There's still a room to embrace Bitcoin Cash in Africa.

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Avatar for alberdioni8406
3 years ago

For years Africa have been on the look for the crypto field and first was only shown interest in Bitcoin core and slowly that tendency have been shifting for more friendly and affordable currencies to fight the high rate of unemployment and social discrimination.

Recent times are shown the large adoption of more diverse incomes coming from the internet to escape from different forms of being broke in a continent where almost all young's face the same fate, a destiny of getting the old ones assuming positions that was necessary to be handle with new blood but due to corruption and government abuse those employment stats still occupied by people over 40-55 years and retaining the large majority of youngest population hustling to survive in economies where the average salary round from $53 to $213.

To curb this social discrimination and to fight back poverty many of this young man are turning attention to online earnings where crypto have become the "taste" of this people, and seeing that Bitcoin transfers have become unsustainable to their needs the attention have been on assets that can assume the place of Bitcoin but with a way more cheap, fast on transaction and can be a really peer-to-peer electronic cash payment, where transfers can still make most of this men to store and even use it to daily payments and Bitcoin Cash is the elected!

Bitcoin Cash is different from Bitcoin core and Ethereum when it comes to unstable fees when it comes scalability, the more used this blockchain are the more they charge in fees to process the transactions, Bitcoin Cash remain tight with the really purpose of Satoshi Nakamoto and don't have that kind of problems even if the usage of the network increase the fees remain sustainable and that is a differential that make many Africans bet on the coin.

Countries such are Nigeria, Ghana, South Africa, Kenya, Cameron and many new African countries are turning attention to learn more about Bitcoin Cash and also learn what advantages the coin and Blockchain can give to make it be used to store value and make transfers either national or across the planet.

One thing that have been bothering Africans since times is the ability to send cross border payments from local overseas job posts to native countries, with remittance services taking huge fees to make it happen, but with Bitcoin Cash the service become more easier and fast, families and loved ones can now benefit from this development and can build their farms and houses without need to wait for expensive service to handle all the service and deliver the necessary money to make that desire happen.

Challenges to face when embrace Bitcoin Cash in Africa.

This is certainly the coin that can fulfill needs in Africa and also make Africans save big in transfers across domestic and cross border with security and with just a internet connection, the personal cryptographic wallet built can agility the process in decentralized manner, but all aren't roses in Africa with plenty of challenges to be accomplished:

  • Most Africans still have problems to earn cryptocurrencies and most of them don't invest on them just earn for free

  • Most of Africans still don't know the best ways to collect Bitcoin Cash despite buying them or earn few cents on faucets and possible scam business promising free money but ending up stealing people's time and money (when possible)

  • Most of Africans don't have proper literacy about Bitcoin Cash and other cryptocurrencies.

The challenges mentioned above must be slowly defeated in order to proper adopt Bitcoin cash and use it to exchange value and store value, and platform such read.cash have an important role in helping on that to happen. Bitcoin Cash literacy have been for years personal without many people teaching about it and that somehow is good but it's needed more reinforcement to that knowledge to take more flying direction in the largest part of the African soil.

Room to Bitcoin Cash in African to evolute still big and green, with a population of nearly 1,20 billion with large majority unbaked and betting on e-wallets to secure and use their money space to Bitcoin Cash is plenty one with a great future ahead. The Bitcoin Cash asset is the good one for Africa and a better store of value and payments system on the continent.

The really concept of digital cash is Bitcoin Cash and Africa is calling for it, let's make it happen.

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3 years ago

Comments

It is unfortunate but in that area a lot of love and education are needed, both for children and adults, to be able to prosper, organize, get ahead. With that thousands of successes will come for them in their favor.

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3 years ago

Yoi nailed it on point what is really needed in Africa is Education and that will open new doors to prosperity.

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3 years ago

Yes you are right it will be very good for Africans we all have to help our Africans peoples

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3 years ago

I hope to see more Africans involved with crypto and BCH in particular.

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3 years ago

Yes, indeed, cryptocurrencies directly help eliminate poverty in Africa

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3 years ago

There are only three ways to solve the problems in Africa. Education, education and education.

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3 years ago

That is it Africa just need Education not more than that 🙆

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3 years ago

Interesting article, I guess you're from Africa?

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3 years ago

Yes I am from Africa.

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3 years ago

Interest in cryptocurrency has increased not only in Africa but also in many countries in which Pakistan is also at the forefront. People have turned to the use of cryptocurrency.

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3 years ago

Many countries are betting on crypto mostly because they believe in the ecosystem and this will truly catalyst it to get adopted in mass.

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3 years ago

While it is true, I have seen that BCH has helped a lot in Nigeria, Africa and even Venezuela. Hopefully everything continues to bear fruit. Thousands of successes in what lies ahead

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3 years ago

Exactly countries such Venezuela and Nigeria have a wonderful environment to embrace crypto.

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3 years ago

Interesting article

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3 years ago

Since these years of introducing crypo, Africa has seen shown their great interest in it. Bitcoin cash adoption will really go a long way kn Africa

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3 years ago

It's a matter of time until it get full adopted in the cradle of humanity and BCH will be at forefront in Africa.

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3 years ago

The crypto currency literacy can improve the awareness and attention that Africans give to crypto currencies, this will in turn enhance the usage of the BCH crypto currency when it's advantage over Bitcoin, Ethereum and the rest are discovered.

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3 years ago

Good read article

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3 years ago

Great article

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3 years ago

I clearly agree with you BCH would be a pace setter for the Youths in Africa through different means I tell you.

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3 years ago

Just wow

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3 years ago

Bch is the saving grace from unemployment especially in Africa. It saves alot from something that would have caused depression too

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3 years ago

Nice

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3 years ago