Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Domithra on May 26, 2018, 08:16:29 PM
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The usability of Bitcoin in Africa is still not exploited as compared to the Western countries where most of the citizens are technology inclined. Anyway, I read an article in the news papers pointing out one town in Ghana where a woman accepts Bitcoin as a means of exchange in her super-market shop. With time, Africa will adopt the system of Bitcoin due to the benefits it comes with it especially in favour of the people and the economy in general.
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It is very good if people start to use bitcoin in Africa, it will make progress in the country with the development of Blockchain technology.
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Usage of bitcoin and cryptocurrencies in general is quite low in Africa because of the deficient knowledge about the use of technology and its products. The blockchain technology is quite a complex one and most people in Africa are not enlightened to that extent. Also you need high speen internet connectivity to really operate with the use of bitcoins transactions which most part of Africa don't have internet connectivity not to think of a fast one. So you see that it is a great challenge to inculcate the use of bitcoins in Africa. But i hope with time things will change and become better soon.
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The development in Africa will not go very fast as long as countries like Morocco or Algeria forbid these citizens to possess crypto currencies.
Internet development is not the problem for Morocco, since it is the leading African country in telecomunications.
Since the population of these countries is not being able to buy directly crypto currencies there are many crypto miners in theses countries
I think it s a problem of comprehension by the governments.
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in Africa realize the importance of cryptocurrency in their business and encourage cross-border trade and payments. In fact there are more than 1000 merchants who receive Bitcoin in South Africa.
Moreover, the infrastructure for digital token takeoff was solid. Telecommunications liberalization across the continent has enabled internet access very well.
Figures from the GSMA show that half of the population in Africa subscribes to mobile phones. In addition, statistics state that over the past two years smartphone use in the continent has doubled to 226 million.
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Many countries in Africa have not started using Bitcoins because of the low knowledge they have on it. If African countries adopt the use of Bitcoins, it will be of great help to the economy.
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The usability of Bitcoin in Africa is still not exploited as compared to the Western countries where most of the citizens are technology inclined. Anyway, I read an article in the news papers pointing out one town in Ghana where a woman accepts Bitcoin as a means of exchange in her super-market shop. With time, Africa will adopt the system of Bitcoin due to the benefits it comes with it especially in favour of the people and the economy in general.
It better to adopt the block chain technology in this country because this cryptogcurrency will help to develop this country but its better also to have a volunteer sponsor who will be willing to help this country.
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Many countries in Africa have not started using Bitcoins because of the low knowledge they have on it. If African countries adopt the use of Bitcoins, it will be of great help to the economy.
I agree on it.This could be a big help to African people.
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Well, only the time will show how bitcoin will adapt in Africa. There is always a chance that it will be used as instrument for illegal actions.