Bitcoin Cash Empowering Africa and Beyond – A Global Directory BCH Accepting Businesses

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Written by

_Bringing Bitcoin Cash to Africa | content creator[just me carrying the world].

1 year ago

Topics: Bitcoin Cash, Africa crypto adoption, BCH Merchants Around The Globe

Mon, Sep 11

Companies specializing in researching cryptocurrency usage and adoption worldwide, assert that the African continent is currently experiencing a surge in the adoption of decentralized assets.

I concur with their perspective, as Africa presents a unique opportunity for this trend. A substantial number of educated young Africans are distancing themselves from government-driven employment strategy narratives and are instead forging their careers in the vast realm of the online world.

The fervor for the virtual world among African youth is a promising sign that they might enthusiastically embrace cryptocurrency payments. Those who can effectively retain significant funds within their control will undoubtedly accelerate the widespread adoption of cryptocurrencies.

In the present context, particularly in the aftermath of the COVID-19 pandemic, many of these exceptionally talented young individuals are venturing into the world of cryptocurrencies. They use their earnings to support families, cover tuition fees, and make investments that promise future returns, ensuring their financial stability in the long run.

It's crucial to acknowledge that the majority of this segment of society faces significant challenges, including unemployment, the desire to start families, tuition expenses, housing, and more. Yet, they represent a pivotal demographic that can potentially transform the cryptocurrency industry into a catalyst for social and financial inclusion, if they collectively embrace this decentralized economy.

In contrast to other parts of the world, in Africa, cryptocurrency holders primarily use digital assets for transactions valued at less than a thousand dollars due to their limited financial capacity. Moreover, these assets are utilized in a less monitored manner, with regional variations in usage practices across the vast African continent.

Cryptocurrencies are frequently used for peer-to-peer transactions, facilitating small payments or purchases such as mobile phone top-ups. These top-ups are vital for connecting them to the internet, enabling individuals to sustain their online activities and generate additional cryptocurrency income through various online opportunities.

While these transactions may not contribute significantly to the multimillion-dollar cryptocurrency market, they play a pivotal role in driving its adoption. After all, users across Africa engage in near-daily transactions involving many decentralized assets.

Numerous examples of effective cryptocurrency adoption exist in Africa, many of which might remain undocumented due to their modest scale. These transactions are often grouped with exchanges or other forms of trading, rather than being recognized for what they truly are: peer-to-peer exchanges between individuals.

My Personal Experience:

The integration of cryptocurrencies into my daily life is a well-established practice, and I've refrained from using fiat currency for payments for quite some time. Bitcoin Cash is my preferred choice, and those with whom I engage in peer-to-peer transactions recognize its value and readily accept it.

Many within my network possess a strong financial knowledge and utilize the Bitcoin Cash I provide for investments in businesses or for sourcing goods for their international ventures. For them, having Bitcoin Cash in their digital wallets proves far more convenient than carrying physical currency from Mozambique to destinations such as Dubai, where they conduct their merchandise procurement. This transition to cryptocurrency payments was driven by the pandemic and has led to widespread adoption of Bitcoin Cash among trade partners.

Nonetheless, it's essential to acknowledge that many individuals in Africa, despite their appreciation for Bitcoin Cash and its advantages, are not yet entirely open to accepting cryptocurrency payments. This reluctance can be attributed to the deeply ingrained habit of using physical cash, which will require considerable time to change.

Even widely adopted mobile wallet solutions like M-Pesa predominantly function as tools for storing digital funds. However, when it comes to actual payments, the majority still prefers withdrawing physical cash to cover their expenses. This deeply ingrained habit will not be eradicated overnight.

For instance, in my daily life, I maintain connections with various peers. One friend, for instance, receives Bitcoin Cash from me, which he promptly utilizes to purchase goods and products from China for his business operations in Mozambique. In the past, he had to travel to China for such purposes, but the pandemic demonstrated the feasibility of remote transactions. Now, he seamlessly transfers Bitcoin Cash to his partners in China, who subsequently ship the goods to Mozambique.

Another case involves a local restaurant owner who, in addition to managing his establishment, also assumes responsibilities as a human resources manager at the Port of Maputo. He readily accepts Bitcoin Cash as payment for restaurant products and then employs the same Bitcoin Cash value to conduct transactions with partners across the globe, procuring unique items for decorating his business and fulfilling various personal desires.

Also, my network extends to construction yards, where I source materials for an ongoing construction project initiated in 2021. Here, I interact with a Portuguese entrepreneur who embraces Bitcoin Cash payments. He utilizes Bitcoin Cash to send remittances to his family in Portugal, simplifying international money transfers.

My extensive network spans across grocery stores, retail outlets, and even includes a medical practitioner who accepts cryptocurrency payments, particularly Bitcoin Cash. These transactions operate exclusively in a peer-to-peer fashion, allowing me to seamlessly conduct financial transactions using Bitcoin Cash for several years now.

Worldwide BCH-Accepting Businesses Directory

I've been developing an idea for some time now, which involves creating a list of places around the world that accept Bitcoin Cash as a form of payment. This list will include countries and establishments that offer products available online.

This article will be regularly updated, and I invite anyone to contribute by leaving information about places that accept Bitcoin Cash in the comments. This way, we can create a comprehensive resource with information about Bitcoin Cash acceptance worldwide, whether it's for purchasing goods, products, or services.