Bitcoin and Africa

[olivia]

Hope this will give me a clear understanding of the direction that Africa should take in embracing Bitcoin. If the answer is positive will inquire about how Africa can adopt cryptocurrency.

[D_sally]

Africa is very far behind developed countries, so it seems to me that this country will be very hard to implement new technologies, especially digital ones!

[pedangrusak]

Zimbabweans and other African citizens choose to trade in crypto currencies rather than local currencies.
Micro transactions using crypto on daily activities in South Africa are common and have gone well.
Nearly half of South Africans plan to invest in crypto, including coins, projects and potential ICOs

[getto]

Despite fears and skepticism over usage of virtual currencies for crime, tax evasion and money laundering, more African countries and individual investors are increasingly embracing cryptocurrencies to escape challenges to do with fiat money and to mop up extra value from informal markets that dominate the continent, according to a newly-published local report.Global Risk Insights has now said there are numerous opportunities for African countries to embrace cryptocurrencies. This comes “as more states in Africa come to accept cryptocurrency in a technology-first approach to digitizing and diversifying” their markets.

[jonathancool220]

Do not discriminate Africa too much in terms of cryptocurrency because in fact in African countries there is also a lot of Bitcoin for every citizen.
And yesterday Binance also launched an Exchange for FIAT Uganda.

ref = https://www.binance.co.ug/