Bitcoin cash has the potential to achieve mass adoption in the African continent. With the seamless performance of Bitcoin cash network, millions of unbanked African will have access to financial services. But despite all the benefits of using Bitcoin cash, adoption levels in Africa remain the lowest globally.
This is a serious concern that the Bitcoin cash house in african countries must take into consideration, if Bitcoin cash is to help Africa catch up with the rest of the world. But why is Africa lagging behind in Bitcoin cash adoption?
The problems
African population are interested in Bitcoin cash and other crypto currencies, however, this interest doesn't appear to be leading to increase in adoption rates of Bitcoin cash in the continent. What is standing on the way?
Fear.
Fear is one of the major factors preventing Bitcoin cash in gaining mass adoption in Africa. Majority sees crypto currencies as something too risking to invest in. And Bitcoin cash being still young in creation needs to be more cautious about.
Lack of regulations.
Lack of regulations is one major factor limiting Bitcoin cash mass adoption in Africa. Almost all countries of Africa has strict regulations limiting the use of Crypto currencies, and of course Bitcoin cash. No legislation is made for its usage. what this means is that Bitcoin cash and other Crypto currencies are illegal money. In this case citizens are exposed to scammers, which makes them courteous about Bitcoin cash and largely its mass adoption in Africa.
Lack of awareness.
Lack of awareness about Bitcoin cash is another contributing factor to the low rates of its adoption. Bitcoin cash is still a foreign concept to majority in Africa. Only a very small percentage of Africans have knowledge about Bitcoin cash. These are a few young tech entthusiats, Crypto currencies traders and freelancers. The higher percentage of the African population has no knowledge about Bitcoin cash. Bitcoin cash is expected to help the unbanked have access to financial services and regulates the process of obtaining crypto currencies across the world. How can this be possible?
THE WAY FORWARD.
Initiating a start up working with Bitcoin cash.
Start ups such as airdrop of Bitcoin cash can make many people have access to the Bitcoin cash community. Such airdrops with referral benefits will go a long way to achieving mass adoption of Bitcoin cash in Africa.
Organising workshops to teach people across Africa the benefits of Bitcoin cash.
Bitcoin cash house in each African countries to organize workshops across countries to educate people about Bitcoin cash and its benefits. Most people who have not heard about Bitcoin cash and those who still cannot differentiate between Bitcoin BTC and Bitcoin cash BCH can be educated properly through this medium.
Introduction of Bitcoin cash based apps.
It is interesting to note today, a lot of appreciations now runs on a blockchain promoting one Crypto currency or the other. The introducion of Bitcoin cash decentralized blockchain applications for Africans can gain the Bitcoin cash community a lot of users across African continent. Such DAPPS that reward users with Bitcoin cash Satoshis is an ideal way to pilot mass adoption of Bitcoin cash in Africa.
Creating a local Bitcoin cash wallet that directly support exchange of Bitcoin cash to local currencies in Africa.
Exchanging any crypto currency required an exchanger who acts as the middle man between the sender and the receiver. These exchangers usually collect fees for their jobs which can sometimes be unrealistic to many. With a local Bitcoin cash wallet that directly support exchange of Bitcoin cash to local currencies across Africa, a lot of mechart who deals in crypto currencies will switch to Bitcoin cash. Also the unbanked majority can easily get funds sent to them from family members and friends using Bitcoin cash local wallet.
Integration with mobile money services
Mobile money services are gaining ground across Africa reaching the unbanked population in villages and clans. Integrating Bitcoin cash with such services can make Bitcoin cash gain more users. In this case, the mobile money services now serve as the exchanger. To achieve this Bitcoin cash developers need to make a deal with any popular mobile money services in Africa to facilitate the easy take off of such project, thus increasing the adoption of Bitcoin cash.
The adoption of Bitcoin cash in Africa will need the majority of the population to have access to the crypto currency and feel confident using it.
Is a huge goal, but very worthy. Keep it up.