October 15, 2018, 08:16:29 AM

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.

Every country good place for bitcoin and altcoin if people want to adopt and government give regulation for bitcoin, but for Africa's people are they interested for investing in bitcoin and altcoin, look they like for investing with buying or selling stock or other online investing, have to try for listing legal coin there and look how interested african with bitcoin and altcoin.

Xxmodded

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Quote from: AdamRay on October 15, 2018, 06:53:22 AM

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.

Majority in Africa not use bitcoin and altcoin as currencies and investment, they still difficult looking for money with their country situation not good for get job, Africa need solution first how to get good job with higher payment and use their salary for investing in bitcoin and altcoin, now they are look hard for get good job and their government not serious to give good position place for Africa.

Afnan_faizah

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Quote from: UconBit on October 15, 2018, 06:09:18 AM

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?

Actually the good trend of bitcoin adoption is not only happen in africa but around the world. Many people in my country now use digital money to buy food and other thing. The world will become cashless society. Africa now is good place for crypto, especially libra. Since facebook assure congress that libra will not exacerbate money laundering or terrorism funding, people now look at crypto more positively.

Serco

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Quote from: Faxmate on October 17, 2019, 09:39:18 PM

Quote from: desticy on October 17, 2019, 08:32:37 AM

In fact, Africa can become very good for the development of the crypto industry, especially if such industries as Energy, Health, Law, Finance, Construction will use blockchain technology in their activities.
This will reduce costs and eradicate corruption, which is crucial for Africa.

If there are such good places present in Africa where electricity is present, then I think there will be no problem in the spreading of Bitcoin throughout the area of Africa. Crypto currencies are not that much difficult to use and that is the only reason for which we can say that crypto currencies can be used in Africa also. If internet is available to them like you sad earlier, then I think they will very well familiar with crypto currencies.

we could educate them first,infrastructure could be second number after knowledge already added.afrika, a country that has oil campany, could be the pioner if they aplied blockchain technology in this industry or maybe on anothers, part africa will be best .many field in africa that of has blockchain system. their work be more efficiency and there are new opporunity to collect in money in and improve their prosperous.

Faxmate

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Quote from: desticy on October 17, 2019, 08:32:37 AM

In fact, Africa can become very good for the development of the crypto industry, especially if such industries as Energy, Health, Law, Finance, Construction will use blockchain technology in their activities.
This will reduce costs and eradicate corruption, which is crucial for Africa.

If there are such good places present in Africa where electricity is present, then I think there will be no problem in the spreading of Bitcoin throughout the area of Africa. Crypto currencies are not that much difficult to use and that is the only reason for which we can say that crypto currencies can be used in Africa also. If internet is available to them like you sad earlier, then I think they will very well familiar with crypto currencies.

Flor1982

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Quote from: GreenStox on October 17, 2019, 08:26:32 PM

Africa only adopts cryptocurrency does not mean that Africa is suitable to be a suitable place for cryptocurrency because I think cryptocurrency can be anywhere because it only requires the internet and electricity used to access the blockchain system.

Africa, Venezuela and other poor countries are both good place for cryptos adaptation and application to see if Crypto could really help a poor nation economy to become strong and stable so that the people will know of what crypto is capable of helping a nation that in need of an urgent development and progress in their economy.

GreenStox

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Africa only adopts cryptocurrency does not mean that Africa is suitable to be a suitable place for cryptocurrency because I think cryptocurrency can be anywhere because it only requires the internet and electricity used to access the blockchain system.

DaveWave

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Quote from: barabarian1 on October 17, 2019, 09:41:57 AM

in my opinion the situation in Africa is different from before. Africa was once known as a poor country and a den of disease. but conditions have changed now, the situation in Africa has improved and has good economic growth. because some African countries are producers of petroleum, so I think blockchain can be applied in Africa. and maybe in the future cryptocurrency will develop rapidly in Africa.

There are major changes in Africa. Rich cities can be capable of adopting blockchain and the use of crypto currencies. But outside these improved cities there are still too many to improve. Electricity and stable internet are one of the most important factors when adopting blockchain and crypto. Big businesses adopting blockchain first can be a good start.

barabarian1

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in my opinion the situation in Africa is different from before. Africa was once known as a poor country and a den of disease. but conditions have changed now, the situation in Africa has improved and has good economic growth. because some African countries are producers of petroleum, so I think blockchain can be applied in Africa. and maybe in the future cryptocurrency will develop rapidly in Africa.

desticy

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In fact, Africa can become very good for the development of the crypto industry, especially if such industries as Energy, Health, Law, Finance, Construction will use blockchain technology in their activities.
This will reduce costs and eradicate corruption, which is crucial for Africa.

DaveWave

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Quote from: UconBit on October 15, 2018, 06:09:18 AM

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?

There are many good places in Africa where electricity and internet are stable, but in the vast rural areas where poverty level is high it would be impossible to use crypto currencies. Crypto currencies used to be for everyone but in other places having an internet is a luxury. Highly urbanized cities in Africa would be a good start when it comes to crypto adoption. I know there are already many Africans that invested in crypto currencies especially on bitcoin.

dioanna

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Quote from: UconBit on October 15, 2018, 06:09:18 AM

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?

It seems like coz when you search google "Bitcoin" you will be surprise to see half of the top 10 were from African countries.

smyslov

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Quote from: UconBit on October 15, 2018, 06:09:18 AM

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?

Every region can adopt Cryptocurrency as long as there are an internet connection and the people and the government are both willing to integrate it to our system, everything starts with willingness, Africa is a huge continent if they can adopt Crypto and the government will not restrict it's people they can have a mark and a place in creating a new technology revolving around Cryptocurrency.

virasisog

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Probably! Africa is the second-largest and second most populated continent in the world.And the conditions on the continent are favorable for virtual currency and its economy. No doubt that Africa’s Digital payment systems are growing at a magnificent pace with developments such as mobile money payments spreading across.

AicecreaME

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Quote from: huige007 on October 15, 2019, 03:14:54 PM

Quote from: Tungsten-1 on October 14, 2019, 10:22:08 AM

Quote from: Jorge158 on October 12, 2019, 10:53:09 PM

Due to the economic status of most African countries, the people of Africa embraces anything that brings profit and employment to them. Cryptocurrency projects that targets Africa always win the market in Africa although some places still have difficulties in accessing quality internet connections.

Yeah Africa is good place where so many cities are now adopting new technologies and also bitcoin because they got to know how the rest of world is getting benefit from crypto currencies. Africa was under development ten years ago from now but the now it’s most developed nations and after arrival of bitcoin it has become among top 10 well developing countries.

Africa is nothing out of the world or that part of the world is occupied by aliens. People like us are living there and they are also having rights of enjoying latest technologies. If crypto currencies are introduced there, I am pretty sure they will be welcome by them and people are going to make god investments in this industry.

I am confidently sure that is going to happen, those unfortunate people are the one who have big hearts that appreciates every little things that would help them to survive their everyday lives, anything. Nevertheless, they might going to have a rought time understanding cryptocurrency, I mean, you know, at least you have a small foundation of education for you to understand even just the basic of cryptocurrency then slowly you'll learn about it.

haidil

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Quote from: Tungsten-1 on October 14, 2019, 10:22:08 AM

Quote from: Jorge158 on October 12, 2019, 10:53:09 PM

Due to the economic status of most African countries, the people of Africa embraces anything that brings profit and employment to them. Cryptocurrency projects that targets Africa always win the market in Africa although some places still have difficulties in accessing quality internet connections.

Yeah Africa is good place where so many cities are now adopting new technologies and also bitcoin because they got to know how the rest of world is getting benefit from crypto currencies. Africa was under development ten years ago from now but the now it’s most developed nations and after arrival of bitcoin it has become among top 10 well developing countries.

of course it's great, if many people adopt new technology and bitcoin. because there are many benefits about crypto if implemented correctly. of course Africa will continue to be a developed country

huige007

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Quote from: Tungsten-1 on October 14, 2019, 10:22:08 AM

Quote from: Jorge158 on October 12, 2019, 10:53:09 PM

Due to the economic status of most African countries, the people of Africa embraces anything that brings profit and employment to them. Cryptocurrency projects that targets Africa always win the market in Africa although some places still have difficulties in accessing quality internet connections.

Yeah Africa is good place where so many cities are now adopting new technologies and also bitcoin because they got to know how the rest of world is getting benefit from crypto currencies. Africa was under development ten years ago from now but the now it’s most developed nations and after arrival of bitcoin it has become among top 10 well developing countries.

Africa is nothing out of the world or that part of the world is occupied by aliens. People like us are living there and they are also having rights of enjoying latest technologies. If crypto currencies are introduced there, I am pretty sure they will be welcome by them and people are going to make god investments in this industry.

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