Will Africa's demand for mobile fintech apps lead the way to crypto adoption

TheTribesman

legendary

Activity: 1019

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Kobocoin - Mobile Money for Africa

If you want to see a real world African blockchain app from Bitsoko click here:

https://bitsoko.io/bits/?s=20#! (login with your google ID)

Order and delivery of restaurant food via the blockchain - done!

The conference was awesome! Head over to the Kobocoin thread for more details.
Keep an eye on Africa, and Kenya in particular...

THE RACE IS ON!

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: MustyMouse on July 23, 2017, 02:02:41 AM

Many countries, including China, Japan, Thailand and India are all investigating ways of implementing blockchain into various aspects of everyday life, ranging from land registration to faster currency exchange and transactions.

Also, bitsoko.io doesn't resolve for me. Is there anywhere else I can gather additional information?

Very true. Lots of implementations worldwide but Sub Saharan Africa leads the way in mobile fintech, and it's the mobile blockchain applications that I think will lead the way.

Some more info on Bitsoko
https://www.coindesk.com/meet-the-kenyan-startup-trying-to-change-bill-gates-mind-on-bitcoin/
http://disrupt-africa.com/2015/07/kenyan-bitcoin-startup-bitsoko-receives-100k-grant-from-gates-foundation/
Most Bitsoko articles focus on Bitsoko getting $100K from the Gates foundation

This is just a standard Google search for Bitsoko:
https://www.google.co.uk/search?q=bitsoko

Here's more info on Mobile fintech in Africa:
http://www.bankingtech.com/676041/2017-the-year-fintech-shifts-its-focus-to-africa/
http://disrupt-africa.com/2016/05/the-unstoppable-rise-of-fintech-in-africa/
https://qz.com/618674/africas-big-banks-are-betting-on-fintech-startups-and-bitcoin-to-beat-disruption/
https://www.seedstars.com/2017/05/09/fintech-in-afrika-is-much-more-than-just-mobile-money-and-remittances/
https://www.gtnews.com/2017/01/06/five-fintech-predictions-for-2017/

Here's an interesting one. Technology being exported from Africa to the rest of the world. MPesa, started by people using airtime as a proxy for money has evolved into an app that's now being used around the world. This is not a blockchain app. It just a demonstration that mobile fintech in Africa is leading the way (and it's under the radar).
https://en.wikipedia.org/wiki/M-Pesa

Hope those links are all OK

CryptosapienZA

full member

Activity: 378

Merit: 101

The Bitsoko website is not working. Will this be in Botswana? I wish I had known about it sooner. Yes, I think Africa is more likely to more crypto adoption because of the convenience. The problem will be the lack of education from government.

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

Quote from: EthereumAdvocate on July 22, 2017, 10:32:20 PM

Please don't be too hard on those of us wanting to read charts and maximise profits, we generally invest in other businesses, specifically Blockchain related etc with those profits to further increase adoption and improve the technology, so some good does come of it, believe it or not.

I do think Africa is well placed for update / adoption of cryptocurrencies/blockchain technologies and perhaps gain more benefit than any other region from it. Nice to hear you are pushing a good agenda for Africa and I wish Africa and Bitsoko all the best in the future.

I didn't mean to be too hard. I guess it's a defence mechanism from being too long in the industry (and on BCT). I'm always ready to be attacked after every post

The conference is in 3 days, and from pre-discussions, I'm hoping I'll have some good updates on current implementations when it's over. We're hoping to come out of this conference with actual implementations and not just recommendations.

MustyMouse

newbie

Activity: 2

Merit: 0

Many countries, including China, Japan, Thailand and India are all investigating ways of implementing blockchain into various aspects of everyday life, ranging from land registration to faster currency exchange and transactions.

Also, bitsoko.io doesn't resolve for me. Is there anywhere else I can gather additional information?

EthereumAdvocate

jr. member

Activity: 47

Merit: 4

Please don't be too hard on those of us wanting to read charts and maximise profits, we generally invest in other businesses, specifically Blockchain related etc with those profits to further increase adoption and improve the technology, so some good does come of it, believe it or not.

I do think Africa is well placed for update / adoption of cryptocurrencies/blockchain technologies and perhaps gain more benefit than any other region from it. Nice to hear you are pushing a good agenda for Africa and I wish Africa and Bitsoko all the best in the future.

TheTribesman

legendary

Activity: 1019

Merit: 1003

Kobocoin - Mobile Money for Africa

While you're all reading charts and wondering how to maximise profits, in Africa we're discussing how to move adoption forward.

I personally believe Africa will lead with way with crypto adoption, meaning real world applications to be used by the population in the very near future.

Remember that Africa is the largest mobile fintech market on the planet by a very long way.

Do you see this happening anywhere else??

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