Challenges to face when adopting Bitcoin Cash in Africa.

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Avatar for alberdioni8406
3 years ago
Topics: Bitcoin Cash

For many years Africa have been left behind from events such Cryptocurrency, which got noted and appreciated when the young Africans started to see more independence and emancipation only possible with usage of currencies not controlled by central entities.

It's African nature not trusting money to local banks, and many couldn't afford to have an account with local financial institutions, most holding the savings on mobile wallets!

The interest in decentralized assets comes after concluding that no efforts from governments could save them from high rate of unemployment, social problems, poverty, criminality when pushed this youngs into the wall and obligated to find an escape way to survive found on Crypto a better weapon to fight it back! So the Hunt for Bitcoin started! This Hunt started to increase and the google trends could register notable search traffic coming from the African continent with Nigeria, South Africa, Ghana, Kenya, Uganda leading it and soon the same nations showed up interest in trade, learn and Hodl Bitcoin. The continent become Bitcoin Maximalist!

The Maximalist idea only blind the acceptance of Currencies that suits better to the African reality such Bitcoin Cash, time to change that!

With the Maximalist view on Bitcoin the "blind" mind also get blocked to accept and learn more about cryptocurrency and bet in other altcoins that can serve better the purpose of a decentralized asset in countries of the third world.

  • Bitcoin don't serve for African reality, the fees are not viable most of the time when the price of the asset per unit increase also fees got higher they are unstable

  • It's an asset that couldn't be used for daily transactions and payment of bills that needed to be instant confirmed to give vendors trust to accept it on local shops to exchange goods for it.

The challenge to implant a new currency, such Bitcoin Cash on a Bitcoin maximalist continent is hard need time and efforts to make it happen, also be sure that the other coin which is planned to launch or make Africans embrace will be highly supported by "ambassadors" with experience, knowledge, dedication, passion and very motivated.

Which steps to follow to implant Bitcoin Cash slowly and steady in Africa.

I believe that the first thing to do is to create local communities that will be responsible to spread the world about Bitcoin Cash, explaining what it is, what benefits will come when embraced on local business or as mean of payment and store of value. The "ambassadors" who will hold this task must be prepared to face strong resistance from People who still believe Bitcoin still the biggest coin in Crypto field and with patience explain it and showing the differences and advantages compared Bitcoin (BTC) and Bitcoin Cash (BCH)!

it's essential to note the diffences between the assets also their advantages and benefits.

The model of Bitcoin Cash Houses will work on African continent?

Yes, I believe in that! But also I have some points that could help on the model adopted to implant Bitcoin Cash Houses in Africa.

It's needed to understand that Africa is huge and few countries have some knowledge in Bitcoin cash or decentralized assets, in a continent of 1.2 billions only few people and nations are active on Cryptocurrency. Bitcoin Cash still new "topic" in most of them and sincerely the continent have few ambassadors to spread the word about Bitcoin Cash and that won't change soon!

That's the cruel reality and to overcome that, Bitcoin Houses to promote Bitcoin Cash adoption must have a different plan if want to get hugely noted:

  • I believe in an "headquarter" House that will support the other ones spreaded across the African continent offering knowledge to different people (Africans nationals) which could then carry the quest to their own countries, the House could be called "Bitcoin Cash House Africa" responsible to allocate ambassadors to local communities.

  • With a house focused in Bitcoin Cash adoption and teaching different nationals to educate their own citizens about the ecosystem it's more easier to get funding campaigns to support it and also give rewards to "ambassadors" according their job, if they work full time or part-time!

great ideas are found together and improvement comes from that alliance.

Africa have more than 50 countries and only few of them have some literacy on Bitcoin Cash, the model of local Bitcoin Cash is great but with a "Main House" I believe the quest could be more sustainable and surely bring more people to join the cause, Bitcoin Cash community is Growing, the coin will remain in the Top 5 and if Bitcoin Cash wallets increase in Africa, means that adoption is near!

I hope you enjoyed and willing to see your comments, take care!

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3 years ago
Topics: Bitcoin Cash

Comments

The app is free of charge. Easy to use. At some point it will be installed at every merchant.

$ 0.00
3 years ago

Well you can't blame anyone, most people are not learned in this area. 95% knows nothing about crypto currencies. Even the popular Bitcoin has no exposure. Unlike the western nations, the use of crypto currencies is very low. They see everything and anything as scam due to the kind of setting and tend to take no form of risks. Only few persons know about these crypto currencies in Africa, one is the upcoming generations that are mature enough to understand things and has a good smartphone and two are stake holders and forex traders so you can't possibly blame anyone. In due time Africa would get its own share of understanding and the crypto currencies would be used like any other country's currencies.

$ 0.00
3 years ago

I think that by now everyone who deals with cryptocurrencies or owns them knows that Bitcoin Cash is available. They may not know the benefits and how Bitcoin Cash came to be, but Bitcoin Cash is traded on almost every exchange and someone who buys BTC needs to see Bitcoin Cash. People do not buy BTC to use it. They just keep it in the hope that its value will rise quickly, like in 2017. Some hope it will rise to $100,000. But that's not going to happen. It may even fall in the medium term. Maybe the price will rise in the long term, but maybe it won't. The price will always fluctuate and some smart traders will make a profit from it. But most of them will not.

The advantages of Bitcoin Cash are good availability, easy use and low transaction fees. Bitcoin Cash must be used. It is very easy for merchants to accept BCH payments. They only need a smartphone. The customer can also pay very easily. He also only needs a smartphone. He does not have to pay with bundles of banknotes and Bitcoin Cash is forgery-proof. People need to see how it works, then they will convince themselves.

$ 0.00
3 years ago

I liked your way of judgement and I particular have to agree with you on that, and using that direction of thinking I want Africans to see that and I hope, truly believe that the continent have only to win embracing BCH but here's the problem that I face everday : the continent is full of BTC maximalist and even with independent pro Bitcoin Cash vivid supporters like me, to break that resistance won't be easy! But I believe that a joint association across all Africa can solved the problem😎

$ 0.00
3 years ago

Forget the BTC maximalists. From my point of view it makes no sense to convince BTC maximalisten. They do not want to use cryptos. In principle they are opponents of Bitcoin as p2p electronic cash. They want to get rich quickly (or at least hope to escape the devaluation of their own currency this way). We need to attract new users who haven't had much to do with Cryptos before and show them that Bitcoin Cash is there to use and not to speculate on the Exchanges, as BTC-Maxis does.

Read.cash is a small step in this direction.

$ 0.00
3 years ago

Rightly said, the target must be newbies with or without any knowledge about Crypto, that is very interesting point of view the maximalists don't have interest in the field just want to make profit or hope to make from it, and using that strategy many souls can be reached ...amazing🙌

$ 0.01
3 years ago

There are many more non-BTC maximalists than BTC maximalists in Africa and in the world. These people must be addressed. There are many people who have no access to bank accounts. With Bitcoin Cash they get it for free. They can use it to pay electronically, save money and also exchange it into stable coins (at least partially) if they are afraid of price fluctuations. Speculation can be left to BTC maxis. And you will see, there will be less and less of them. The year 2017 with the enormous price increase will not be repeated.

$ 0.00
3 years ago

One more time I have to agree with you and BCH have all condiments to offer in Africa, the network of BCH have more coins attached to also the asset can exchanged for stablecoin if is that the intention of the user, can serve as electronic payment, store of value and investment👊

$ 0.00
3 years ago

Have you seen the video?
https://youtu.be/u5qtqycDFtk The merchants should know about it and install it. The more people own Bitcoin Cash, the more people will use it. At read.cash you can earn BCH. I hope that other possibilities will follow.

Most people currently exchange the earned BCH into fiat and pay fees to exchanges. A pity. It would be better if you would buy something for it at merchants and save some money.

$ 0.00
3 years ago

I will watch then give you a feedback about the ideas found on it.

$ 0.00
3 years ago

I watched it and it's amazing how easy and fast is to pay using the bitcoin cash app is fast lightning payments instant confirmed and a truly app to use in your store as merchant!

$ 0.00
3 years ago

The app is free of charge. Easy to use. At some point it will be installed at every merchant.

$ 0.00
3 years ago

And that somehow is better to use in daily transactions in lighting speed and easy to install and could be adopted force very business that is easily managed using BCH, astonishing app!

$ 0.00
3 years ago

Here you can see buying pizza on the internet https://youtu.be/mAlbTpHwYmw

$ 0.00
3 years ago

This is something cool and BCH adoption and usecase make more vsense, people just need to know about all this apps that make life more easier👌

$ 0.00
3 years ago

Those videos will help my mind to elucidate more the neighborhood here how benefits anyone could have when adopt BCH🙌

$ 0.00
3 years ago

Thanks for the links🙌

$ 0.00
3 years ago

Nice

$ 0.00
3 years ago

Yea that's good

$ 0.00
3 years ago

In my ideal world, crypto adoption will start from the very grassroots level from Africa empowering the African people. The rest of the world will follow Africa after they have seen the success of crypto in Africa. Please make that happen!

$ 0.01
3 years ago