Africa have shown that decentralized assets have been salving peoples life and many are living by cryptocurrency in the "cradle" of Humanity since the time they discovered them. It's not anymore about globalization, people in the continent have slowly shown that can embrace the ecosystem and build something from scratch, projects based in blockchain are gaining life in Nigeria, South Africa and other parts of the African soil.
Many of this regions located in Africa just know few crypto projects based in our continent mostly due to the interest in Biggest coins such Bitcoin, who clearly believe that can bring more returns that this new built-in projects from Africa. Other thing is that this same projects built on the continent are most created with intention to steal from Africans and come in the form of Ponzi's schemes and their lifetime is short after they get what they want they run off with peoples money.
Africa is a growing space with immense younger on it, this young's are the ones who fueling the crypto ecosystem and are bringing something really new to the continent, when first started in Africa the intention of this people was to escape from unemployment and social marginalization but right now the gross income coming from Crypto is building business that can sustain even large families as they are discovering that the industry have potential not just to change some life but can bring a whole new opportunity to the continent.
It's not new that in Africa, America (south) and Asia people are hustling to get jobs and good life there but different from this continents in Africa who are bringing cryptocurrencies to the continent are youngsters who use this environment to create a better way of income and not only, change all what governments seems to deny: a better lifestyle and social inclusion.
But how that can open space for Bitcoin cash to enter the roll of chosen assets.
This is actually a challenge that can be faced and won in Africa.
One of the things Africans really want to have on their crypto wallets is an asset that can be easy used and that can pay few cents to transfer money across it and Bitcoin Cash fulfill that exigency. Bitcoin Cash isn't an asset that can hurt peoples pockets and that is one reason that can be very helpful in a continent where the salary range from $53 to $213 in countries where the economy is powerful such South Africa and Morocco.
Using Bitcoin Cash to daily payments is more affordable than using based e-wallets in Africa such as M-pesa with only in fees can be very painful and definitely not sustainable to an African worker. This e-wallets are a way to local government to keep an eye on the people finance and control all their movements which is definitely are bad thing to privacy and this young's who are fueling the nations with their ideas of decentralization are fighting for.
Holding assets on decentralized wallets which can be exchanged anytime and anywhere is what they want and here's come the opportunity to spread more knowledge about Bitcoin cash to them. One thing that will catapult Bitcoin cash to start getting huge adoption in Africa is the chance people are seeing on it:
A better way to store value and exchange it wherever and whenever they want to with their privacy assured to not be disclosured.
Countries such as Nigeria, South Africa, Ghana among others are on the edge to search more to get knowledge about Bitcoin Cash and that can be seen on Google trends, the city of Lagos in Nigeria is the one who clearly show high interest in a global search of Bitcoin Cash. This interest isn't in vain as this countries are the most active on crypto on the continent and have a whole new kind of young people that are willing to change the way people deal with cryptocurrencies on the continent.
Nigerian society is full of intelectual Young leaders who bet high in crypto, South Africa have young people who have a certain financial power to invest in the field and develop more sustainable blockchain projects and Kenya have been on the rise to deal directly with crypto to serve it on their daily basis and all this countries are on the top 10 list of nations looking for get more knowledge about Bitcoin Cash on the planet.
That may not seems nothing right now but in times the continent will be a hotspot on Bitcoin Cash most due to the features of the asset and the network who allow Africans to convert their assets anytime with low fees, fast and with privacy of their own, they can finally control their finances and have a cheap service just paying few cents to use the funds.
There's still a lot to be pursued to be able to embrace Bitcoin cash in Africa but like Bitcoin, it will get adopted, that is for sure and time will tell!
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Very nice article.and so informative article