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Documentary depicting Africa's "Bitcoin Revolution"

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Avatar for ekrem
Written by   61
1 year ago

Amazon Prime will release a documentary on the situation of Bitcoin in Africa.

The title is "Banking on Africa: Bitcoin Revolution."

It depicts how people are using cryptocurrencies to overcome the widespread challenges of southern Africa such as lack of infrastructure, poorly managed economies, high remittance fees and poverty.

Botswana's "Bitcoin Lady"

One of the characters is Alakanani Itireleng, a woman also known as Botswana's "Bitcoin Lady".

She experienced poverty on her own, and a few years ago she was soliciting bitcoin donations for the charity SOS Children Village, which helps orphaned children. The charity provided children with essentials such as food, school supplies, clothing and medical care, and was also a shelter for children rescued from child labor.

Alakanani Itireleng is now launching a non-profit educational institution called the Satoshi Center to teach locals how they can benefit from Cryptocurrency and change their lives.

Usizo 

Usizo is a blockchain-based charity platform that allows users to support African schools with Cryptocurrency donations.

In the rural areas of South Africa, electricity costs were high and prepaid, and there was a problem that electricity was not supplied to schools. Usizo introduced blockchain-enabled smart meters and set up an energy payment platform. Allows donors to pay their electricity bill in Cryptocurrency from anywhere in the world.

Demand

In developed countries, Cryptocurrencies are often used for speculative purposes, but in areas such as Africa where poverty is a problem, cryptocurrencies match the needs of daily life.

For example, cryptocurrencies provide fast money transfers at a low cost.

Especially in countries such as Nigeria where foreign currency purchases are restricted, Bitcoin is attracting attention as an alternative.

The percentage of Internet users who own cryptocurrencies, by country. Source: Global Digital Review

Africa, with a population of over 1.2 billion, has the potential to become a huge market for Cryptocurrencies.

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Written by   61
1 year ago
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Comments

Good work

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1 year ago

Good job!! That's really a good article. That's gives us more information about this revolutions. Good bless you.Keep try your best.

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1 year ago

i hope africans use BCH

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1 year ago

Very good article, it looks very tasty and probably tastes anyway, I'll do it myself and tell you if it tastes

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1 year ago

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1 year ago

I recommend this article, anyone who wants to read it, good luck, good work

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1 year ago

Very well written post, giving me such a nice info :) If you want to learn something new about cryptocurrency come on my blog man ! God bless you !

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1 year ago

It's a surprise for me , This is a big hope for other African nations, do they use it locally in shopping or just for storing value ??

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1 year ago