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Bitcoin cash need only engaged people to rise in Africa!

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Written by   310
3 months ago

The average salary on Africa is from $53 to near $230 and with many families living without a dollar for daily expenses, with unemployment in large scale and corruption on government entities Crypto have full field to develop in the continent. It's also true that won't be easy to adopt decentralized coins as most important will be literacy to teach the public how this virtual currencies actually work.

I still remember when the M-Pesa service got in the African market and took time, space and effort to be installed in mass on the continent and now it in whole African soul and almost everyone use the service. But don't just think that the service is cheap, it isn't have some massive fees that are not even considered because people need their service and don't have competitor to make front with the service.

widely used but with fees that are harming the pocket of Africans.

But why Africans Bet in the M-Pesa service?

It's not new that mostly Africa is composed by young people that for many reasons they don't trust Government to Hold their money so to stay in control of their finances their prefer to have this e-wallets that are easy to open and don't need a bank account (mostly are unbaked don't need a bank account to store and manage their savings) and with that can do almost everything needed to survive and also to pay bills from paying school fees, water and electric bills, Television services, Top up cellphones and more services provided by the company behind the service! The popularity of the service is justified for a lack of competition made for other services and for the easy use of it only needing a USSD command to operate in any smartphone and also in Android or IOS with dedicated Apps!

People got wrongly mistaken when think on the cheapest of the service that unfortunately there aren't and the Firms behind are making billions of dollars from Africans just in fees to use the services, just to see and compare to withdraw or transfer 100 MZN (~$1.8) you pay $0.18 or $0.09 and those numbers are huge for Africa reality! Not mentioning that for quantitities that are bigger also the fees increase!

Which better way to fight back this: my answer, Bitcoin cash!

Africa don't need Crypto that are not favorable to the actually conjuncture offered in the continent , if we need to teach the masses to learn, adopt and use Crypto the better way is to present Bitcoin cash to the African societies and show them our beneficial and advantages could come to hodl and use this wonderful asset! First of all it's needed a strong community in Africa with a passion to spread the word about Bitcoin cash and gradually show the use of Crypto assets to the youngs people that will turn this into viral chat on social local media, and that can sounds little difficult but believe that in Africa differently that the world knows, almost everyone on the metropolitan area are connected to internet and want to improve the quality of life.

Bitcoin cash is an asset that could be used like M-Pesa, but with more benefits to the adopters that will use the peer-to-peer cash system to invest outside the continent and also hold and exchange for local currency when needed any time! Not referring the fact that Bitcoin cash is decentralized not needing a government ID to hold it and the wallet could be managed for the user, making him the own bank and the responsible to their finances! Bitcoin cash have instant confirmation and almost zero fees on transfers, compared to local e-wallets can hodl millions in bitcoin Cash without needing to declare the government entities!

Conclusion.

Africa to adopt and use Bitcoin cash need an engagement for local communities that could conduct workshops and help to see the benefits to have BCH for investments or used for daily routines, won't be easy and connections with this "associations" pro-bitcoin cash can change the way people deal with cryptocurrency in Africa!

Africa United to let the mass knows what benefits comes from Bitcoin cash!

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**Images with no copyright infringement, M-Pesa image from VM Facebook page and Unsplash website!

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Written by   310
3 months ago
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Comments

I see it the same way you do. Bitcoin Cash is very good for Africa. The only problem I see, but that's true of all crypto currencies, is the high volatility. The value of BCH is still changing quite a lot. Hopefully that will change sometime, but right now it can be a problem. What do you think?

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3 months ago

Volatile its a "mark" of Crypto and when we deal wit them we must be aware from it, and with the teaching of it in Africa this condition must be highly told to be the young Africans and I believe they will learn and adopt it's a matter of how we teach it to them😎

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3 months ago

The most important thing would be if Africans were to start exchanging BCHs for goods and services and not just for fiat. Another way to use it would be to transfer money. BCH is unbeatably fast and cheap. There are huge advantages.

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3 months ago

You nailed it @Telesfor and they could see the really advantages of the asset👌

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3 months ago

One thing that could be used to exchange BCH to local advantages would be Top Up vouchers as known African are highly connected to Internet and if they use to Top up mobile devices surely they could see the benefits from it buying almost with zero fees👌

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3 months ago

We really need to talk alberdioni! Please reach out to me on Telegram or Twitter (@KoushBCH). Or join our Discord on BCHIgnite.com .

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3 months ago

I already left my contact from WhatsApp contact here's again 00258847536190 telegram alberdioni better use WhatsApp for now👍

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3 months ago

To really promote the mass adoption of BCH in Africa, the local cryptocurrency exchangers are the key target. Majority of them place more emphasis on BTC, only few exchange BCH for local currency. Thanks.

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3 months ago

Yes that could be in part a practically solution but without knowledge on the asset will no be productive as more will still looking to acquire btc, what hardly needed is local BCH communities that could teach and show what is BCH and how to benefit from! Its needed literacy about Bitcoin cash and the rest will be adopted gradually!

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3 months ago

Yes, it is good to have practical knowledge before an action is taking on investment or trading. Nice day to you. Thanks.

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3 months ago

You too also have a great day!

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3 months ago

Bitcoin cash is the best for Africans but many don't have believe in it

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3 months ago

Well that is the common sense but with literacy and engagement associated with passion to show the advantages to hold BCH many could start seeing the benefits for, BCH is practically free to transfer if compared with BTC (that's a pain in the ass) when you want to make transfer! BCH is even free than local services such M-Pesa!

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3 months ago

I have noticed that more and more african people are using cryptos and BCH. Especially countries like Nigeria and Ghana. I hope that more countries will show some interest to BCH.

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3 months ago

Yes, the level of acceptance of BCH is increasing but don't get deceived many still making confusion about BCH and BTC as Africans still erroneously thinking that BTC is the only Crypto asset that can change lives, but for the reality on the continent its a complete mistake BCH is more reliable, low fees (almost zero) and fast on confirmation on the network just a matter of time to become mainstream on the continent: what we need?! Just people committed to teach how the BCH works and the advantages to use it👍

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3 months ago

I can't disagree with that. Absolutely right. But I don't blame them for thinking that BTC is better than BCH. Currently BTC is almost 10000$ and BCH is just 250$. When someone wants to invest his money in cryptos he will buy BTC rather than BCH due to the price. It's a very common mistake tho. Price isn't the only factor to decide what's the best option to invest in.

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3 months ago

Wise words and this is what needed to make the future BCH adopters to see, price isn't all there's other condiments that are appreciated in a coin a surely will have many adopters when they start to see in really world😎

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3 months ago

Correct. Hopefully things will get better for BCH in africa very soon. It can be something important to help african people during the hard times they are facing.

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3 months ago

Well I will be making sure that the movement will be effective in Africa(at least on my country) and with good sponsorship we could be on top of many in the region👌

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3 months ago

Where are from by the way? I will make a guess and say Nigeria?

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3 months ago

No I am not from Nigeria, I have lot of friends in Nigeria but am from Mozambique👌

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3 months ago

Oh alright. It's great to meet people Interested in BCH from all around the world. Nice to meet you here! And what are your plans to make BCH more famous in your country?

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3 months ago

Nice to mee you and be in touch I will be sharing more articles from my own experience with BCH in my region👌

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3 months ago

Sure thing. I will subscribe to get your next articles. All the best with your plans.

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3 months ago

Thanks for that🙌

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3 months ago

Where in Africa are you? Can you share with us your experience spreading BCH in your city? I have just tipped you $5. Please spread BCH.

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3 months ago

Thanks for the incentive it really feels good 🙌 well am From Mozambique in southern Africa, which share borders with South Africa, Eswathini, Zimbabwe, Malawi, Tanzania! My experience with BCH is really awesome and my first contact with it was sporadic, I first got it thru Blockchain wallet when the Fork happened and soon start using it, first when I was living in south Africa was more easy to use it there as the country have more places where you an direct spend the asset, coffee shops and local vouchers selling accepting BCH as payments! I have to move back to Mozambique to start all over my life and here's where things start to become hot: in companion with friends I opened a trading whatsapp groups where we buy and sell BCH/BTC (we sell BTC for a reason that all the world do, to give liquidity to the group, but we plan to slowly separate the group in two, one exclusive for BCH and another to BTC) and the experience is good and because the group is composed by known people with no invite link, you need to be for our circle of trust to be added, the spread of BCH is going stronger slowly and steady. But the community who knows the asset is still small and with more resources coming from support maybe we can start a BCH House in Mozambique... Who knows?! And that would be cool😎 check the article I wrote about the trading group here:

https://read.cash/@alberdioni8406/heres-how-i-buy-and-sell-btcbch-in-my-country-a3a8acca

I hope you enjoy!

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3 months ago

You nailed it dude Where exactly are you in Africa?

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3 months ago

Thanks for the compliment, am in Mozambique I also have a house in South Africa😎

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3 months ago

This is a nice and intersting artivle shsring something about africa. Bch is doing great and will sure help africa

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3 months ago

Yes and I will help it to became a reality👌

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3 months ago

Thanks for the African focus.

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3 months ago

It's my pleasure to focus in my beloved Africa I wish with more info and spread Bitcoin Cash can rise in Africa🙌

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3 months ago

The Bitcoin cash has not only increased the value of money in Africa but has also preserve the cashless policy, facilitate a long last safe keeping of money with appreciation in value.

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3 months ago

Yes right on point if Africans can Hold more the asset could earn a more ROI from it🙌

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3 months ago