What's needed to Bitcoin Cash become mainstream in Africa!

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Avatar for alberdioni8406
3 years ago

Africa awakening from the amazing world of Cryptos is just on the start, with a total population of more than 1.2 billion souls distributed in 54 countries africans have a lot to learn about cryptocurrency, few countries have shown interest on the market and increasing presence on trading platforms, Nigeria and South Africa are leading, with other nations such Kenya, Ghana, Uganda, Ethiopia sharing the market transactions for Crypto assets on the continent. More nations also on the extense continent may have a small portion share on the crypto market but we can consider all Africa a green field in Crypto, considering the number of active countries involved with trade, sell and buy of assets in P2P Bitcoin exchanges.

trade of Cryptocurrency in Africa have been increasing but only few countries are actively using that market.

Most of the people in Africa dealing with Crypto assets, just get their share on it with a small part investing in trading, to gain immediate profits, other part using as investment tool on platforms that promises huge returns, most ending "scammed" other part, small one, work online to be paid in Cryptos, with the last group being increasing in number most due to COVID-19 which lead many families to unemployment, and to sustain and maintain their relatives a new source of income was needed. It's important to analyze that Cryptocurrency in the true sense isn't explored yet on the continent, where the unique widely adopted still Bitcoin, at least on the most active countries involved in trading in Africa.

"But that number of nations still hugely insignificant compared to all continent"

Here's where Bitcoin Cash can play an important role in Africa.

Assuming that in the African continent the use of Cryptocurrency still far to be accomplished and mostly only used to trade, to pay for goods (in small number, of course), also used for remittances service, inside and outside African nations it's time to make a new strategy to spread the word about Bitcoin Cash in the continent. Doesn't make sense to go after countries who already been involved with other coins, it's time to look around and increase presence on the ones that still need literacy about Crypto assets.

Millions of Africans still need to learn about Crypto and this could be an active part of the Bitcoin Cash community.

Newbies on Crypto are more susceptible to accept a new currency , this ones could be reached using social media where most have accounts and interact with them, Bitcoin Cash have more stronger and supportive community, Bitcoin houses can play also a great role in diffusion of information using door-to-door teaching and physical community reach out. A new approach could help in expansion of knowledge of Bitcoin Cash, specially in African Societies that have nothing or few knowledge in Crypto assets, we can implant a mentality of Bitcoin Cash adopters before they even know about other currencies.

Time to use a new approach, and make Bitcoin Cash mainstream on Africa!

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3 years ago

Comments

BCH is appropriate for using as a currency to be used in daily life or as an investment option. People would welcome low transaction fees, cashless payments and online earning options. Mostly, as the ones who are competent in terms of BCH may promote BCH or legit projects to people to raise awareness as for me 😌

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3 years ago

Oblivious Bitcoin Cash is better than most assets around the Crypto space and has better low fees isn't unstable and is fast in transaction networks effective for Africa👌

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3 years ago

Bitcoin is much better than most CRYPTOCURRENCY but not everyone knows Bitcoin cash that much. Well before eitherium, everybody only knew Bitcoin as the king and most people were accumulating bitcoin, but with the advance of etherium smart contract etherium is becoming a common name in Africa as population. I still believe BITCOIN CASH WILL BE BIGGER IF WE CAN ALL FIND A SOLUTION TO SMART CONTRACT,

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3 years ago

Even Africa hits by poverty. It cannot stop to be with BCH. I LIKE THIS ONE. because it reflects that everyone can handle BCH even you are a poor or rich or middle man or what so ever. It means the BCH welcomed everybody and let's expand it. #BCHFORTHEFUTURE

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3 years ago

I like your enthusiasm and the spirit, let's all embrace BCH and Africa will be the future so Bitcoin Cash have future in here🙌

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3 years ago

I'm on

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3 years ago

Let's keep it up and make BCH mainstream all over the world!

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3 years ago

I love this alot

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3 years ago

Thanks for your compliment, you welcome🙌

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3 years ago

I love to see posts like this just engage and give value to Africa and adoption of BCH on the continent, great article!

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3 years ago

You welcome🙌

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3 years ago

That may take more years for them to understand what cryptocurrency are. It maybe easy to explain but the works is not. Not all people can understand easily therefore when they lost money them may blame you for that.

You may leave their house thinking they understand you. But maybe not. Yes cryptocurrency is being known now but didn't reach at least 50% of the world. Some known but they don't care.

We need more enthusiast or Influencers. They are just few number in the market. Though I am hoping that African people to know more about cryptocurrency and #BCH.

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3 years ago

Yes you said some good points here, no one knows for sure what Cryptocurrency is and what could be in years to come, just a sure that they will be unenviable in years to come🙌

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3 years ago

I love to see posts like this just engage and give value to Africa and adoption of BCH on the continent, great article!Thank you for sharing this link it helps me now to figure out what is scam sites and not.

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3 years ago

My pleasure to publish content that have value and worth each second of your attention, have a wonderful day.

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3 years ago

I never quite understood that BTC advocates say it should become big in Africa. To me it makes no sense. Why would anyone want to pay high fees to make transactions or even save small bits at a time?

Bitcoin Cash makes far more sense. It can cross borders, has low fees, allows users to spend/save small amounts at a time, and works with many wallets. It strikes me that Bitcoin Cash could be very useful to many people in Africa.

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3 years ago

Yes, you said it all I believe that now is time to increase presence in Africa, letting people be more aware that there's a coin that suits better they needs than BTC, Bitcoin Cash serves better in Africa, instant confirm, low fees, a new whole coin that can serve well as peer-to-peer electronic cash and used to pay for goods, transfer money, serve as remmitance problems on the continent.

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3 years ago

Another information I gained from this article thank you

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3 years ago

It's my pleasure to share with the community astonishing and quality info about Crypto in Africa.

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3 years ago

Above all, Africans need to understand that all the pseudo investments like doubler and the pyramid MLM smart contracts have nothing to do with honest use of cryptos. Africans need educatiin

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3 years ago

Exactly @Telesfor people need to stop losing money in thinking that pyramids, smart contract scams doesn't add value to Crypto just want to steal peoples money, literacy is needed, education on Crypto will be crucial to evolution in BCH and other coins in Africa.

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3 years ago

I already experienced 'Scam' I just tried it twice. The crypto pandemic they not pay me back 🤦🏼‍♀️

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3 years ago

Yes this scam Prague all over the web must be reduced or people won't know more about Crypto only thinking that it's just a scam scene not else!

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3 years ago

They all know these actually they already know most, because almost all Africa must have done one Ponzi or the other, smart contract is just another problem that all program must find a solution to to eliminate the pyramid issue

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3 years ago

You are right here sir 😍 You are so very educative 😍❤️ Me too I also don't trust easily when I pay for investment because I already experience 'SCAM' which is it makes me afraid to invest again and lose my money 😅

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3 years ago

Always pay attention to the details of an intent scam, mostly ask money before anything, ifcis a site they promise high returns from investment, their site have spelling errors, great to learn more about them before putting money to it I found this site very helpful https://scam-alert.io

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3 years ago

Thank you for sharing this link it helps me now to figure out what is scam sites and not. I do that next time. I will make an investigation before putting my money on it. ❤️

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3 years ago

Wise decision, it's more practical to make research before investing!

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3 years ago

Yes and I really thank you so much 😇

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3 years ago

Always my pleasure🙌

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3 years ago

Well Africa knows these already actually but they see these as thier only way of accumulating CRYPTOCURRENCY actually, maybe if a solution can be created to tackle the smart contract problem.. not all Africa really have first hand access to trading and investment as it is in the west actually.

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3 years ago

And that also is a big advantage to BCH community, if we take this to nations where no Crypto is still available that will be a good sign to evolute it👌

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3 years ago