Does it work? The question on most Africans minds about Crypto currencies.

0 12
Avatar for Dara-Abasi
3 years ago

It has always been inevitable. By it, I mean the Era of crypto currencies and digital banking. Never would it have occurred to the average man from Africa about 10 years ago that the would come a time when viat currency would be replaced by something more meaningful, efficient and secure.

This Era has brought alongside it much doubt and so many more questions to the heart of African youths like, "why should we trust something we have no access to the Principal authority?". Stories of online business plan gone bad comes in readily in their defense for not trying to get on board the crypto ship and sail along.

Research Reveal

A little but quick study carried out at a university located somewhere in South South Nigeria exposed the extent to which ignorance and fear has crept into the minds of most people. Not for the fact that they've lost money to trading or anything related to crypto currencies, but that they've heard stories of people who had fallen prey to ponzi schemes and in some way that baffles me, they believe crypto currencies will end up that way.

What Could Be Done?

I have always believed that an early education about the situation of things in the world, most especially the economy of the world, should be Paramount in most high schools. Growing up with such knowledge at your disposal would have paved a path to whatever the future might hold. A lot has happened since the invent of bitcoin and to my dismay, most people still don't know nor have they ever heard about Bitcoin (unbelievable right!). Well that's the situation of things over here in this small part of a large world, the question you'll always get hit with when telling someone how the crypto world works will be, Does this even work?

Feel free to leave a comment 😉

1
$ 0.00
Avatar for Dara-Abasi
3 years ago

Comments