Bitcoin Cash matters and Africa knows that

It is known that Africa is one of the largest continents in the world, with a population of more than 1.20 billion in habitants, the continent with more young people in their societies and with one of the highest degrees of unemployment in the world. Most of its population lives in the countryside and survives on subsistence agriculture, which often does not produce much because it depends on the rains causing the mass exodus to register in cities in search of better living conditions.

But the cities are also full and employment is scarce, even more scarce for those who come from the countryside without any proper training in the field of work required by large companies. This layer ends up being overcome by the one already existing in the cities, which has better academic training but which also faces another problem, the lack of jobs in large cities. Many young graduates have a hard time because the lack of employment is greater, leaving many few options but to invest more in part-time jobs in online works, many of them simply to earn a daily living but which do not solve many needs that young people present.

With the spread of cryptocurrencies on the internet and the search for a decentralized system of finance many young Africans venture in this life the search for financial stability by earning crypto online, whether in faucets, trading, part-time, or even betting on affiliate programs with which receive commissions for each member they invite to join the platform. But many of these forms of earnings do not make up for the time spent online as long as the internet has to be paid for and efforts repaid.

Taking all this into consideration, young Africans venture into cryptocurrency trading and bet more and more on Bitcoin (BTC) and the new ways of gaining through decentralized trading routes using Ether, but these forms, despite being more profitable compared to those mentioned above, end up not being profitable for these same young people.

Why that

Well it is known that Bitcoin (BTC) and Ether are very valuable assets in the cryptocurrency market, occupying the first and second place in Coinmarketcap (CMC) and guaranteed good profits for those who entered and invested in the market at the beginning, but for those who entered now and whom want to bet on them end up losing more than win! Transactions on the Bitcoin (BTC) and Ether network are very expensive and often cost a minimum wage in Africa, new technologies like DeFi (decentralized finances) created on top of the Ethereum network charge too much just to execute transactions on Blockchain, some days ago they charge more than $ 100 per transaction and frankly no one in Africa can support such payments in fees alone to move their funds. Therefore Bitcoin and Ether are unlikely to have a good market in Africa where it is necessary to have a global currency, cheap, with fast transactions and that charge low fees to perform network payments.

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Solution

It is often said that Africa will host cryptocurrencies a lot in order to have a viable way to combat poverty and the difficulties created by the state that charges high sums in interbank payments and uses its government power to control everyone who uses its national currency, combat inflation that often plagues several countries in Africa, such as the exaggerated inflation in Zimbabwe that forced the country to use foreign currencies as the national currency lost all its value.

However, not all currencies will succeed in the African continent, the ones that are successful will be the currencies that will really work as a means of use and payments without high transaction fees, work globally, give the opportunity to have and use at any time without having to ask for authorization banking by transforming its holders into own banks. Bitcoin Cash (BCH) solves all of this!

Bitcoin Cash is a global digital currency that has cash properties and also reserves of value, is completely decentralized, nobody controls the currency and can be used for payment in various parts of the world. It is possible to travel and pay for a hotel stay, buy clothes, mobile phones, pay for a coffee or even offer a friend a price to pay your expenses no matter where the person is because it is used internationally and with reduced transaction fees.

Bitcoin Cash (BCH) will definitely be a great asset in Africa and can reduce the suffering inflicted by state media and also help empower young African promises by opening lots of blockchain-related businesses, offering access to digital currency knowledge in various parts of Africa and also serving escape the charity of the state that instead of working for the people works to maintain their way of life.

Bitcoin Cash (BCH) is for Africa and will be a currency used widely on the continent, what is needed is diffusion across the continent and will definitely be an asset that no one can stop on the continent, Bitcoin Cash was created by the people and for the people, it is the real Bitcoin and Satoshi's true pride, a currency for everyone!