Here's why I believe there's still room to Crypto in Africa.

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Avatar for alberdioni8406
3 years ago

It's not a surprise to see P2P exchanges on the continent to start defeating volumes of Bitcoin trade from their congeners from Latin America and Europe, with astonishing marks of three consecutive weeks on top in Volume records on those platforms. There are hunger of BTC and other cryptocurrency in Africa, mostly because there isn't a really trust of the citizens with their local governments as mostly are affected by corruption increasing Unemployment taking more younger population to look for ways to sustain themselves in online business and found on Bitcoin a opportunity to overcome that reality!

Africa is a Huge continent with more than 1.2 billion people with a good part of it composed by young people who face directly the problem of unemployment but with the new world connection of Internet more and more of this youngsters are willing to stop "crying" for they governments and look for opportunities to become more sustainable, finding in trading or online jobs with rewards in cryptocurrency a way of living!

An exponential increase on working from home business have been registering a big numbers of Africans who continues to fight back their reality of difficulties online and with the imminent and catastrophic COVID-19 pandemic disease the number of "connected" ones are surpassing expectations!

One thing that outside world don't follow up is that Africans stay more time connected that in most of worldwide places as the mobile network providers are not expensive but also are not disposable for mostly not due to value but for a way to get that money to spend on Data Bundle!

Not mentioning the fact that mostly young people in the continent are also unbaked preferring to keep they money into e-currency wallets such as M-Pesa giving them, most think in the way, control of they money being the same us having a crypto wallet with assets that can be controlled in decentralized manner differently to this e-wallets that somehow still owned by Government entities!

Resuming the Africans, like to control and stay aware of their finances in a touch of their hands, with the opportunity to have crypto wallets on their smartphones will give them that power, and Crypto will have a whole new window to develop in the cradle of Humanity, the African Continent!

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3 years ago

Comments

Nice article i maiky like the link you are presenting betwen africa and cryptocurrency. Hope it will grow more bigger in future

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3 years ago

Nice article i maiky like the link you are presenting betwen africa and cryptocurrency. Hope it will grow more bigger in future

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3 years ago

Africa will certainly be a good environment to any cryptocurrency to evolute and get viewed worldwide but first need literacy, learning about Blockchain is essential to develop crypto in the continent.

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3 years ago

Of course, the precious stone is really shining for cryptocurrency in Africa. I strongly believe that the adoption rate will increase with most interest in BCH when compared to BTC.

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3 years ago

Africa will secure the big piece of crypto in the coming times mostly due to their conjuncture of life and sustainable ways of living in the continent!

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3 years ago

This is going to be a serious limelight for Cryptos in Africa. It is a laudable achievement. Thank you.

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3 years ago

Africa have plenty to offer and I hope to be here when cryptocurrency can be an active asset like M-Pesa and widely used in the continent!

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3 years ago

Your feedback is highly welcome. I appreciate it. It is an encouragement for me. Thanks and have nice day.

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3 years ago

My pleasure👍

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3 years ago

I like your feedback to my comment. It is well appreciated. I will like to read more articles from you. Thanks.

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3 years ago