The latest days have been amazing (I will bring more updates in coming days, stay tuned) and with that enthusiasm around my personal affairs I started to wonder if people outside the African continent really know why Africans are into Cryptocurrency! Different from analysis that are made from people who actually don't live in the continent it's necessary to look inside then release a true statement regarding the reasons that take Africans to embrace and adopt Crypto.
African Countries have a unemployment rate of more than 60% taking mostly active youngs Africans living in the continent to look for more sources of income, and online work are among the most appreciated!
The last years more youngs in Africa are searching for online works that pay in cryptocurrency driven by the fact that unemployment rate isn't reducing, the Basic needs increasing, the transport services very bad, some countries with high inflation, the only way to take and bet is on Cryptocurrency.
Crypto have been a better solution to be paid from online works than the conventional ways of payments, mostly due to some government regulations which conduct this payment processor companies or the payment processor service that are restricted to act in some countries turning Cryptocurrency more appetizer for young Africans!
One thing to be noted, is that assets which are popular to Africans are because they are widely spreaded and here's where Bitcoin Cash can take place!
Bitcoin Cash reflect more what Africans are looking for in a Crypto asset.
When we look for an asset that fit the African necessities we are talking about Bitcoin Cash. Let's see how I reached this conclusion:
Bitcoin Cash serves better as P2P cash system and can be used for instant payments also as investment.
Bitcoin Cash have low fees on transactions and could be more easily adopted with support from a strong community backing it worldwide and in crescent growth on the continent.
Other thing that have been an issue for Africans to bet on Crypto is high volatility of the market leading assets sometimes to fall down, but with Bitcoin Cash that problem could be partially solved with stablecoin issued in the on the Bitcoin Cash Blockchain using SLP protocol such as USDT.
There are condiments that can make a Bitcoin Cash an asset that can carry a mark from Africans, leading the 1.2 billion of people to embrace and adopt the asset that besides being a Fork from Bitcoin (BTC) is better in many ways and a truly Satoshi plan:
A coin must suits needs for the ones who really deserve to embrace it and with that empower them worldwide giving power to fight back the oppression caused by Governments making their destiny owners, no better solution can come from another coin than Bitcoin Cash the original copy of BTC with suits as cash system of payments (could be adopted for daily routines) low transactions fees (almost zero dollars) and still accessible to Hodl as Investment (with the actually price could be a better solution on investment with a good ROI in future) to Africans!
Conclusion.
Africa still need more enthusiasts that will bet in Bitcoin Cash to make it go Viral in all metropolitan areas on the Continent but with the condiments the coin offer will be widely appreciated, adopted and could be easily integrated to basically daily services such as: payment of electronic bills (electric power and water), purchase of electronic vouchers (airtime, TV services among others), purchses of online tickets to Metrobuses and train services and many other services.
The potential to make the adoption of Bitcoin Cash in Africa is bright and shine, but won't be easily implemented will need work to spread the word, teaching about the coin, will need dedicated individuals (I am already doing my part) or collective associations to take this task very seriously... and Voilà, we'll see Bitcoin Cash among the most important assets in Africa!
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Nice work writing this article. It's such a shame that the continent with the most resources is the poorest. But yeah, cryptos can help making the situation a little bit better.